QatarEnergy has selected its second and third partners in the $28.75 billion North Field East (NFE) expansion project.
Eni was selected as the second partner in the project, the operator said in a release June 19. The two companies will partner in a new joint venture company in which QatarEnergy will hold a 75% interest and Eni will hold 25% interest. The JV will own 12.5% of the entire NFE project, which has a total LNG capacity of 32 million tpy, the operator said.
In its third agreement, QatarEnergy partnered with ConocoPhillips in a new joint venture company. QatarEnergy will hold a 75% interest and ConocoPhillips will hold the remaining 25% interest, the company said in a release June 20. The JV will own 12.5% of the entire NFE project.
NFE, launched by QatarEnergy in third-quarter 2019, is under construction and intended to increase Qatar's total LNG export capacity to 110 million tonne/year (tpy) from 77 million tpy by 2027 via four new 8.25-million tpy trains. The offshore upstream part of the project will develop the southeastern area of North field using 8 platforms and 80 wells.
Last week, QatarEnergy selected TotalEnergies SE as a 25% partner in a joint venture to develop the LNG project (OGJ Online, June 13, 2022). In April, the company awarded an engineering, procurement, and construction contract to a JV between Técnicas Reunidas SA and Wison Engineering Services Co. for work on the project (OGJ Online, Apr. 28, 2022).