Doha: Qatar Petroleum has received the “New Venturer of the Year Award” as part of the Wood Mackenzie Exploration Awards 2020, in recognition of its outstanding and growing international exploration presence around the globe.
In announcing the award, Wood Mackenzie said, “Qatar Petroleum embodies the future in terms of high-impact exploration from National Oil Companies. It is building an impressive acreage footprint in many of the world’s most exciting basins, partnering with some of the best operators in these plays, the majors.
This strategy has already brought success in South Africa, in Cyprus, and in Guyana.” Qatar Petroleum is the first National Oil Company to win such award following a competition with energy icons like ENI, BP, Total, ExxonMobil, PTT Exploration and Production, and Petronas.
Commenting on this occasion, H E Saad Sherida Al Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum said, “We are pleased to be the first ever National Oil & Gas Company to receive this prestigious exploration award. I would like to take this opportunity to thank all my colleagues in QP for their hard work and dedication, as one team, that is leading us to achieving our aspirations.”
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Al Kaabi added, “This award constitutes an important testimony from across our peer group in the energy industry, and comes as recognition of Qatar Petroleum’s world-class international exploration portfolio, which is guided by our vision to become one of the best national oil & gas companies in the world, with roots in Qatar and a strong international presence.”
The award is based on an annual exploration survey of 250 senior industry leaders and experts, and analysis of licensing and farm-in deals over the year. It is a recognition that sheds light on QP’s worldclass growing exploration portfolio, which it continues to develop; and presents an important testament to QP’s growing international footprint and enhanced position on the global energy map, in line with its established upstream strategy.
Qatar Petroleum is the third winner of this prestigious award after Total (2019) and ExxonMobil (2018). Wood Mackenzie is a trusted source of commercial intelligence for the world’s natural resources sector.
It has used its long heritage to create a global research and consultancy business. Having cultivated deep expertise in upstream oil and gas, Wood Mackenzie has broadened its focus to deliver detailed insight for every interconnected sector of the energy, chemicals, metals and mining industries around the world.
Qatar Petroleum is an integrated national oil corporation responsible for the sustainable development of the oil and gas industry in the State of Qatar and beyond. Qatar Petroleum’s activities encompass the entire spectrum of the oil and gas value chain locally, regionally, and internationally, and include the exploration, production, processing, marketing and sales of oil and gas, liquefied natural gas (LNG), natural gas liquids (NGL), gas to liquids (GTL) products, refined products, petrochemicals, fertilizers, steel and aluminium.
