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Thursday, 1 June 2017

Adnoc weighs new US$20bn offshore gas project to meet UAE’s growing demand | The National

Adnoc weighs new US$20bn offshore gas project to meet UAE’s growing demand | The National:

"Abu Dhabi National Oil Company (Adnoc) is considering greenlighting another huge gas project in the Western Region, which could meet nearly 20 per cent of the UAE’s gas demand by the end of the decade. The state oil company’s investment committee is considering proposals for a US$20 billion development of the Hail and Ghasha, Delma, Nasr and Shuwaihat "ultra sour" gasfields, which lie in relatively shallow water south-west of Abu Dhabi city, about half way to Ruwais city. Known collectively as the North-West Area, the sour gas prospect is estimated by analysts to contain about 5 trillion cubic feet of gas and forecast to produce 1 billion cubic feet per day (cfd), which would equate to about 18 per cent of the UAE’s current demand, or enough to provide gas and water to 400,000 homes."



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