50.24$US/1 Barrel
62.50$US/1 Barrel
57.90$US/1 Barrel
73.06$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
71.37$US/1 Barrel
71.22$US/1 Barrel
73.02$US/1 Barrel
56.89$US/1 Barrel
63.21$US/1 Barrel
55.28$US/1 Barrel
68.21$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
60.25$US/1 Barrel
65.25$US/1 Barrel
66.75$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
461.75$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
783.50$US/MT
SEATTLE (Oil Monster): The UAE-based Abu Dhabi National Oil Company (ADNOC) announced that it is all set to begin production operations at the Ras Al Sadr gas field located in Abu Dhabi. This is according to a report published by WAM- the country’s official news agency.
The development of the Ras Al Sadr gas field will be carried out a joint venture operation between ADNOC, JODCO-a subsidiary of INPEX, which is one of the largest oil and gas exploration and production companies in Japan.
Commenting on the development, Abdulmunim Saif Al Kindy, ADNOC upstream executive director noted that the successful restart of operations in the Ras Al Sadr field demonstrates the ongoing commitment of the company in setting new industry standards. He recalled that the first well at Ras Al Sadr had marked the beginning of Abu Dhabi’s oil industry, which has been instrumental in contributing big to the nation’s economy and progress.
The Ras Al Sadr gas field is set to produce up to 100 million standard cubic feet (mmscf) per day. The production is expected to further ramp up by 2026, thus contributing to rising global gas demand. In addition to natural gas, the Ras Al Sadr field will also contribute to crude oil production.
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