UAE

ADNOC to expand its carbon capture and storage program

UAE’s oil and gas firm ADNOC announced expansion of its Carbon Capture Utilization and Storage (CCUS) program, as part of its goal to become one of the least carbon-intensive oil and gas producers in the world, in line with its 2030 strategy. 

First oil production for UAE and China JV

According to a recent statement, Al Yasat, ADNOC’s joint venture with China’s CNPC, produced its first oil from the Bu Haseer 2 Offshore Platform in Abu Dhabi. This is the second production platform on the Bu Haseer field which is expected to deliver 15,000 bpd and contribute to the target of achieving 4 million bpd of oil production capacity by the end of 2020.

ADNOC on track to boost oil production to 4 million bpd

UAE’s oil and gas company ADNOC is on track to increase its crude oil production capacity to 4 million barrels per day by the end of this year. In fact, Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO highlighted the impact of global economic trends on energy demand and outlined the UAE and ADNOC’s response to the fast-evolving energy landscape, saying that “This economic outlook means both the short and long-term demand for energy remains robust. Over the next two decades, we will see growth of at least 25% in energy demand. This is a rate of increase that no single source can satisfy and presents the key challenge of how to produce more energy with fewer emissions.”