ADNOC announces $150bn investment plan for 2026–30

Abu Dhabi National Oil Company (ADNOC) has outlined a $150bn (Dh550.88bn) concern program betwixt 2026 and 2030, aiming to prolong existent operations, grow maturation and code worldwide vigor requirements.

The concern program was discussed during the company's yearly Board of Directors meeting, chaired by United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan successful Abu Dhabi.

The gathering took spot successful the operations power country managed by Adnoc Gas, which is said to present 60% of the UAE’s earthy state needs for vigor and concern sectors.

The committee welcomed ADNOC's updated lipid reserves, which present basal astatine 120 cardinal banal vessel barrels (bstb), an summation from 113bstb, and earthy state reserves of 297 trillion modular cubic feet (tscf), up from 290tscf.

ADNOC is said to person been attracting caller planetary partners to unconventional exploration concessions, aiming to accelerate development, heighten state self-sufficiency successful the Gulf authorities and conscionable the rising request for state globally.

The unconventional resources of Abu Dhabi, requiring precocious extraction techniques, are estimated astatine 160tscf of state and 22bstb of oil.

ADNOC noted that the endeavor worth of its planetary concern division, XRG, has grown to $151bn from astir $80bn since its motorboat successful November 2024.

ADNOC has made caller lipid and state discoveries amounting to much than 1.2 cardinal barrels of lipid equivalent (bboe).

These findings were achieved utilizing precocious technologies specified arsenic the “world’s largest three-dimensional (3D) seismic survey” and AI-powered information interpretation, which person helped place antecedently inaccessible geological formations.

The ADNOC committee has announced the support of the enactment of Adnoc Ghasha, a caller operating institution for the Ghasha concession, which comprises the Hail, SARB, Ghasha, Dalma and Nasr fields.

This concession is expected to make 1.8 cardinal modular cubic feet of state and 150,000 barrels per time of lipid and condensates.

ADNOC said that operation of the Hail and Ghasha megaproject, a cardinal improvement successful the Ghasha concession, is advancing.

Recently, Adnoc Gas announced nett income of $1.34bn for the 3rd 4th of 2025 (Q3 2025), its highest-ever Q3 nett income.

This effect represents an 8% summation compared to the aforesaid play successful the erstwhile year.

"ADNOC announces $150bn concern program for 2026–30" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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