ADNOC to Boost Production Capacity

Monday, November 5, 2018

Abu Dhabi state-owned oil producer ADNOC plans to increase oil production capacity to 5 million barrels per day by 2030, the emirate's crown prince said in a tweet.

Abu Dhabi's "Supreme Petroleum Council approved AED 486 billion ($132.33 billion) in capex to support ADNOC's 5-year growth plans, including its gas strategy to become self-sufficient and a net gas exporter," Sheikh Mohammed Bin Zayed also said in his tweet.


($1 = 3.6726 UAE dirham)

(Reporting by Maher Chmaytelli; Editing by Catherine Evans)

Categories: Middle East Government Update Oil Production Activity Drilling

Related Stories

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

Saipem Poised for Middle East Repair Work After Iran War

US-Israel War on Iran Creates Biggest Energy Crisis in History

Borr Drilling Expects Higher Activity as Rigs Return to Work

Oman’s Block 50 Offshore Drilling Ops Pushed to May

Current News

Eni Inks Long-Term Indonesia LNG Supply Agreements

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

BP Adds Three Exploration Blocks off Indonesia

Indonesia Signs Eight Oil and Gas Contracts

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Energean Cuts 2026 Output Forecast After Israel Shutdown

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com