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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

Kuwait tenders Al Zour North IWPP contract
NEWS
Kuwait tenders Al Zour North IWPP contract
Kuwait - April 02, 2024

The Kuwait Authority for Partnership Projects has invited bids for the development and operation of the IWPP for Al Zour North.

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ADNOC signs 15-year LNG supply deal with Germany’s SEFE
NEWS
ADNOC signs 15-year LNG supply deal with Germany’s SEFE
UAE - March 19, 2024

ADNOC and German midstream energy company SEFE have signed a 15-year LNG supply deal.

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Abu Dhabi reports

More reports
Growth through diversification in the chemicals sector t_Faisal-MALALLAH
Interview
Growth through diversification in Kuwait’s chemicals sector
Kuwait - March 12, 2024

Faisal Malallah of Al Kout Industrial Projects talks about Kuwait's market for chemical products.

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ADNOC closes acquisition of 24.9% stake in OMV
NEWS
ADNOC closes acquisition of 24.9% stake in OMV
UAE - March 01, 2024

ADNOC has formally closed the acquisition of a key 24.9% stake in OMV AG, a global energy and chemicals group, from Abu Dhabi…

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Abu Dhabi maps

Abu Dhabi Oil & Gas Concession Areas 2019

    ALL MAPS
    DP World, Masdar partner on renewables for ports
    NEWS
    DP World, Masdar partner on renewables for ports
    UAE - February 26, 2024

    DP World and Masdar have agreed to partner on exploring and implementing renewable energy systems at DP World's ports.

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    Interview
    The narrative around Nigerian energy
    Nigeria - April 03, 2023

    Chinedu Maduakoh of Topline talks about the narrative surrounding the Nigerian energy industry.

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    ADNOC acquires two jackup rigs
    NEWS
    ADNOC acquires two jackup rigs
    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 national drilling company announced on…

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    ADNOC awards FEED works for LNG project
    NEWS
    ADNOC awards FEED works for LNG project
    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 the Fujairah LNG project in the UAE, the…

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

    Schlumberger has signed a contract with Emeriti NOC Saudi Aramco for integrated drilling and well construction services on a gas drilling project, the American…

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

    Abu Dhabi National Oil Company has awarded a USD 227-million contract to local EPC and infrastructure contractor Robt.Stone for EOR works on its onshore Bab field, the…

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