ADNOC to Boost Production Capacity

Published

Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO (Photo: ADNOC)
Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO (Photo: ADNOC)

Abu Dhabi state-owned oil producer ADNOC plans to increase oil production capacity to 5 million barrels per day by 2030, the emirate's crown prince said in a tweet.

Abu Dhabi's "Supreme Petroleum Council approved AED 486 billion ($132.33 billion) in capex to support ADNOC's 5-year growth plans, including its gas strategy to become self-sufficient and a net gas exporter," Sheikh Mohammed Bin Zayed also said in his tweet.


($1 = 3.6726 UAE dirham)

(Reporting by Maher Chmaytelli; Editing by Catherine Evans)

Current News

TGS Embarks on Multi-Client 2D Survey off Angola

TGS Embarks on Multi-Client 2D

Orbital Marine Grows UK and Canada Tidal Energy Orderbook to 32MW

Orbital Marine Grows UK and Ca

SIT, Seatrium Launch Offshore and Marine Digital Learning Lab

SIT, Seatrium Launch Offshore

Elemental Energies Expands Subsurface Expertise with APT Buy

Elemental Energies Expands Sub

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine