ConocoPhillips is one of the world’s largest independent exploration and production (E&P) companies. ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, natural gas liquids, and liquified natural gas on a worldwide basis. In 2003, ConocoPhillips and Qatar Petroleum signed a Heads of Agreement to develop Qatargas 3.
ConocoPhillips signed another major agreement in 2003 to develop Qatargas 3, a large-scale liquefied natural gas (LNG) project in Ras Laffan Industrial City, Qatar. ConocoPhillips holds a 30 percent interest in this integrated project comprising approximately 1.4 gross BCFD of natural gas production over the 25 year life span of the project, as well as an initial average volume of approximately 70 gross MBPD of liquefied petroleum gas and condensate combined from Qatar’s North field.
ConocoPhillips also has its hands in many other sectors of the Qatari economy including The ConocoPhillips Global Water Sustainability Center (GWSC). GWSC is located in the Qatar Science & Technology Park (QSTP). The center examines ways of treating and recycling by-product water from oil and gas production operations, as well as other projects related to industrial and municipal water sustainability. It has been designated as a ConocoPhillips worldwide center of excellence for water-related technologies, disseminating findings to the company’s global operations, as well as local government and industry partners. The visitor’s center at GWSC promotes water conservation and other sustainability endeavors.
ConocoPhillips is part of the US-Qatar Business Council’s Board of Directors.