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Abu Dhabi Overview

Abu Dhabi

in figures

Oil Reserves97.8 billion barrels

Oil Production3.9 million bopd

Gas Reserves5.9 tcm

Gas Production60.4 bcm

Abu Dhabi: Reform and New Partnerships

Abu Dhabi, the largest of the seven emirates, holds total proven reserves of 92.2 billion barrels of oil, making it among the top-10 nations by reserves size. The Abu Dhabi National Oil Company (ADNOC) is responsible for nearly all of its oil and gas production, which stand at 3 million bopd and 277.5 mcm (9.8 bcf) per day, respectively. Abu Dhabi exported 885 million barrels of crude in 2016. Japan receives about one-third of the emirate’s total crude exports. In 2016, Abu Dhabi exported 22 million tonnes of refined petroleum products, of which the Netherlands bought 25.4%, followed by France, which purchased 11%.

Abu Dhabi is aiming to reach 3.5 million bopd by the end of 2018 and to maintain that level for 25 years. ADNOC will achieve the target through a 300,000-bopd increase in offshore production at Umm Shaif and both the Upper and Lower Zakum oilfields. A further 200,000 bopd will be added by ADNOC’s onshore arm – Abu Dhabi Company for Onshore Oil Operations.

In April 2018, ADNOC kicked off Abu Dhabi’s first licensing round. Four onshore and two offshore blocks, together spanning around 30,000 square kilometres, are on offer. The deadline for bids is October and awards are to be announced by the end of the year.

Through its subsidiaries Abu Dhabi Marine Operating Company and Zakum Development Company, ADNOC will invest USD 25 billion between 2015 and 2020. For better management, ADNOC merged its offshore subsidiaries in early 2018 to form ADNOC Offshore.

The Oil & Gas Year Abu Dhabi 2017 is the most up-to-date and comprehensive report on the country’s hydrocarbons industry.  It was produced and published in partnership with the Ministry of Energy and ADNOC. For a comprehensive view of Abu Dhabi’s market, see our business intelligence platform, TOGYiN, which features more than 250 profiles on companies and institutions active in Abu Dhabi’s oil and gas industry.

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