Market Size of Qatar Oil and Gas Upstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Qatar Oil and Gas Upstream Market Analysis
The market for oil and gas upstream in Qatar is expected to grow at a CAGR of more than 1% during the forecast period of 2020 - 2025. Factors such as increasing oil and gas production are expected to boost the demand for the Qatar oil and gas upstream market during the forecast period. However, the decreasing consumption of oil is expected to impede the growth of the sector.
- Qatar is a significant exporter of natural gas to the world. Most of the oil and gas producing fields of the country are situated in the Persian Gulf. The gas basins, including the South Pars field, are located to the north of the country and are produced by both Iran and Qatar.
- New studies have revealed that the North Field's productive layers extend well into Qatari land in Ras Laffan, which may pave the way for a new Natural gas production project in the north of Qatar and act as an opportunity for the market players.
- An increase in the country's natural gas production is expected to drive the market in the forecast period. The country has vast reservoirs of oil and gas that may be used to boost the growth in the sector.
