ADNOC to Invest $1.4 Bln at Bu Hasa

Wednesday, November 14, 2018

The Abu Dhabi National Oil Company (ADNOC) said on Wednesday it would invest 5.1 billion dirhams ($1.4 billion) to upgrade and expand its onshore Bu Hasa field.

The upgrade will increase crude oil production capacity to 650,000 barrels per day, from 550,000 bpd, by the end of 2020, ADNOC said in a statement.


(Reporting by Asma Alsharif Writing by Maha El Dahan; Editing by Susan Fenton)

Categories: Finance Middle East Oil

Related Stories

Iran Outlines Terms for Restoring Hormuz Shipping

Strait of Hormuz Shipping Marks Slight Rise

Saudi Contractor Enters Oman with Four-Well Drilling Assignment

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Arabian Drilling Set to Resume Ops with Three Offshore Rigs

Oil Jumps 3% on Renewed US-Iran Conflict

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Oil Surges 3% on Renewed US-Iran Strikes

Israel Steps Up Mediterranean Gas Search

Current News

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

Strait of Hormuz Shipping Marks Slight Rise

China's CNOOC Posts Record First-Half Profit

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

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