RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-02-03 11:40:00

UAE GAS WILL UP

UAE GAS WILL UP

PLATTS - Abu Dhabi National Oil Co., the UAE's biggest energy company pumping some 3 million b/d, and Dubai's gas supplier will develop a new shallow gas reservoir with estimated reserves of 80 trillion standard cubic feet as the UAE seeks gas self-sufficiency.

"ADNOC will deploy capital, technology, and expertise to develop and produce shallow gas resources and conduct further exploration to assess further volumes and firm up development costs," it said Monday in a statement.

"As part of ADNOC's 2030 strategy, the company also plans to tap gas from its gas caps and substantial unconventional gas reserves, as well as new natural gas accumulations, which will continue to be appraised and developed as the company pursues its exploration activities."

This is the first time ADNOC has explored for hydrocarbon resources in Dubai. The new reservoir, discovered on the Abu Dhabi-Dubai border, will be supplied to Dubai Supply Authority (DUSUP), which caters to the energy needs of a number of utility and industrial companies in the UAE's second largest city.

DUSUP currently imports gas from Qatar through Dolphin Energy, the joint venture between Abu Dhabi's Mubadala Investment Co, Occidental Petroleum and Total.

Gas self-sufficiency

Last year, Abu Dhabi's Supreme Petroleum Council announced increases in hydrocarbon recoverable reserves of 7 billion stock tank barrels of oil and 58 TSCF of conventional gas, bringing the total to 105 billion STB of recoverable oil, 273 TSCF of conventional gas and 160 TSCF of unconventional gas resources.

ADNOC officials have spoken of reaching gas "self-sufficiency" and even becoming a net exporter of the fuel in the long-term as the UAE emirate beefs up exploration and development of gas fields.

ADNOC, which produces 10.5 Bscf/d of gas all in the UAE, is boosting its gas output with the help of international oil companies.

Germany's Wintershall and Italy's ENI are working with ADNOC to develop the Ghasha ultra-sour gas concession which is expected to produce over 1.5 Bscf/d by around 2025. In addition, ADNOC plans to boost production from its Shah sour gas field from about 1.3 Bscf/d to 1.5 Bscf/d through its joint venture with Occidental.

It also plans to move forward to develop the sour gas fields at Bab and Bu Hasa.

This is the second gas discovery announced in the UAE in a week. Last Monday, Eni and the UAE's Sharjah National Oil Corp. said they discovered gas and condensates in the emirate of Sharjah. SNOC said it was the first onshore Sharjah discovery in 37 years, with the well achieving flow rates of up to 50 Mscf/d of lean gas and associated condensate.

----- 


Earlier:

UAE GAS WILL UP
2020, January, 29, 12:35:00
UAE INVESTMENT FOR KAZAKHSTAN: $2 BLN
"The UAE is currently investing over US$ 2 billion in Kazakhstan, which makes it one of the top sources for Foreign Direct Investments."
UAE GAS WILL UP
2020, January, 24, 13:05:00
UAE INVESTMENT FOR EGYPT $7.2 BLN
The UAE is currently the largest investor in Egypt with total investments exceeding AED26.5 billion (US$ 7.2 bn), according to Jamal Saif Al Jarwan, Secretary-General of the UAE International Investors Council.
UAE GAS WILL UP
2020, January, 13, 15:25:00
UAE, INDONESIA INVESTMENT $23 BLN
In the petrochemical and gas sectors, Abu Dhabi National Oil Company (ADNOC) signed deals with Indonesian companies PT Pertamina [PERTM.UL] and PT Chandra Asri Petrochemicals (TPIA.JK), UAE state news agency WAM reported.
All Publications »
Tags: UAE, ADNOC, GAS
Chronicle:
UAE GAS WILL UP
2023, January, 25, 10:19:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
UAE GAS WILL UP
2023, January, 25, 10:18:00
TRANSPORTATION OIL AND GAS CONGRESS 2023 (TOGC 2023)
Transportation Oil and Gas Congress 2023 (TOGC 2023) takes place on February 20-21, 2023. The Congress brings together representatives from the whole pipeline chain and focuses on both strategic and technical issues of the oil and gas pipeline transportation.
UAE GAS WILL UP
2023, January, 25, 10:15:00
U.S. POWER GRID PROBLEMS
The significant changing consumption needs and generation patterns are causing significant concerns that existing ageing infrastructure is becoming a major source of risk to power grid safety, reliability and financial exposure and in failing to deliver power on the expected 24 x 7, we need.
UAE GAS WILL UP
2023, January, 25, 10:10:00
СПГ КОНГРЕСС РОССИЯ 2023
СПГ Конгресс Россия – это международная инвестиционная площадка, где традиционно собираются лидеры индустрии. Ежегодно в мероприятии принимают участие более 250 операторов крупно-, средне- и малотоннажных СПГ-проектов, водородных проектов, правительство и технологические лидеры СПГ-индустрии.
UAE GAS WILL UP
2023, January, 25, 10:05:00
OIL AND GAS AUTOMATION AND DIGITALIZATION 2023
Event Title: Oil and Gas Automation and Digitalization 2023 Conference Date: 03 - 04 May 2023 Event Type: In-Person Event Event Organizer: PTN Events
UAE GAS WILL UP
2023, January, 23, 12:40:53
OIL PRICE: BRENT BELOW $88, WTI BELOW $82
Brent was down 11 cents, or 0.1%, to $87.52, WTI fell 8 cents, or 0.1%, to $81.56 a barrel.
UAE GAS WILL UP
2023, January, 23, 12:35:00
EUROPEAN GAS PRICES UPDOWN
Dutch front-month futures, were 0.2% lower at €66.80 a megawatt-hour by 8:58 a.m. in Amsterdam, after rising as much as 3.1% earlier.
All Publications »