ADNOC plans gas investments

ADNOC plans to invest USD 20 billion to develop the Hail, Ghasha, Delma, Nasr and Shuwaihat gasfields, with potential production of 34 mcm [1.2 bcf] per day, Sultan Al Jaber, ADNOC’s CEO and UAE minister of state, told The National Monday.

The tender process for Hail and Ghasha as well as Dalma fields has begun, and FEED studies are expected by the end of 2017. ADNOC is also looking to increase output from the Shah field to 42.5 mcm [1.5 bcf] per day and find a profitable way to develop the Bab and Buhasa sour gasfields. The NOC has been working with Occidental Petroleum and OMV since 2016 on sour gas development.

No timeline for all these projects was specified, but estimates for implementation range from three to four years.

Abu Dhabi looks to benefit from its vast gas reserves – 6.1 tcm (215 tcf) of proven gas reserves – through large-scale gas projects to meet domestic supply. ADNOC steers the development of gas production and processing facilities through the subsidiaries Al Hosn Gas and Abu Dhabi Gas Industries (GASCO). GASCO, producing 155,760 cubic metres (5.5 mcf) and 265,000 barrels of condensate per day, is one of the biggest gas companies in the world.