Emirates News Agency - ADNOC invests close to $1 billion in long-term development of Umm Shaif Field
ABU DHABI, 5th January, 2022 (WAM) -- Abu Dhabi National Oil Company (ADNOC) announced today the award of a $946 million (AED3.47 billion) Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports ADNOC’s oil production capacity plans of five million barrels per day (mmbpd) by 2030 while ensuring energy security for the United Arab Emirates and partners around the world. The ‘Long-Term Development...
United Arab Emirates Umm Shaif Abuz Aby Ahmad Saqer Al Suwaidi Yaser Saeed Almazrouei Abu Dhabi National Oil Company
Source: wam.ae