Qatargas wins “Excellence in Project Integration” award

Doha, Qatar, December 7, 2009:  Qatargas won the top award for “Excellence in Project Integration” for its Qatargas 2 project at a special ceremony during the fourth International Petroleum Technology Conference (IPTC) being held from 7 – 9 December at the Sheraton Doha Hotel.  Faisal Al-Suwaidi, Qatargas Chairman and Chief Executive Officer received the award.

The award highlights projects that have demonstrated distinction throughout the entire value chain.  Only projects that involve expenditure of over USD 500 million are considered for the award.  Eligibility is based on four main criteria: excellence at each stage from inception to completion; the local, regional, and international impact of the project; new technology applied to any stage of the project; and execution of the project on schedule, on budget, and in compliance with health, safety, security, and environmental regulations.

Mr. Al-Suwaidi said; “We are very pleased to receive this award.  The Qatargas 2 project is a unique and very special project.  It is the first project to encompass the entire LNG value chain, efficiently tapping Qatar’s North Field reserves with its two mega trains.  The project has set new standards in technological innovation, economies of scale, safety and environmental performance, and market reach.”

Qatargas 2 Train 4 is the world’s first 7.8 mta LNG train.  Both trains 4 and 5 are now in full production.  The project involved teams in eight countries.  At the peak of construction, 36,000 workers from more than 40 countries were involved.

Qatargas is also sponsoring the IPTC Education Week, held as part of the conference.  Top students in Engineering, Geoscience and Science degree programs at leading institutions across the globe are selected to participate in this special event that aims to give the students a clear insight into the industry.  The students will also have the opportunity to interact with major industry employers who are constantly looking to recruit the best talent from institutions across the region. 

The theme of this year’s conference is “World Energy Challenges: Endurance and Commitment”.    The conference addresses technology and relevant industry issues that challenge industry specialists and management around the world, particularly in the gas business.