With 26 trillion cubic meters, Qatar has the third-largest natural gas reserves in the world after Russia and Iran, and with the so-called “North Field”, it has the largest gas field in the world. In the direct proximity of this field, in Exploration Block 4 North, in 2013 Wintershall was able to announce a new gas discovery for the first time in over 40 years. There are about 70 billion cubic meters of natural gas stored there about 70 meters under the sea. The development of the project is now to be checked under the new name Al Radeef.
We have been active in an area, Germany and Europe, for decades that has complex geological conditions and environmental legislation. This experience helps us in Qatar: since the reservoir we discovered there has similar conditions to the ones in the Dutch North Sea, experts from Wintershall Noordzee are supporting the colleagues in Qatar.
As the operator, Wintershall holds 80 percent of the project in Block 4 North. Its partners include the state oil company Qatar Petroleum and the Japanese company Mitsui Gas Development. Since we signed the exploration and production agreement with Qatar Petroleum in 2008, we have the exploration rights for an area covering 544 square kilometers. In the third quarter of 2009, our experts began by searching the area using 2 & 3D seismics, and in 2010 the first exploration well in the Khuff formation was sunk before our suspicions were confirmed at the beginning of 2013. The development of the project is now to be checked under the new name Al Radeef.