Output growth is a priority for Adnoc
New finds boost Adnoc’s output push
The Emirati firm continues to reap the benefits of recent licensing rounds, adding reserves as it works to increase production capacity
Abu Dhabi’s Adnoc and its upstream international partners have announced more onshore oil finds in the emirate, as upstream momentum continues. In late May, the Mideast Gulf NOC declared the discovery of 650mn bl of oil across three fields, taking its total reserve base to nearly 112bn bl of oil and 289tn ft³ (8.2tn m³) of gas. The announcements come amid a strategic effort to increase oil production capacity to 5mn bl/d by 2027. Abu Dhabi’s renewed upstream vigour has already contributed to an increase of c.5pc, to 4.2mn bl/d, over the past 18 months. At 500mn bl, the largest of the discoveries came at the Bu Hasa oilfield, which has been producing since 1965. The find, which takes Bu Hasa’
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
