The UAE’ s oil and gas industry requires qualified and competitive contractors in the maintenance and construction sector. TOGY talks to head of engineering of Descon…
READ MOREAbu Dhabi's Energy Industry
Christophe SASSOLAS
President of Total E&P UAE and Total Country Chair for the UAE
TOTAL
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
Tareq Qaddumi, CEO of SPETCO, talks about developing novel solutions for gas processing and expansion plans in Kuwait’s…
READ MOREThe Kuwait Authority for Partnership Projects has invited bids for the development and operation of the IWPP for Al Zour North.
READ MOREFaisal Malallah of Al Kout Industrial Projects talks about Kuwait's market for chemical products.
READ MOREADNOC has formally closed the acquisition of a key 24.9% stake in OMV AG, a global energy and chemicals group, from Abu Dhabi…
READ MOREDP World and Masdar have agreed to partner on exploring and implementing renewable energy systems at DP World's ports.
READ MOREChinedu Maduakoh of Topline talks about the narrative surrounding the Nigerian energy industry.
READ MOREOMV signed an evaluation agreement with Abu Dhabi National Oil Company (ADNOC) and Occidental Petroleum on Sunday for offshore oil- and gasfields in the northwestern…
READ MOREJosé Pereira, country representative of Partex Oil and Gas, talks to TOGY about Abu Dhabi’s efforts to meet the rising demand for natural gas and the development of…
READ MOREOPEC secretary-general Abdalla Salem El Badri talks to TOGY about how member countries can remain competitive in the current market climate of continuing oil price…
READ MORETotal UAE exploration and production president Hatem Nuseibeh speaks to TOGY about changing concession agreements and increasing recovery factor goals. In January 2014,…
READ MOREColin Ferguson, general manager of DOF Subsea Angola, talks to TOGY about the impact of low oil prices and ways for the country to improve its hydrocarbons-related…
READ MOREEnergy Minister Suhail bin Mohammed Al Mazrouei has reiterated the need for major producers to reach a consensus on how to balance the world’s oil market. Speaking on…
READ MORETOGY speaks to Musabbeh Al Kaabi, CEO of Mubadala Petroleum, about the merits of partnerships between operators in upstream activities and the future of unconventional…
READ MORERamboll Oil & Gas’ Abu Dhabi branch director, Jesper Thomsen, talks to TOGY about the emirate’s brownfield environment and future opportunities in decommissioning…
READ MOREArif Arikat, CEO for the group’s Al Ghaith Oilfield Supplies and Services Company, talks to TOGY about new foreign entrants in Abu Dhabi and the emirate’s policy on…
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