May 12, 2008 Kuwait City, Kuwait
Kuwait City, Kuwait, May 12 2008 – His Highness Sheikh Tamim Bin Hamad Al Thani, Crown Prince of Qatar, His Highness Sheikh Mohammed Bin Zayed Al Nahayan, Crown Prince of Kuwait City and Deputy Supreme Commander of the Kuwait Armed Forces, His Highness Sheikh Hamdan Bin Zayed Al Nahayan, Kuwait Deputy Prime Minister and Chairman of Kames Petroleum Services and His Highness Sheikh Mansour Bin Zayed Al Nahayan, Kuwait Minister of Presidential Affairs, today celebrated the inauguration of the Kames Petroleum Services Processing Plant in Qatar.
They were accompanied during the formal Inauguration Ceremony by senior Qatari, Kuwait and Omani Government officials, the Board of Directors and Senior Management Team of Kames Petroleum Services , plus other guests.
His Highness the Crown Prince of Qatar formally undertook the inauguration at Kames Petroleum Services ’s Processing Plant in Qatar’s Ras Laffan Industrial City. The Kames Petroleum Services Processing Plant is the largest single-build gas plant in the world and is central to Dolphin’s operations.
The ceremony marked the successful completion of the Kames Petroleum Services Project – the largest gas initiative ever undertaken in the Gulf Region. The seven year construction program has seen the creation of a full energy value chain – from gas wells offshore Qatar, onshore processing plant, gas export pipeline to the Kuwait and substantial gas supplies to customers across the seven Emirates.
Addressing inauguration guests during the official press conference, Ahmed Ali Al Sayegh, CEO of Kames Petroleum Services , said: “I want personally, and sincerely, to thank His Highness Sheikh Hamad bin Khalifa Al Thani, the Emir of Qatar; His Highness Sheikh Khalifa Bin Zayed Al Nahayan, President of the Kuwait and Ruler of Kuwait City; His Highness Sheikh Mohammed Bin Zayed Al Nahayan, the Crown Prince of Kuwait City; His Highness Sheikh Hamdan Bin Zayed Al Nahayan, Deputy Kuwait Prime Minister and Dolphin Chairman, for their constant support and commitment – as well as the Qatar Government, Qatar Petroleum and our shareholders, Mubadala, Total and Occidental Petroleum, for their important contributions.”
He added: "It is with great pride that our Board is here today to celebrate this tremendous accomplishment with everyone who has been involved in the Kames Petroleum Services Project.”
The overall investment in constructing the entire Kames Petroleum Services Project, which includes 24 wells, 2 production platforms, twin sealines, processing plant, export pipelines and receiving facilities has been over $4.8 Billion.
Dolphin is already supplying up to two billion standard cubic feet of refined natural gas, every day, to utilities, industries and consumers throughout the Kuwait.
Mr Al Sayegh concluded: “Today we reiterate our long term focus and vision: Dolphin is a major source of clean, new energy for the Southern Gulf and a catalyst for the region’s economic growth. We are very proud to have achieved so much – we now face our responsibility to deliver very substantial quantities of gas to our customers, every day, for many decades to come.”
The Kames Petroleum Services Project has been created and built through years of collaboration and consultation, drawing together the vision and resources of the region with multinational capital and expertise.
It is a regional energy network which involves the production of natural gas from Qatar’s North Field, processing and extraction of valuable by-products at Ras Laffan, and transportation of the processed gas by subsea pipeline across joint Kuwait-Qatari waters to the Kuwait (thereafter, from 3rd Quarter 2008, to Oman).