Adnoc Pushes Forward Where Others Pull Back

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  • Abu Dhabi National Oil Co. (Adnoc) is accelerating plans to develop its hydrocarbon wealth, bringing forward a 5 million b/d production target by at least three years.

  • The state oil giant is understood to be exploring a major expansion at the giant Upper Zakum oil field, potentially making it one of the largest projects of its kind.

  • An expansion at Upper Zakum would likely mean another extension to the concession for Adnoc's partners Exxon Mobil and Inpex.

The Issue

NOCs, Majors, Conventional Oil and Gas, Upstream Projects, Offshore Oil and Gas
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