Energy
From The Report: Abu Dhabi 2019
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Abu Dhabi has one of the world’s largest and most developed hydrocarbons industries, benefitting from its substantial resources and openness to international investment. Building on decades of steady growth and development, the sector is undertaking a shift. The drive to diversify has resulted in higher levels of investment in both non-conventional hydrocarbons and downstream capacity, and increased participation from a widening range of global partners. This chapter contains interviews with Sultan Al Jaber, UAE Minister of State; and Group CEO, Abu Dhabi National Oil Company; and Awaidha Murshed Al Marar, Chairman, Department of Energy.
Articles from this Chapter
Step change: The emirate is investing in new partnerships and downstream development to unlock the value of its resources
Fuelling development: Sultan Al Jaber, UAE Minister of State; and Group CEO, Abu Dhabi National Oil Company (ADNOC), on new adaptive strategiesOBGplus
Interview: Sultan Al Jaber How have the shifting trends in global energy demand impacted ADNOC’s business model? SULTAN AL JABER: Global demand for energy continues to grow, but the demand dynamic is shifting from west to east. By 2040 non-OECD countries are set to account for over 70% of global demand, adding almost the equivalent current energy use of North America and Europe combined. A significant driver of this increased demand is the petrochemicals segment, which is set to expand by 60%…
Resource security: Awaidha Murshed Al Marar, Chairman, Department of Energy (DoE), on increasing the contribution of renewablesOBGplus
Interview :Awaidha Murshed Al Marar What are Abu Dhabi’s renewable energy generation goals, and how will these be met? AWAIDHA MURSHED AL MARAR: The emirate is currently working towards its goal to have 7% of total generation come from renewable sources by 2020. Due to record low prices of energy generated by solar photovoltaic (PV) systems, this is already one of the cheapest energy options for the emirate. All current generation planning studies include a large amount of PV capacity that…
Breaking new ground: ADNOC launches first competitive exploration tenderOBGplus
In April 2018 Sultan Al Jaber, UAE Minister of State and group CEO of Abu Dhabi National Oil Company (ADNOC), announced the launch of Abu Dhabi’s first competitive tender for partners to participate in the exploration and development of oil and gas. The move is likely to pave the way for further open tenders, as the emirate looks to boost production, open the sector to a broader range of international companies, and gain access to technology and expertise from around the globe. Furthermore, a…
Beneath the waves: Through new partnerships in offshore concessions, the emirate is deepening ties with key marketsOBGplus
During 2018 Abu Dhabi National Oil Company (ADNOC) has been working to restructure the offshore concessions once operated by Abu Dhabi Marine Operating Company (ADMA). The ADMA assets have been divided into three groups: Lower Zakum, Umm Shaif and Nasr, and Sateh Al Razboot (SARB) and Umm Lulu. A 40% interest in each concession has been awarded to a variety of outside partners, which include rapidly growing emerging market players, long-standing international partners and a subsidiary of the Abu…
A strategic priority: ADNOC taps unconventional and sour gas reserves to support energy security targetsOBGplus
Increasing gas production has been one of the most significant trends in Abu Dhabi’s energy sector over the past decade. Since 2010 annual production has increased by nearly 50% to 3.1trn standard cu feet (scf) in 2017, according to Statistics Centre - Abu Dhabi. The trend reflects the emirate’s increasing efforts to increase the extraction of gas from a range of sources and prioritise the segment for investment. Gas-fired power plants supply the lion’s share of Abu Dhabi’s electricity,…
Adding value: Petrochemicals are integral to downstream development plansOBGplus
Over the next five years Abu Dhabi National Oil Company (ADNOC), already one of the world’s biggest energy companies, plans to invest $45bn to become a global leader in the downstream segment, as part of its 2030 growth strategy. Central to this is the development of the Ruwais complex into the world’s largest integrated refining and chemicals site, a project that accounts for more than 40% of ADNOC’s capital expenditure budget. Particularly given ongoing investment in hugely capital-intensive…
In-country opportunities: New rules aim to unlock greater value from hydrocarbons investment and strengthen local supply chainsOBGplus
For decades, Abu Dhabi National Oil Company (ADNOC) has been a catalyst for growth and development, due to its oversight of the emirate’s vast hydrocarbons resources. This role is now being strengthened by the company’s in-country value (ICV) programme, which is designed to boost domestic product and service suppliers, create highly-skilled jobs for Emiratis, keep more value from ADNOC’s huge investments within the country and strengthen local supply chains. In 2018, its first year of operation,…
