ADNOC casts the die for gasoline project as FID seals course to trend

United Arab Emirates-headquartered power heavyweight Abu Dhabi Nationwide Oil Company (ADNOC) has set the pen to paper for its ambition to boost its natural gasoline arsenal within the UAE by propelling a gasoline project off the fly of Abu Dhabi into execution segment with a closing funding option (FID).

While announcing the FID for the SARB Deep Fuel trend contained within the Ghasha Concession offshore Abu Dhabi, ADNOC explains that the plot will bring 200 million regular cubic toes per day (scfd) of gasoline before the dwell of the final decade, adequate power to power more than 300,000 properties daily.

This project, described as technically superior trend, that also can just embed superior applied sciences and man made intelligence (AI), will be operated remotely from Arzanah Island, leveraging present infrastructure to maximize efficiency and gives a boost to safety. 

Located 120 kilometers offshore from Abu Dhabi, the gasoline project comprises a brand original offshore platform with four gasoline production wells, which connect with Das Island, where gasoline will be tied into ADNOC Fuel products and services for upstream medication, maximizing the mix with other ADNOC initiatives. 

Musabbeh Al Kaabi, ADNOC Upstream CEO, commented: “This strategic project contained within the Ghasha Concession reinforces the growth we’re making to completely free up Abu Dhabi’s world-class gasoline sources, supporting UAE gasoline self-sufficiency and strengthening the nation’s function as a legit exporter to global markets.

“The plot will leverage superior applied sciences and AI and maximizes synergies across ADNOC’s offshore infrastructure, unlocking efficiencies and mark.”

This FID comes after ADNOC, along with Eni and PTTEP, bought a structured financing transaction of as much as $11 billion (AED 40.4 billion) for the Hail and Ghasha bitter gasoline trend.