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ADNOC aims for 380,000 bo/d production boost
Abu Dhabi National Oil Co. started two big projects that will increase production by 380,000 bo/d. The bigger of the two is expansion of Upper Zakum Field to 1.0 MMbo/d by 2024, a 350,000-bo/d increase from the 650,000 bo/d that Upper Zakum now produces. Assisting ADNOC will be ExxonMobil and Inpex, which together secured a 10-year concession extension for their respective 28% and 12% stakes to 2051.Previously, ADNOC and its partners had adopted a plan to increase......
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