The oil and gas market in Qatar has undergone major changes in recent years.
Qatar’s oil and gas industry has a range of state-owned and private energy companies, making it a well-developed and diverse sector. Both the midstream and downstream oil and gas industries in Qatar are constantly expanding, and so is the country’s economy – which is one of the fastest-growing in the world.
Today’s oil and gas organisations are having to adapt and tackle new challenges in a time of limited resources. But what’s been happening in Qatar’s oil and gas scene in recent times and what do these changes mean for oil and gas engineering jobs in Qatar?
From reliability engineer jobs in oil and gas to electrical engineer and maintenance engineer positions, we’ve outlined how the oil and gas market in Qatar is shaping up.
The latest developments in oil and gas in Qatar explained
Liquified natural gas expansion
Qatar remains a leading player in the LNG market and has been establishing itself as a dominant force globally. As the world moves away from fossil fuels, the country is investing heavily in LNG to contribute to the push towards cleaner energy.
As one of the world’s top LNG exporters, Qatar is planning an 85% expansion in LNG output from 77 million metric tons per year (mtpa) to 142 mtpa by 2030 – which is up from the previously expected 126 mtpa.
This planned expansion of LNG production could see Qatar controlling nearly 25% share of the global market by 2030 and could squeeze out rival projects including the US.
Qatar’s continual expansion if production capacity will potentially creating more Middle Eastern oil and gas job opportunities in the process. Therefore, the oil and gas industry continues to expand in Qatar, positioning the country as an important player in the global gas market.
The rise of new gas investments
Furthermore, Qatar has also signed a number of significant LNG deals recently too which comes as Europe searches for new energy searches for new energy sources as an alternative to Russia.
These new investments enable Qatar to extend its oil and gas footprint and continue to build relationships with global partners, which coincides with the Qatar National Vision – a development plan to transform Qatar into a more sustainable country.
Offshore explorations
One of the most recent developments in Qatar’s oil and gas scene is offshore explorations. It has recently been reported that Qatar Energy entered an agreement with TotalEnergies to buy a stake in a licence to seek oil and gas off South Africa as part of their plans to develop the Orange Basin area in Namibia.
Under the agreement, Qatar Energy will hold 24% interest in the exploration licence.
The expansion plan follows previous agreements to enter offshore exploration in Lebanon with a 30% stake and Namibia where Qatar acquired 45% of the exploration licenses.
These projects are part of a wider international strategy for QatarEnergy as they seek to expand their operations across different countries. As a result, this could pave the way for more opportunities for professionals who are looking to work internationally.
Overall, it’s an exciting time for the oil and gas market in Qatar as the country seeks to raise investment and develop further expansion projects.
Let Orion help you find your next oil and gas job
The oil and gas sector offers a rewarding career path for the right professional. There’s a variety of roles in the oil and gas industry and plenty of opportunities to develop and grow.
If you’re looking for new opportunities in the oil and gas industry, look no further than Orion Group for expert help and advice. At Orion, we have a large network of offices throughout Europe, the Middle East, Africa and the Asia Pacific.
We’re the leading recruiter for roles in the oil and gas sector, and we have proven success placing candidates in permanent and contract roles. We have an excellent team of recruitment consultants who can offer you quality support and advice, from CV advice to interview tips.
At Orion, we have many oil and gas jobs for global companies in the Middle East, and we pride ourselves on delivering a quality service to candidates and clients.
So, if you’d like to find out more about how we can help you land your next role, contact us today.
