The oil and gas industry is one of the most important industries in Qatar. There are many oil and gas companies in Qatar, but we have compiled a list of the top ten oil and gas companies QATAR which you can find below.
Petroleum Industry In Qatar
Oil is the largest natural resource export from Qatar. The oil exploration activities have been going on since 1938, but it was only after World War II that they became successful with the discovery of oil at Dukhan field in 1948.
Exxon Mobil Corporation discovered oil fields off Qatar’s northeast coast, estimated to be more than 25 billion barrels (bbl) or about 34 trillion cubic feet (Tcf). As a result, Qatar has become one of the top ten oil-producing nations globally, ranking second behind Saudi Arabia as per 2014 data. Other discoveries like the Lusi oil field, which was found in 2008 and is the largest oil discovery ever made in Qatar.
Top Ten Oil and Gas Companies In Qatar
There are many oil and gas companies operating in Qatar. Below we talk about the top ten list of oil and gas companies in Qatar.
Oil and Gas Industry In Saudi Arabia
1.Qatar Petroleum- Oil and Gas Companies Qatar
Qatar Petroleum (QP) is the country’s oil and natural gas company. Founded in 1974, QP established Qatar’s oil fields and exploration projects. They produce the country’s oil for sale around the world and operate the Umm Shaif plant, with a capacity of 200000 barrels per day (bpd).
The government owns all shares of QP, which are traded on the Qatar Exchange under the symbol: “QAAP.”
In 2009-2010 the company embarked on an ambitious project called “the vision 2030″ where it plans to spend $100 billion and double oil production in Qatar.
The company is the third-largest oil and natural gas producer globally, with an annual output of over two million barrels per day and a market capitalization (as of July 2014) of $192 billion.
- Industry: Oil and Gas
- Employees: 6,371
- Founded: 1974
- Revenue Per Year (USD): 30 billion USD
- Headquarter:
- Website: https://qp.com.qa/en/Pages/Home.aspx
2.Qatargas- Oil and Gas Industry Qatar
Qatargas is a Qatari oil and gas company with annual revenue of over $222 million. In 1984, the Qatar Petroleum Company (now called QatarGas) set up the Ras Laffan Refinery to process natural gas into fuels for vehicle use as well as oil products. The new refinery required energy from both oil and natural-gas sources; it was then that Qatargas took responsibility for supplying these two forms of fuel to the plant through its oil and gas fields.
The state-owned firm has grown tremendously since then, expanding rapidly throughout Asia by winning contracts for projects such as Indonesia’s Tangguh field—the world’s largest single integrated project when completed—and the oil and gas pipeline in the United States.
In 2009, Qatargas was awarded a contract for a project to construct an oil refinery at Ruwais Industrial City on Qatar’s north coast; this is now the largest single refining complex in the world.
- Industry: Oil and Gas
- Employees: 5000-10000
- Founded: 1984
- Revenue Per Year (USD): $222.17 million
- Headquarter: Doha, Qatar
- Website: https://www.qatargas.com/english
3.Shell- Oil, and Gas Companies Qatar
Shell oil and gas company ranks as number three on Qatar’s list of oil and gas companies. Shell was first started in 1907 when Henri Deterding bought a refinery that he had worked for before. He also bought an oil refinery in Sweden and merged them.
From those humble beginnings, today’s Shell is one of the world’s largest multinational oil and natural gas corporations worth US$180.52 billion (as of 2020), with over 9000 employees globally operating through 70 countries around the globe.
- Industry: – Oil & Gas Exploration & Production
- Employees: – 10000+
- Founded: – 1907
- Revenue (USD): – US$180.5 billion (2020)
- Location: – The Hague, Netherlands,
- Website: – https://www.shell.com/
4.RasGas- Oil & Gas Companies in Qatar
RasGas is an oil and gas company that has been running since 1998.
Qatar Petroleum founded it with the help of a contractor, ExxonMobil, and Total after they found oil in Qatargas Field. Qatar Petroleum has an office in Doha where they have their headquarters and a refinery. The refinery turns the oil into fuel for cars or other vehicles like ships before it is delivered worldwide.
They own a gas-to-liquid plant. It turns natural gas into liquid hydrocarbons through chemical reactions so that transportation is easier and less expensive.
- Industry: Oil and Gas
- Employees: 1001 to 5000 Employees
- Founded: 1998
- Revenue Per Year (USD): $23M
- Headquarter: Doha, Qatar
- Website: https://www.rasgas.com/
5.Schlumberger- Oil and Gas Companies Qatar
Schlumberger is an oil and gas company that was founded in 1926. The company operates oil rigs, provides drilling fluids engineering, processes seismic data to find the location of oil deposits, and manufactures equipment for hydraulic fracturing. Schlumberger also does contract work with governments around the world, such as Saudi Arabia. They have more than 10000 employees working all over the globe who are experts in their domain.
