Oil in Dubai: History & timeline

* username: rupertbu

Dubai has approximately 4 billion barrels of oil in reserve and holds the second place in terms of oil reserves in the UAE. Dubai Petroleum Co (DPC) is the main operator in the emirate. Dubai’s oil production peaked in 1991 at 410,000 b/d and has been steadily declining ever since.

Dubai’s oil reserves have reduced over the past decade and are now expected to be exhausted within 20 years. The main fields are offshore: Fateh, Southwest Fateh and two smaller fields, Falah and Rashid. The only onshore deposit is the Margham field. Dubai Petroleum Company (DPC) is the main operator.

The production of condensate from the onshore Margham field is running at around 25,000 b/d. Margham, previously operated by Arco International Oil and Gas Company, is now run by the Dubai Margham Establishment, which is wholly owned by the Government of Dubai.

The government of Dubai owns the National Oil Company (ENOC), and this company handles the oil operations in Dubai, The Emirates Petroleum Products (EPCO) is associated with the ENOC, which distributes petroleum products to more than 125 distribution stations in Dubai and Northern Emirates.END