The Abu Dhabi National Oil Company (ADNOC) plans to increase the productivity of its Upper Zakum field by 250,000 barrels per day (bpd) to 750,000 bpd. Managed by the Zakum Development Company (ZADCO), Zakum is one of the largest oil fields in the world, located in the Abu Dhabi offshore.
Established in 1971, ADNOC is a state-owned company operating in all areas of the oil and gas industry. ADNOC supervised by the country’s Supreme Petroleum Council (SPC), which sets the country’s oil related policy and oversees the operations of the oil, gas and related industries.
The company has broadened its activities through different subsidiaries in exploration and production, support services to oil and gas industry, oil refining and gas processing, chemicals and petrochemicals, maritime transportation and refined products and distribution.
The ADNOC subsidiary ZADCO was established in 1977 to develop and operate the Upper Zakum Field on behalf of ADNOC and the Japan Oil Development Company (JODCO). Besides Upper Zakum, the company currently manages the Umm Al-Dalkh, and Satah fields. Crude oil from Upper Zakum, Umm Al-Dalkh and Satah is pumped via pipelines to Zirku Island for further processing, storage and to be exported. — (menareport.com)
© 2002 Mena Report (www.menareport.com )