ADNOC Approves $6.2B Umm Shaif Gas Project to Boost UAE Supply

Published Jul 22, 07:44 AM UTC

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.