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UAE: ADNOC invests close to USD1 billion in the long term development of Umm Shaif field

ADNOC has announced the award of a $946 million 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 by 2030.
United Arab Emirates Umm Shaif Abuz Aby Yaser Saeed Almazrouei Abu Dhabi National Oil Company Term Development Plan

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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

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