The project is expected to unlock more than 600 million scfd of natural gas and associated gas liquids.
Moscow, July 21 – Neftegaz.RU. ADNOC is accelerating its integrated global gas growth strategy with a $6.2 billion final investment decision (
FID) to develop the Umm Shaif Gas Cap in Abu Dhabi alongside its international partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC).
The FID for Umm Shaif Gas Cap is the latest milestone in the company’s gas growth strategy and will unlock more than 600 million standard cubic feet per day (scfd) of natural gas and associated gas liquids, equivalent to almost 10% of the UAE’s current daily gas consumption. The investment will reinforce the UAE’s energy security and its role as a reliable global energy supplier. Production from the development is expected by 2030.
«The Umm Shaif Gas Cap FID is another important milestone in delivering this strategy and reinforcing ADNOC's position as a reliable gas supplier. Together with our international partners, we are building on decades of responsible stewardship of Abu Dhabi’s longest-operating offshore field to unlock lasting value for the UAE and our customers», said His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
The FID for Umm Shaif Gas Cap reinforces the UAE's reputation as a trusted destination for long-term global investment and follows the Supreme Council for Financial and Economic Affairs’ (SCFEA) award of the concession agreement for the Bab Gas Cap, which is expected to unlock an additional 1.5 billion scfd of natural gas and associated gas liquids. It also builds on ADNOC’s launch of a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), which is targeting 47 million tonnes per annum of combined marketable LNG capacity by 2035.
The FID includes three engineering, procurement and construction (
EPC) packages totaling $5.1 billion for large-scale offshore infrastructure awarded by ADNOC to consortiums including major UAE and international contractors. The development also includes a $365 million 14-well drilling and integrated drilling services program to be delivered by ADNOC Drilling over 18 months using three existing rigs.
