The Abu Dhabi National Oil Company reported this Thursday through the Emirates Herald, the discovery of oil deposits in different parts of that emirate, where the capital of the United Arab Emirates, Abu Dhabi, is also located.
According to the state company, the recent discoveries represent about 650 million barrels of oil. This includes around 500 million barrels discovered in Bu Hasa, considered the largest oil field in Abu Dhabi.
Likewise, another 100 million barrels were found in Block 3, which has been managed by the US company Occidental Petroleum Corporation since 2019, in addition to 50 million barrels in the Al Dhafra Oil Concession.
In February of this year, ADNOC had announced the discovery of around 59 million cubic meters of natural gas in the Block 2 Exploration Concession, which has been operated since 2019 by the Italian energy company Eni.
According to local media, ADNOC is in charge of oil production throughout the United Arab Emirates. Thus, it is currently investing in development projects with the aim of increasing crude oil production capacity to five million barrels per day by 2030.
As reported by the Emirates Herald news agency, the announcement was made by His Highness Sheikh Khaled bin Mohamed bin Zayed, a member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, when he chaired a meeting of the Executive Committee of ADNOC.
During the meeting, held at the ADNOC headquarters in Abu Dhabi, Sheikh Khaled also reviewed ADNOC’s performance and strategic goals.