As a close-out agreement was signed for long-held concessions in early 2014 and the government is looking for potential new partners for the development of its oil and gas fields, 2014 is expected to see a shake-up of Abu Dhabi’s hydrocarbons industry. The government is keen to boost gas production, requiring investment in the emirate’s challenging sour gas reservoirs. This means opportunities in the upstream sector for everyone from oil majors to engineering, procurement and construction (EPC) contractors. There are also likely to be opportunities for independents and smaller players as Abu Dhabi National Oil Company (ADNOC) looks to diversify and broaden the potential of the sector to maximise the emirate’s vast hydrocarbons wealth.
This chapter contains interviews with Abdulla Nasser Al Suwaidi, Director-General, ADNOC; and Khadem Al Qubaisi, Managing Director, International Petroleum Investment Company; as well as a viewpoint from Sultan Ahmed Al Jaber, UAE Minister of State, and CEO, Masdar.