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QP Annual Review 2015

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QP Annual Review 2015 His Highness Sheikh Tamim Bin Hamad Al-Thani The Emir of the State of Qatar His Highness Sheikh Hamad Bin Khalifa Al-Thani The Father Emir Contents 1. Message from the Chairman ......................................................................................................... 08 9. Adding Value ............................................................................................................................ 46 9.1. Downstream Development .................................................................................................... 46 2. Message from the President & CEO ............................................................................................ 10 9.2. ........................................................................................................................................... 48 3. Board of Directors ............................................................................................................................. 12 9.3. Mesaieed Operations ............................................................................................................... 49 9.4. NGLRefining Operations ........................................................................................................................... 51 4. QP Management ............................................................................................................................... 13 9.5. The Helium Story ........................................................................................................................ 53 5. About QP ............................................................................................................................................. 14 10. Industrial Cities ...................................................................................................................... 54 6. Maximizing Contribution ............................................................................................................... 15 10.1. Ras Laffan Industrial City ........................................................................................................ 55 6.1. Reorganization ............................................................................................................................ 15 10.2. Mesaieed Industrial City ......................................................................................................... 56 6.2. Qatar Petroleum International ............................................................................................. 16 10.3. Dukhan Concession Area ........................................................................................................ 58 6.3. Strategic Objectives ................................................................................................................... 16 6.4. Business Development ............................................................................................................. 17 11. Operating Responsibly .......................................................................................................... 60 11.1. Integrating Sustainability in Our Business ...................................................................... 60 7. Joint Ventures and Partnerships ........................................................................................ 18 11.2. Managing the Environment & Climate Change .............................................................. 61 7.1. International Partnerships ..................................................................................................... 20 11.3. Promoting Health and Safety ................................................................................................ 73 7.2. Downstream ................................................................................................................................. 21 11.4. Supporting Our Communities ............................................................................................... 79 7.3. Solar Power ................................................................................................................................... 22 7.4. Umm Al-Houl ................................................................................................................................ 22 12. Enabling People ....................................................................................................................... 82 7.5. QP Around the World .............................................................................................................. 22 12.1. Our People ..................................................................................................................................... 82 12.2. Training and Development ..................................................................................................... 83 8. Harnessing Resources ........................................................................................................... 23 12.3. Retaining Talent .......................................................................................................................... 84 8.1. Oil and Gas ..................................................................................................................................... 24 12.4. Qatarization .................................................................................................................................. 84 8.2. North Field .................................................................................................................................... 25 12.5. QP People Agenda ...................................................................................................................... 87 North Field Alpha ................................................................................................................... 25 Barzan ......................................................................................................................................... 26 • 13. Business Support ..................................................................................................................... 88 Dolphin ....................................................................................................................................... 27 13.1. Projects, Engineering & Procurement ............................................................................... • 88 Pearl GTL .................................................................................................................................... 28 13.2. Finance & Planning .................................................................................................................... • 90 Al-Khaleej Gas .......................................................................................................................... 29 13.3. Healthcare ..................................................................................................................................... • 90 8.3. Field Development ..................................................................................................................... 30 13.4. ICT & Cyber Information Security ........................................................................................ • 91 Al-Shaheen ................................................................................................................................ 31 13.5. Facilities Management ............................................................................................................. 92 Bul Hanine ................................................................................................................................. 32 13.6. Legal ................................................................................................................................................. • 93 Maydan Mahzam ..................................................................................................................... 32 13.7. Internal Audit ............................................................................................................................... 93 • Idd El-Shargi ............................................................................................................................. 34 • Al-Khalij ...................................................................................................................................... 35 14. 2015 Highlights ......................................................................................................................... 94 8.4. • Dukhan ............................................................................................................................................ 35 8.5. • Halul Island ................................................................................................................................... 39 8.6. Exploration Activities ............................................................................................................... 40 8.7. Drilling ............................................................................................................................................ 40 8.8. Petroleum Technology ............................................................................................................. 44 Message from THE Chairman he year 2015 was not an easy period for the global Toil and gas industry as demand stagnated and in the oil and gas
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