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Abu Dhabi's Energy Industry

Abu Dhabi

Abu Dhabi Energy Industry In Figures

UAE oil reserves97.8 billion barrels

UAE oil production3.66 million bopd

UAE gas reserves5.9 tcm

UAE gas production55.4 bcm

Abu Dhabi: Reform and New Partnerships

Abu Dhabi, the largest of the seven emirates, holds total proven reserves of 92.2 billion barrels of oil, making the UAE among the top 10 nations by reserves size. The Abu Dhabi National Oil Company (ADNOC) is responsible for nearly all of its oil and gas production, which stand at close to 4 million bopd and 277.5 mcm (9.8 bcf) per day.

Oil and gas has been the UAE’s economic axis, representing 40% of its GDP over the last decade. Yet the country is pushing to diversify its economy, building a strong manufacturing sector where metal processing (i.e. aluminium) and chemicals (i.e. fertilisers) have been important areas of growth. This is part of the UAE’s “Vision 2030,” which aims to reinforce non-oil sectors. However, oil still represents around 30% of the country’s exports.

The Energy Year Abu Dhabi 2021 is currently in production, and will provide comprehensive insights on the full scope of the country’s energy industry. Our last report, The Oil & Gas Year Abu Dhabi 2019, is the most up-to-date investment guide on the country’s hydrocarbons industry.  It was produced and published in partnership with the Ministry of Energy and ADNOC.

Abu Dhabi Energy Industry News and Articles

Seadrill pens $361-mln extensions for offshore rigs
NEWS
Abu Dhabi - June 30, 2022

Seadrill has been awarded contract extensions for its three offshore rigs by Emirati NOC Saudi Aramco for work on the Arabian…

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ADNOC acquires two jackup rigs
NEWS
Abu Dhabi - May 31, 2022

ADNOC Drilling has signed a sale and purchase agreement with Well Target Five and Well Target Six for two jackup rigs, the…

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Worley joins Borouge development in the UAE
NEWS
UAE - May 30, 2022

Worley has signed a contract with Borouge 4 to provide project management consultancy for the fourth expansion of its integrated…

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ADNOC, Masdar and BP partner to explore hydrogen
NEWS
UAE - May 25, 2022

ADNOC and Emirati renewables company Masdar have signed strategic partnerships with BP for development of hydrogen related…

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Abu Dhabi maps

Abu Dhabi Oil & Gas Concession Areas 2019

    ALL MAPS
    ADNOC awards FEED works for LNG project
    NEWS
    Abu Dhabi - May 12, 2022

    Houston-based engineering company McDermott has been chosen by Abu Dhabi National Oil Company (ADNOC) to perform FEED works on…

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    Adnoc spends $1.94 bln on upping production
    NEWS
    Abu Dhabi - February 18, 2022

    Abu Dhabi National Oil Company has signed framework agreements worth USD 1.94 billion for drilling equipment and services on…

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    Saudi Aramco awards gas drilling works
    NEWS
    Abu Dhabi - March 16, 2022

    Abu Dhabi, the largest of the seven emirates, holds total proven reserves of 92.2 billion barrels of oil, making the UAE among the top 10 nations by reserves size. The…

    READ MORE
    Adnoc awards $227-million EOR contract
    NEWS
    Abu Dhabi - March 09, 2022

    Abu Dhabi, the largest of the seven emirates, holds total proven reserves of 92.2 billion barrels of oil, making the UAE among the top 10 nations by reserves size. The…

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