Qatar Oil and Gas Companies (2024 - 2029)

Qatar Oil and Gas Market Companies Summary

The Qatari oil and gas market, which experienced a downturn due to the COVID-19 pandemic, is projected to bounce back, with an anticipated increase in oil and gas production activities. However, efforts to diversify power generation through the introduction of renewable energy sources could potentially hinder market growth. The market is dominated by the upstream segment due to the country's oil and gas fields being primarily located in the Persian Gulf. Recent studies indicate potential for new natural gas production projects in the north of Qatar, presenting potential opportunities for market players. The country's vast oil and gas reservoirs are expected to spur the market's growth, with an increase in natural gas production predicted to drive the market. The largest share of natural gas production comes from the South Pars, a natural gas field in the Persian Gulf. Despite recent stagnation in oil production, plans are in place to increase production to meet future demand. Significant investments are being made in offshore oil and gas field projects, with several large-scale projects recently awarded to major service providers. The Qatari oil and gas market is moderately consolidated, with a handful of major players dominating the sector.