Adnoc Eyes Al-Nouf Capacity Hike

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Abu Dhabi National Oil Co. (Adnoc) plans to spend $187 million to raise production capacity by around 10% at its onshore Al-Nouf oil field as part of its broader capacity expansion plans. Adnoc said capacity at the field would be raised to 175,000 b/d by 2024 from 160,000 b/d now. An additional 20 wells will be drilled and water and gas injection facilities for enhanced oil recovery will be expanded. "The investment will unlock even greater value from the maturing field and will contribute to achieving Adnoc's 5 million b/d oil production capacity target by 2030," the company said on Tuesday. The engineering, procurement and construction (EPC) contract to carry out the works over a period of 39 months was awarded to Robt. Stone (ME) by Adnoc Onshore. At least 75% of its value will be reinvested in the local economy under Adnoc's in-country value program. Al-Nouf, previously known as Al-Dabbiya, is located roughly 85 km southwest of Abu Dhabi and has been producing since 2005. The discovery of 2 billion bbl of conventional oil reserves in Abu Dhabi late last year was partly the result of appraisal activity at the Al-Nouf field, Adnoc said in November (IOD Nov.23'20).

Wanda Ad #2 (article footer)
Nigeria's new president has abolished the country's gasoline subsidy and pledged to end crude swaps used to supply fuel to the domestic market.
Tue, Jun 6, 2023