- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
UAE to increase production capacity in 2013
Arabian Oil & Gas Staff – 14.1.2013
Mohammad Al Hamli, the UAE’s Minister of oil, has announced that the country is planning to increase oil production capacity to 3 million bpd from the current 2.8 million bpd in 2013, according to Dow Jones Newswires. The country’s crude output was at 2.6 million bpd in December and it is currently producing at around the same level, said Hamli.
The UAE entered 2012 as the world’s eighth largest oil producer, producing an average volume of 2,813,000 barrels per day, and came out fourth in the top global exporters league, exporting around 81% of its total production. Abu Dhabi is the largest Emirate by size, and home to around 95% of the nation’s oil, and 92% of its gas. The Zakum oil system produces a large portion of the country’s oil, a collection of fields which together make up the third largest oil zone in the world. The Upper Zakum field is run by ZADCO, 60% owned by ADNOC with the Japanese Oil Development Co. and ExxonMobil holding the remaining stakes.
The largest onshore oil fields are operated by ADCO. ADCO operates the Bu Hasa oil field, which produces as much as 600,000 barrels per day, as well as the Murban Bab, Sahil, Asab, and Shah oil fields, contributing another 705,000 bpd of light, sweet crude. The Qusahwira and Bab fields are under development by ADCO, adding 250,000 bpd by 2014.
These projects are components of a plan to boost ADCO’s aggregate production to 1.8 million bpd from its current 1.4 million bpd by 2017.
