Logistics Gulf News
Subscription
Advertise
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Events
    • LIL KSA Summit 2025
    • Transit ME 2025
    • LIL Awards UAE 2024
    • LIL KSA Summit 2024
    • LIL Awards UAE 2023
    • LIL Summit KSA 2023
    • LIL Awards UAE 2022
No Result
View All Result
LogisticsGulfNews.com
No Result
View All Result
solitairholding solitairholding solitairholding

ADNOC Invests US$ 946mn in the long-term development of Umm Shaif Field

by Saee Joshi
April 20, 2023
in News

Investment supports ADNOC’s production capacity plans of 5mn bpd by 2030

ADNOC HQ

Abu Dhabi National Oil Company (ADNOC) recently announced the awarding of a US$ 946mn (AED 3.47bn) Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports ADNOC’s oil production capacity plans of five million barrels per day (mn bpd) by 2030 while ensuring energy security for the United Arab Emirates (UAE) and partners around the world.

The ‘Long-Term Development Plan – Phase 1’ (LTDP-1) EPC contract was awarded by ADNOC Offshore to National Petroleum Construction Company (NPCC) after a competitive tender process.

The scope of the award covers engineering, procurement, fabrication, installation and commissioning activities required to maintain Umm Shaif’s 275,000 barrels per day (mbd) crude oil production capacity, increase efficiencies and enhance the field’s long-term potential.

Significantly, over 75% of the total award value will flow back into the UAE economy under ADNOC’s In-Country Value (ICV) program, ensuring that more economic value remains in the country from the contracts it awards.

 “This important awarding for the long-term development of ADNOC’s pioneer offshore Umm Shaif field will maximize efficiencies while maintaining future output and supporting ADNOC’s strategic objective of five million barrels of oil production capacity a day by 2030,” remarked Yaser Saeed Almazrouei, Upstream Executive Director, ADNOC.  “This contract is an important contributor to ADNOC Offshore’s plans as we build our production capacity to over 2 million barrels a day in the coming years in support of ADNOC’s smart growth strategy,” commented Ahmad Saqer Al Suwaidi, CEO, ADNOC Offshore.

Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!

Tags: energyLSPMOU
ShareTweetShareSend

Related Posts

JIMMY Makes Grand Entry into the UAE with AMIT Retail LLC as Exclusive Partner
News

JIMMY Makes Grand Entry into the UAE with AMIT Retail LLC as Exclusive Partner

May 20, 2025
EtihadWE Appoints First Chief People Officer (CPO)
News

EtihadWE Appoints First Chief People Officer (CPO)

May 6, 2025
Mohammad Sleiman Appointed CEO of Basatne Group MENA to Spearhead Regional Circular Economy Leadership
News

Mohammad Sleiman Appointed CEO of Basatne Group MENA to Spearhead Regional Circular Economy Leadership

April 28, 2025
7X appoints Tariq Al Wahedi as Group CEO to Lead Next Phase of Growth
News

7X appoints Tariq Al Wahedi as Group CEO to Lead Next Phase of Growth

April 6, 2025
Please login to join discussion

Search

No Result
View All Result

Recent News

Khaled bin Mohamed bin Zayed Tours AD Ports Group’s Abu Dhabi Maritime Academy

Khaled bin Mohamed bin Zayed Tours AD Ports Group’s Abu Dhabi Maritime Academy

June 18, 2025
Yango Tech to let businesses boost their products in AI chatbots with GenAI Platform

Yango Tech to let businesses boost their products in AI chatbots with GenAI Platform

June 16, 2025
DHL Group to Invest more than EUR 500 million in Fast-Growing Markets in the Middle East  

DHL Group to Invest more than EUR 500 million in Fast-Growing Markets in the Middle East  

June 13, 2025

LogisticsGulfNews.com, the niche media portal designed for the industry, is deeply committed to representing, serving and promoting the interests of the logistics and supply chain businesses in the region

Recent News

  • Khaled bin Mohamed bin Zayed Tours AD Ports Group’s Abu Dhabi Maritime Academy
  • Yango Tech to let businesses boost their products in AI chatbots with GenAI Platform
  • DHL Group to Invest more than EUR 500 million in Fast-Growing Markets in the Middle East  

Contact Us

For Editorial Opportunities
editor@logisticsgulfnews.com

For Advertising Opportunities
info@logisticsgulfnews.com

AARYA Media FZC LLC
A- 5805-189, Business Club
Ajman Media City.
P.O Box 29127
Phone: +971 4 368 8464
Ajman- United Arab Emirates

  • About Us
  • Advertise
  • Subscription
  • Contact Us

©️ 2021 Logistics Gulf News. All rights reserved

No Result
View All Result
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Events
    • LIL KSA Summit 2025
    • Transit ME 2025
    • LIL Awards UAE 2024
    • LIL KSA Summit 2024
    • LIL Awards UAE 2023
    • LIL Summit KSA 2023
    • LIL Awards UAE 2022

©️ 2021 Logistics Gulf News. All rights reserved