Their revenue came up to $11 billion, which qualifies them as one of the top ten oil and gas companies Qatar has ever seen before today’s date!
They’re headquartered in Doha, Qatar, where they maintain a sizable presence. They have more than 1000 oil platforms around the world.
Oil and Gas Company In Malaysia
- Industry: – Oil & Gas Exploration & Production
- Employees: – 10000+ Employees
- Founded: – 1926
- Revenue (USD): – $11+ billion
- Location in Qatar : – Doha, Qatar
- Website : – www.slb.com
6.Worley- Oil & Gas Companies in Qatar
Worley oil and gas companies Qatar has been in the oil & gas industry for more than forty years. They have a revenue of AUD 4749 million per year, which qualifies them as one of Qatar’s top ten oil and gas companies today. Their headquarters are in North Sydney, Australia, and they have around 57600 employees all over the world.
They work on oil platforms in different countries. The company was established in 1971 by John Worley after he completed his studies at Oxford University Engineering School, where he obtained an engineering degree.
- Industry: Oil and Gas
- Employees: 57,600
- Founded: 1971
- Revenue Per Year: 4.749 billion AUD
- Headquarter: North Sydney, Australia
- Website: https://www.worley.com/
7.Kentech- Petroleum Companies in Qatar
Kentech is one of the oil and gas companies in Qatar. This company is in the top seven with yearly revenue of $17.85 million US dollars. They are in oil extraction and construction services for oil fields all over the Middle East. Kentech was founded by members of the Khaled bin Sultan Al-Fuhaid family in 1993. They worked as petroleum engineers for a company called Petroleum Services Company (PSC).
Until 1997, the company focused on oil exploration activities in Saudi Arabia, Oman, Kuwait. They became a subsidiary of Kajima Corp. In 1992 PSC began operating under the name Kentech. The company has oil and gas extraction services in Qatar, Yemen, Saudi Arabia, Oman, Kuwait, Iran, and Iraq with a staff of 2000 people.
- Industry: Oil and Gas
- Employees: 1,471
- Founded: 1993
- Revenue Per Year (USD): $17.8 million
- Headquarter: Dubai, United Arab Emirates
- Website: https://www.kentech.com/
8.IMCO Engineering & Construction- Oil and Gas Companies Qatar
IMCO Engineering was founded in 1970, and they have oil extraction services in Qatar, Yemen, Saudi Arabia, Oman. They are headquartered in Doha with over 1000 employees.
The Chairman of the Board is an engineer by profession called Abdullah bin Mohammed Al-Khalifa. He has been president of IMCO since 1997 and director on the board of Qatar Petroleum since 2007.
In 2015, they were awarded oil and gas engineering projects for the Qatargas project in Ras Laffan Industrial City and a lead role on RAPID (Qatar’s Domestic Gas Infrastructure Development Project)
The company also has offices in Bahrain, UAE, Kuwait, Oman, and Iraq.
- Industry: Oil and Gas
- Employees: 1000+
- Founded: 1970
- Revenue Per Year (USD): $1.92 million
- Headquarter: Doha, Qatar
- Website: https://www.imcokw.com/
9.Schneider Electric-Oil & Gas Companies in Qatar
Schneider is a company that makes power management and energy efficiency products. They also make products to help people improve safety standards.
In 2015 they had sales in over 100 countries worth 27 billion euro, making them one of Europe’s leading electrical equipment manufacturers.
Schneider was established almost 200 years ago by brothers Adrien and Jean-Théodore Schneider, who were metal merchants in Paris at the time. The company has been listed on the Dow Jones Sustainability Index (DJSI) since 2004, when it placed 13th out of 200 companies.
- Industry: Oil and Gas
- Employees: 135,000
- Founded: 1836
- Revenue Per Year: 27.2 billion EUR
- Headquarter: Paris, France
- Website: https://www.se.com/
10.N-KOM- Oil and Gas Companies Qatar
N-KOM is an oil and gas company based in Qatar. For about ten years, the company has been in existence, with the first oil and gas project that it managed being in 2008.
The company is headquartered in Doha, Qatar, with a staff of about 1000-1500 employees. It has been ranked among the top oil and gas companies in Qatar for its work as an oil producer, oil field services provider, petroleum refining company, engineering consultant service provider, crude oil transportation terminal operator, and environmental protection organization. The estimated revenue per year by N-KOM is around QAR 3635 million (US$ 1237).
N-KOM’s current operations are divided into three main sectors:
- oil production & export;
- oilfield services;
- infrastructure construction.
- Industry: Oil and Gas
- Employees: 1000-1500
- Founded: 2007
- Revenue Per Year: QAR 3,635 million
- Headquarter: Doha, Qatar
- Website: https://www.nkom.com.qa/
Conclusion:
We have told you about the top ten oil and gas companies in Qatar. We talked about what they do, how they work, and more. If you like this article, please let us know in the comment section.
