UAE Brings Forward Oil Output Capacity Expansion to 2027

Maha El Dahan and Alaa Swilam
Tuesday, November 29, 2022
Credit: ADNOC (File Photo)

The board of Abu Dhabi's ADNOC has endorsed plans to bring forward the company's five million barrel per day oil production capacity expansion to 2027, the company said in a statement on Monday. 

ADNOC's gas processing and LNG businesses will be consolidated to create ADNOC Gas, and ADNOC will float a minority stake in the new company on ADX next year, the statement added. 

(Reuters - Reporting by Maha El Dahan and Alaa Swilam; Writing by Maha El Dahan; Editing by Jan Harvey)

Categories: Middle East Activity Production Asia

Related Stories

Hai Long Offshore Wind Project in Taiwan Produces First Power

Hai Long Offshore Wind Project in Taiwan Produces First Power

CNOOC Starts Production at Offshore Field in South China Sea

CNOOC Starts Production at Offshore Field in South China Sea

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Current News

FourPhase Nets Shell Contract for its Caribbean Oil and Gas Platforms

BV Leverages AI on Next-gen Augmented Surveyor 3D

Hai Long Offshore Wind Project in Taiwan Produces First Power

JDR Wraps Up Type Test Qualification of Next-Gen Offshore Wind Cables

Subscribe for OE Digital E‑News

Offshore Engineer Magazine