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Abu Dhabi's Energy Industry

Christophe SASSOLAS

President of Total E&P UAE and Total Country Chair for the UAE

TOTAL

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Abu Dhabi Energy Industry In Figures

UAE oil reserves97.8 billion barrels

UAE oil production3.67 million bopd

UAE gas reserves5.9 tcm

UAE gas production57 bcm

Abu Dhabi’s Energy Industry Growth

Abu Dhabi’s oil and gas industry has rapidly grown on the back of its substantial hydrocarbons potential. The UAE is among the top 10 nations by reserve size despite covering an area of only 84 thousand square kilometres. The Abu Dhabi National Oil Company (ADNOC) is responsible for nearly all the country’s oil and gas production. Given profits and royalties from its oil and gas industry, the country has traditionally poured high levels of investment into its greenfield projects to keep reserves and production on an even keel.

The oil and gas sector is the UAE’s economic axis, representing 40% of its GDP. However, the country has strongly pushed to diversify its economy through its Vision 2030 initiative, including building strong manufacturing and downstream sectors. While non-oil sectors are becoming a more prominent part of the country’s GDP, the hydrocarbons sector remains its key economic pillar and main enabler of diversification.

The UAE is also pushing the growth of renewables in its energy mix. The government has targeted 50% of its power generation coming from nuclear and renewables by 2050. “We now see advanced renewable energy sources increasingly growing their share of the energy mix,” H.E. Eng. Awaidha Murshed Ali Al Marar, chairman of the Abu Dhabi Department of Energy, told The Energy Year. “Nuclear energy is safer than most other sources when it comes to delivering reliable, steady, and stable energy. Its low carbon emissions make it a promising way forward to a cleaner, greener world.”

Abu Dhabi Energy Industry News and Articles

ADNOC sets blueprint to be net zero by 2050
NEWS
Abu Dhabi - November 29, 2022

ADNOC has put down a budget of USD 150 billion for the next five years to pursue having net zero carbon emissions by 2050 and…

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ADNOC Drilling receives first of three jackup rigs
NEWS
Abu Dhabi - November 25, 2022

Keppel Offshore & Marine has delivered the first of three jackup rigs to ADNOC Drilling in a USD 352-million deal, the offshore…

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ADNOC signs manufacturing deals worth $9.5 bln
NEWS
Abu Dhabi - November 04, 2022

ADNOC has signed agreements with 25 companies potentially worth USD $9.5 billion to stimulate local manufacturing and…

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UAE, USA sign deal targeting $100 bln for clean energy
NEWS
Abu Dhabi - November 03, 2022

The US and Emirati governments have signed a strategic partnership meant to spur USD 100 billion in investments in clean energy,…

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Abu Dhabi maps

Abu Dhabi Oil & Gas Concession Areas 2019

    ALL MAPS
    ADNOC signs MoU with Austria for LNG trade
    NEWS
    Abu Dhabi - October 28, 2022

    OMV has signed an MoU with ADNOC to explore LNG deliveries from the UAE to Austria, the Austrian integrated oil and gas company…

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    ADNOC financially seals $3.8-billion subsea transmission system
    NEWS
    UAE - September 20, 2022

    ADNOC and partners have financially closed a USD 3.8-billion agreement to build the MENA region’s first-of-its-kind subsea…

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    UAE’s TAQA sets new emissions targets
    NEWS
    Abu Dhabi - October 18, 2022

    Abu Dhabi’s oil and gas industry has rapidly grown on the back of its substantial hydrocarbons potential. The UAE is among the top 10 nations by reserve size despite…

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    ADNOC signs $1.5-million drilling contract
    NEWS
    Abu Dhabi - October 10, 2022

    Abu Dhabi’s oil and gas industry has rapidly grown on the back of its substantial hydrocarbons potential. The UAE is among the top 10 nations by reserve size despite…

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