(MENAFN - The Peninsula) QNA
Doha: Shell Qatar Chairman and Managing Director Andrew Faulkner (pictured) said the Pearl Gas-to-Liquids (GTL) project is operating efficiently and achieving the business objectives for which it was founded.
Speaking to Qatar News Agency, Faulkner said Pearl GTL, which is the largest of its type and managed by Shell Qatar is benefiting the economic performance in the State of Qatar and is achieving strong financial returns that contribute to the sustainable development it seeks, and represents a serious opportunity for professional development as there are more than 300 Qataris occupying different positions. He added that the project also represents investment opportunities for many local companies through its operational and supply opportunities.
The Pearl project (A joint venture between Qatar Petroleum and Shell Global) produces 1.6 billion cubic feet of gas per day from the North Field to produce 140,000 barrels per day of high-quality GTL products, in addition to 120,000 barrels per day of natural gas liquids and ethane.
Faulkner said Shell Qatar gives top priority to operating the project at its best, despite some of the challenges that the project has faced over the last two years, it has been able to overcome them as some production units have been replaced by more efficient units.
Faulkner added that the steps Qatar is taking in the energy sector, including its plans to increase its national gas produce is great. He expressed belief that these steps will reflect positively on the energy sector performance and its sustainable development.
Faulkner said Shell Qatar is engaged in energy projects that seek sustainable development in Qatar and is working to reduce methane emissions through the natural gas industry through all stages of its production.
He added that his company is working to bring the applications and devices operating in its projects to be consistent with its objectives to reduce emissions in its operations in Qatar to achieve the company's goal of achieving an emission of 0.02 percent. He said that through the State of Qatar's production of natural gas, it is working to meet the rapid demand for gas, adding that Shell Global aspires to develop permanent activities in the country.
During his lecture at Carnegie Mellon University in Qatar under the title 'International energy companies and their role in human development and sustainable growth, Faulkner said the GTL project represents opportunity for career development for Qataris, as nearly 327 Qataris are working at Shell Qatar, the largest number since the company was established, and the company is experiencing a high turnout of new graduates. He said the best thing about this number if the nature of the positions occupied by the Qataris, which reflects the professional experience and career development that they were able to achieve.
Faulkner said that energy demand is expected to double by the end of this century, while Shell is keen to engage in investment projects that meet demand for the energy sector. He that Qatar Shell Research and Technology Centre in Qatar Science and Technology Park is part of Shell global network and collaborates with Shell's other research and technology centers in Amsterdam in the Netherlands and Houston, Texas and Shell Qatar invests $100m over the ten years in research and development programs in Qatar.
Faulkner praised the role played by the research center in the successes of Shell Qatar, noting that while the world needs more energy as population growth and the development of industry and technology continues, there is an increasing need to take into account the environment and protect it as climate is changing, adding that the provision of energy through renewable resources around the world has become important.