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Abu Dhabi is pushing forward with its delayed plans to raise capacity to 3.5mn b/d by late this decade. Offshore fields will provide the key boost. But the award of an onshore ADCO concession has also been pushed back.
The Abu Dhabi Marine Operating Company (ADMA-OPCO) has started initial production from the offshore Umm Lulu field, which will add 105,000 b/d to the UAE’s oil production capacity when fully developed in 2018. Umm Lulu is the first greenfield project to come on in Abu Dhabi for some time.
The state-owned WAM news agency said Umm Lulu began producing in early October at a rate of 5,000 b/d, rising to 22,000 b/d by the end of 2015. The Abu Dhabi National Oil Company (ADNOC) controls 60% of ADMA-OPCO, the remainder is owned by BP (14%), Total (13%) and Japan’s JODCO (12%). The concession expires in 2018, just as Umm Lulu production is expected to reach full capacity. (CONTINUED - 1616 WORDS)