Abu Dhabi oil boost gathers momentum
Projects aimed at delivering ambitious production growth are gathering pace
Abu Dhabi National Oil Company (Adnoc) has a target to increase output by almost 15pc from 3.5mn bl/d in late 2018—when it outlined its new strategy—to 4mn bl/d by the end of 2020, and to 5mn bl/d by 2030. A number of projects that form part of a $132bn five-year investment plan to help achieve them are beginning to motor ahead. And the firm is seeing progress not just in development and production, but also in exploration. In November last year, the country’s Supreme Petroleum Council (SPC) unveiled a rare revision to the UAE’s reserves figures—revealing that recent discoveries in Abu Dhabi totalling some 7bn bl had increased the federation-wide tally to 105bn bl, thereby leapfrogging Kuwa
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
