UAE oil output to rise to 3.5mbpd at the beginning of next decade

ABU DHABI — The UAE's oil output is expected to rise to 3.5 million barrel per day (bpd) at the beginning of next decade from 2.7 million bpd, while its oil refining capacity, is being raised to 1.1 million barrel per day (bpd) from current capacity of 600,000 bpd, in next coming years.

By A Staff Reporter

Published: Thu 29 Nov 2007, 8:30 AM

Last updated: Sat 4 Apr 2015, 11:23 PM

A report issued in connection with UAE's 36th National Day, highlighting the achievements made by the hydrocarbon sector during the year 2007, said that the Abu Dhabi National Oil Company (ADNOC) plans to increase its crude oil output to meet growing demand for oil and gas. The expansion plans are linked with high demand for oil according to WAM.

Adnoc said its ongoing development programme includes development of production of oil and gas, in addition to other gas-related industries like the petrochemical industry.

The company expects the programme to yield good dividends within two to seven years time, and strongly believes its investments would be profitable.

Gas industry: The UAE has the fourth biggest gas reserves in the world and it is expected that Abu Dhabi's gas production will increase significantly in the next few years, making it one of the world's major exporters.

Adnoc has invited a bid for the laying of the first gas pipelines from Das Island to the Habshan onshore storage facility which can take-in 220 million cubic feet in phase 1 and an additional 500 million cubic feet in phase two.

The work has already started on the expansion of the Gasco gas industry capacity to meet the increase in crude lubricant production from the oil fields in the years ahead.

The demand for gas is set to rise and this has made the prospecting for gas very economically feasible, adding that the company had started

studying how to develop these gas rich areas without jeopardising the great respect and commitment to health, safety and environment policy.

It pointed out that its production of gas would increase and develop very fast in the years ahead to reach seven billion cubic feet per day, in five years time.

The company had invested about $7 billion in gas industry projects of Gasco. It said the projects would be completed soon to allow production to start in 2008 and 2009.

Meanwhile, the Abu Dhabi Gas liquefaction Company (ADGAS) has awarded in November 2007 a $613 million contract to the International Middle East Projects Company, a company that is fully owned by the Technip Company of France. Under the contract, Technip will execute phase 1 of the offshore associated gas processing plant on Das Island. The associated gas will be transported to the Habshan onshore field plant for processing and supply for the local market.

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