ADNOC Approves $6.2 Billion Umm Shaif Offshore Gas Project in Abu Dhabi
Abu Dhabi’s ADNOC has made a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap offshore field, partnering with TotalEnergies, Eni, and CNPC. The project includes $5.1 billion in EPC contracts and a $365 million drilling program, targeting production of over 600 million standard cubic feet per day of natural gas by 2030. This is part of ADNOC’s strategy to boost domestic gas supply and expand LNG exports, including a recent $900 million order for new LNG carriers.
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ADNOC Approves $6.2 Billion Umm Shaif Gas Project to Boost UAE Supply
ADNOC has approved a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap offshore field, Abu Dhabi's longest-producing offshore field. The project is expected to deliver over 600 million standard cubic feet per day of natural gas and associated gas liquids by 2030, equivalent to nearly 10% of the UAE's current daily gas consumption. The development will be carried out with concession partners TotalEnergies, Eni, and China National Petroleum Corporation. ADNOC awarded $5.1 billion in engineering, procurement, and construction contracts to UAE and international consortiums, and approved a $365 million drilling program for 14 wells to be executed by ADNOC Drilling. The investment is part of ADNOC's broader strategy to expand natural gas production and LNG exports, targeting 47 million tonnes per annum of marketable LNG capacity by 2035. The UAE holds the world's seventh-largest natural gas reserves and is investing heavily to meet growing domestic demand and reinforce its position as a global energy supplier.
ADNOC approves $6.2bn Umm Shaif gas cap development
Abu Dhabi National Oil Company (ADNOC) has approved a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap in Abu Dhabi, UAE. The project involves international partners TotalEnergies, Eni, and China National Petroleum Corporation (CNPC). It is expected to produce over 600 million standard cubic feet per day of natural gas and associated gas liquids, representing nearly 10% of the UAE's current daily gas use, with output scheduled to begin by 2030. Three engineering, procurement and construction contracts worth Dh18.8 billion have been awarded for offshore infrastructure, along with a Dh1.3 billion drilling program for 14 wells by ADNOC Drilling. The development is part of ADNOC's broader integrated gas strategy to meet domestic and international energy demand and expand its LNG business, targeting 47 million tonnes per annum capacity by 2035.
ADNOC approves $6.2bn Umm Shaif gas cap development
Abu Dhabi National Oil Company (ADNOC) has approved a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap in Abu Dhabi, UAE, with partners TotalEnergies, Eni, and CNPC. The project will produce over 600 million standard cubic feet per day of natural gas and associated gas liquids, representing nearly 10% of the UAE's current daily gas use, with output expected by 2030. Three engineering, procurement, and construction contracts worth $5.1 billion have been awarded for offshore infrastructure, along with a $354 million drilling program for 14 wells. The development is part of ADNOC's broader integrated gas strategy to meet growing global demand and expand its LNG business, targeting 47 million tonnes per annum capacity by 2035.
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ADNOC invests $6.2 billion in Umm Shaif offshore gas field
ADNOC has approved a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap offshore field in Abu Dhabi, partnering with TotalEnergies, Eni, and China National Petroleum Corporation. The project is expected to produce over 600 million standard cubic feet per day of natural gas and associated gas liquids by 2030, representing nearly 10% of the UAE's daily domestic consumption. The investment includes $5.1 billion in engineering, procurement, and construction packages for offshore infrastructure and a $365 million drilling program by ADNOC Drilling. The UAE, holding the world's seventh-largest proven gas reserves, aims to reach 47 million tonnes of LNG capacity annually by 2035. The development comes as Qatar supplies roughly one-third of UAE's domestic gas needs under a pipeline deal expiring in 2032, and amid ongoing strain on the Strait of Hormuz, through which 20% of global LNG moves.
ADNOC Approves $6.2 Billion Gas Project in Abu Dhabi
Abu Dhabi's national oil company ADNOC has approved a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap project offshore Abu Dhabi, partnering with TotalEnergies, Eni, and CNPC. The project includes $5.1 billion in EPC contracts and a $365 million drilling program by ADNOC Drilling. It is expected to unlock over 600 million standard cubic feet per day of natural gas and associated gas liquids by 2030, equivalent to nearly 10% of the UAE's current daily gas consumption. This follows a recent agreement allowing BP and TotalEnergies to take 10% each in the Bab Gas Cap project. ADNOC is accelerating its integrated gas strategy to boost domestic self-sufficiency and expand LNG exports, including a recent $900 million order for four new LNG carriers.
ADNOC Approves $6.2 Billion Gas Project in Abu Dhabi
Abu Dhabi's national oil company ADNOC announced a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap project offshore Abu Dhabi, partnering with TotalEnergies, Eni, and CNPC. The project includes $5.1 billion in EPC packages and a $365 million drilling program by ADNOC Drilling. Production is expected by 2030, unlocking over 600 million standard cubic feet per day of natural gas and associated gas liquids, equivalent to nearly 10% of UAE's daily gas consumption. This follows a recent agreement allowing BP and TotalEnergies to take 10% each in the Bab Gas Cap project. ADNOC is accelerating its integrated gas strategy to boost domestic supply and expand LNG exports, including a $900 million order for four new LNG carriers.
ADNOC Approves $6.2 Billion Umm Shaif Gas Cap Project in Abu Dhabi
Abu Dhabi's national oil company ADNOC has announced a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap project, partnering with France's TotalEnergies, Italy's Eni, and China National Petroleum Corporation (CNPC). The project includes three engineering, procurement, and construction (EPC) packages totaling $5.1 billion for large-scale offshore infrastructure, awarded to consortiums of UAE and international contractors. Additionally, a $365 million drilling program will be delivered by ADNOC Drilling over 18 months. The development is expected to unlock over 600 million standard cubic feet per day of natural gas and associated gas liquids, equivalent to nearly 10% of the UAE's current daily gas consumption, with production targeted by 2030. This milestone is part of ADNOC's broader strategy to expand its global gas portfolio and LNG export capacity, following a recent agreement with BP and TotalEnergies on the Bab Gas Cap project and a $900 million order for new LNG carriers.