Vision

Shaping the future

As Director of Oil and Gas Ventures, Saad Sherida Al Kaabi holds a critical position in the development of Qatars gas reserves and manages, together with his team of six managers, all commercial agreements, evaluation and planning, technical services, exploration, production sharing and service facilities as well as Qatar Petroleums (QP) operated oil development interests. With the responsibility for the entire asset portfolio of oil and gas for QP including the reservoir development plan, the assignment of reserves and securing government support, he relies on his quiet authority and his courteous manner, so typical of many senior Qataris, to get the job done. He also oversees a directorate of more than 400 highly skilled staff and reports directly to HE Abdullah Bin Hamad Al Attiyah, Second Deputy Prime Minister of Energy and Industry and QP Chairman and Managing Director
I call it shaping the future. No one in the oil and gas industry worldwide has taken a gas field from 0.8 to 24 billion cubic feet per day in, lets be generous, 20 years. Two years ago the capacity was 4 billion; by 2012 that will increase six-fold! Qatar will then be the third-largest marketed gas producer in the world, with only the USA and Russia in front. In addition the petrochemical side is increasing in leaps and bounds. Its a magnificent achievement, especially if you also consider all the complex agreements and engineering procurement contracts (EPCs) in place to implement our vision. Our vision for the future is one of sustainable development. Our goal is to sustain the great development we have achieved in such a short time. This is all a direct result of the vision of His Highness the Emir of Qatar, Sheikh Hamad Bin Khalifa Al Thani and HE Abdullah Bin Hamad Al Attiyah, whose guidance of QP and excellent achievements since his appointment as Minister of Energy and Chairman and Managing Director of QP will be the talk of generations to come. Their investment in Ras Laffan many years back and their consistent vision, excellent leadership and support are what have made this achievement possible. Theres no question that our commercial partnerships are also essential to realising the vision. As a small country, we knew from the outset that we didnt have the technical capabilities, manpower and resources we needed; so a strategy was set to bring in the best partners, create a good environment for investment, and establish transparency, ethics and best practices for law and contracts

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at the heart of the State. There is no one I know who will fight corruption and stand up for good ethics more than Minister Al Attiyah. It is he who has instilled the discipline of ethics and transparency in QP. As a result we have a stable environment, an inviting atmosphere and every company in the oil and gas industry now wants to work in Qatar. Without teamwork we would not have got anywhere. Weve been very fortunate to have great people working with us at all levels of the company and in all our venture projects. Our achievements, the efficiency of our operations and the level of attention given to health, safety and the environment in all our operations are a testimony to this teamwork and dedication. I believe that we have the elite of the oil and gas industry working with us in Qatar; no matter where you look youre going to find the best in any discipline nationals or expatriates. We have a great appreciation of and sincere gratitude to all our colleagues from more than 50 countries who are working in the industry to achieve the objectives of this nation. We know that being far from home is not easy, but hope that the hospitality of the Qatari people and the good work environment will help to compensate for that. RasGas is an excellent illustration of the highest standards of collaboration. By the year 2012 RasGas will be responsible for the development and operation of around 40 percent of the planned production from the North Field, so we take great comfort in the fact that RasGas has

North Field Production growth showing actual and planned output from 1991 to 2012

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AKG-1 while under construction

exceptional management and staff, who deliver pacesetting projects. This is not mere opinion, but demonstrable too: RasGas has already delivered Trains 1 to 4, AKG1 and now Train 5 in pacesetting mode. This is an outstanding success. Moreover, the start-up and operational activities have been exceptional: the drilling and reservoir groups, who have served Qatar in RasGas, QatarGas II Project and other appraisal activities, have continuously performed to the best standards, pioneered new technologies and also achieved excellent results. All of us in QP recognise the hard-working men and women of RasGas and sincerely appreciate their dedication. Using by-products from the North Field developments as a catalyst for huge petrochemical and industry growth will make Qatar a leader in most sectors of the downstream industry. Developments include major petrochemical crackers, such as QChem2 at Ras Laffan. Weve also signed the heads of agreement for one of the largest mixed-feed crackers in the world using LPG and ethane which well build with ExxonMobil. Methane will be used as feedstock for steel manufacturing and aluminium smelting and will also supply fertiliser, fuel additive and other smaller industries. QP is a major shareholder in all these developments. Domestic projects such as the massive building programme in Lusail, the general expansion of industry and our need for electricity and water desalination means that theres a huge increase in demand for power in the country. As a corporate strategy, we have secured reserves for this

vital sector for years to come. A new venture, Qatar Petroleum International (QPI), was recently created to lead our development effort in various international energy projects and transform QP from being exclusively local into a global energy player. QPI has invested with our partners in LNG terminals outside Qatar such as Rovigo, on Italys North Adriatic coast, South Hook in Wales and Golden Pass in Texas, which will provide regasification services for Qatargas and RasGas. QPI will be looking to invest in feasible projects overseas in the upstream, downstream and power sectors. So to conclude, our mission at QP is to be a major provider of safe, reliable and environmentally friendly energy products and contribute to the secure supply of global energy needs, while at the same time meeting all the energy needs of the Qatari economy. If we can meet the commitments and obligations to our customers in a safe and timely way, then that will be a job well done. On a national scale, Qatar is striving towards higher ground. Sustaining this development is only achievable through a highly skilled work force, and the initiative of Her Highness Sheikha Mozah Bint Nasser Al Misnad (through the formation of Qatar Foundation) will ensure that we have graduates of the highest calibre. When these students come to build on the foundation that has already been laid, in a business environment of dedication, empowerment, accountability and teamwork, both they and Qatar are bound to succeed.

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