Mega hydrocarbon projects being carried out by Abu Dhabi will push the UAE’s output capacity above three million barrels per day in few years and maintain its position as one of the top crude producers in the world.
its 550,000 bpd capacity by 2009.
Around $1.5bn has also been allocated for the expansion of the giant Umm Shaif offshore field and $2bn for the Nasr Field development by the Abu Dhabi Marine Oil Company (ADMA-OPCO).
A further investment of $1.4bn will be channelled into the development of the onshore Sahil, Asab and Shah fields.
ExxonMobil, the world’s largest private oil company, is undertaking the development of Upper Zakum under a contract awarded to it by the Supreme Petroleum Council in 2006.
The agreement allowed it to acquire 28 per cent in the Zakum Development Company (Zadco), while the Japan Oil Development Company retained its 12 per cent and Adnoc controlled 60 per cent.
ExxonMobil’s contract involves increasing its capacity by nearly 200,000 bpd to around 750,000 bpd. Discovered in 1964 by ADMA, the field is 30-km long and 25-km wide and located south-east of Umm Shaif oilfield.
It is one of the most complex fields in the oil industry because of high rock porosity and low pressure. This is why the British Petroleum and Total in ADMA-OPCO joint venture was reported to have refused to invest in the field in the early 1970s.
According to Adnoc sources, Umm Shaif, about 150km north-west of Abu Dhabi city, has 268 oil wells producing 200,000 bpd. Under the $1.6bn contract, Umm Shaif’s long-term sustainable capacity will be 300,000 bpd by 2010.
Lower Zakum is ADMA-OPCO’s largest oilfield found in July 1963 and developed in 1966. Its capacity has been raised from 270,000 bpd in 1991 to 300,000 bpd. Nasr, discovered by ADMA in 1971, is one of the ADMA-OPCO fields awaiting further development. It lies 20km north-east of Umm Al Shaif.
“With the completion of these projects, ADCO’s capacity will rise from 1.2 million to 1.4 million bpd,” said a recent report by Adnoc. The rest will come from ADMA-OPCO and other offshore oilfields.”
UAE oil capacity to hit 3 million barrels per day