ADNOC unveils the details of its gas strategy

Abu Dhabi (Al Ittihad)

The National Oil Company of Abu Dhabi (ADNOC) has reviewed the overall gas strategy adopted by the Supreme Petroleum Council on Nov. 4. This strategy aims to develop new gas resources allowing the UAE to achieve self-sufficiency and become a source.
During its meeting, the Supreme Council of the Petroleum Industry announced new gas discoveries with a total value of 15 trillion cubic feet.
The company presented its strategy to 800 senior officials from the global oil and gas sector participating in ADIPEC at a forum on gas, refining and petrochemicals.
"The Gas, Refining and Petrochemical Forum has provided an ideal opportunity for world leaders in oil and gas to identify the ADNOC in terms of expanding exploration, development and production of gas and increase its supply of commercially viable gas, "said Abdul Munim Saif Al Kindi, director of exploration, development and production at ADNOC. Close to ADNOC's global gas strategy and progress in implementing its ambitious plans for expansion and growth in the refining and petrochemical sectors. "

Big investments
"ADNOC intends to make significant investments to develop Abu Dhabi's gas resources on a commercial basis, to achieve self-sufficiency in gas and become a potential source." ADNOC is also the one of the world leaders in gas, refining and petrochemicals and strengthens the position of the United Arab Emirates and Abu Dhabi as a hub for all phases of the global refining and petrochemical industry. "
ADNOC's global gas strategy allows, for the first time in its history, to exploit Abu Dhabi's gas resources on a commercial basis.
According to this new strategy, ADNOC will develop the megaproject Al Hill, Ghasha and Dalma deposits located in the Arabian Rock formation in Abu Dhabi, which should contain several trillion cubic feet of recoverable gas. More than 1.5 billion cubic feet of gas per day in the middle of the next decade.
ADNOC also seeks to exploit other gas resources, including gas blankets and unconventional gas reservoirs in Abu Dhabi, as well as new natural gas accumulations that will continue to be assessed and developed during that the company will continue its exploration activities.
Unconventional gas resources are expected to produce 1 billion standard cubic feet of gas per day by 2030, while gas capsule development is expected to produce an additional 500,000 cubic feet of gas per day by 2030, from the Umm El Sheef gas cover.

Six zones
The historic decision by the Abu Dhabi government to offer six regions for the exploration, development and production of oil and gas through competitive bidding is expected to identify large quantities additional hydrocarbon resources, which are estimated to contain billions of cubic feet of gas.
ADNOC announced last Sunday that it has signed a concession agreement with the French group Total, which acquired a 40% stake in the Al-Thiab non-traditional basin concession in Ruwais. Under the terms of this agreement, Total will explore, evaluate and develop unconventional gas resources in the concession area.
ADNOC announced Tuesday the signing of another concession contract with the Italian company Eni, in which the latter acquired a 25% stake in the Gasha concession, which includes the fields of Al Hill, Gasha, Dalma and other offshore fields.
ADNOC's new global gas strategy will enable it to maintain its LNG production by 2040 and take advantage of opportunities arising from the evolution of supply, demand and energy mix in the UAE to upgrade gas and its uses in petrochemical production.
The new gas strategy will allow ADNOC to further leverage the global expansion of liquefied natural gas (LNG) trade, due to the important role that Asian markets will play in the growing demand for LNG.
ADNOC signed on Monday a framework agreement with Saudi Aramco to evaluate investment opportunities in all phases of the LNG business, which can increase the value and increase the revenues of both companies, as well cooperation in technical and economic feasibility studies and the exchange of knowledge and practical experience on LNG growth markets.

Refinery and petrochemical strategy
During the forum, ADNOC reviewed progress made in implementing the refining and petrochemical strategy, which was unveiled earlier this year while ADNOC announced a plan to invest 165 billion dirhams in this area to help double the capacity of the company, from petrochemicals to three times, to 14.4 million tonnes. Each year by 2025, ADNOC also plans to build the largest integrated refinery and petrochemical complex in the world at a site in Ruwais, which will enable it to maximize the value of each barrel of oil produced.
Abdul Aziz Al-Hajri, Director of ADNOC Gas, Refining and Petrochemicals, said: "We are accelerating the pace of implementation of raw material facilities, integrating petrochemical facilities, the Ruwais Petrochemical Complex. , the Ruwais industrial complex and all major initiatives Develop significantly the activities of refining and petrochemicals of ADNOC At the same time, we continue our efforts to establish long-term partnerships, allowing investors and partners to have access to opportunities in all activities, while seeking to add value to every barrel of crude oil and natural gas we produce. "
Participants also acknowledged the significant progress made in the implementation of several key projects such as the new polypropylene plant, which will add 480,000 tonnes of polymers per year. They were briefed on the latest developments in the raw material processing project, the raw material cracker, which is expected to produce 1.8 million tonnes per year of ethylene and derived products.
In recent weeks, ADNOC has launched the propane dehydrogenation unit for the production of propylene (PDH) and the operation of the production unit of high quality carbon black, allowing ADNOC to shoot more from each barrel produced.
As part of its overall strategy for gas, ADNOC intends to make several investments in gas, refining and petrochemicals in order to reach high growth markets around the world, as well as the creation of an industrial system. in Ruwais, including a complex of petrochemicals and derivatives, to form a center for the establishment of several petrochemical manufacturing units. A wide range of petrochemical production materials is used in the manufacture of various products.

added value
These projects make a significant contribution to increasing local value-added, private sector growth and the creation of new skilled jobs.
ADNOC also plans to strengthen its presence in the fields of gas, refining and petrochemicals through the implementation of strategic investments at the global level.
Earlier this year, ADNOC signed an agreement with Saudi Aramco and a consortium of Indian oil companies to explore strategic partnership opportunities and investment in the construction of a giant oil refinery and of a petrochemical complex in the region of Ratnagiri on the west coast of India, valued at $ 44 billion. ADNOC also announced yesterday a master agreement with Mubadala Investment Company, the government's investment arm of Abu Dhabi, to explore growth opportunities in the global refining, gas and gas industries. petrochemicals.
Abdul Munim Al Kindi, Director of Exploration, Development and Production, ADNOC, Abdul Aziz Al Hajri, Director of Gas, Refining and Petrochemicals, ADNOC, Fatima Al Nuaimi, Acting CEO of ADNOC LNG, and Abdullah Attia Al Musabi, Department of Gas, Refining and Petrochemistry at ADNOC.