Adnoc is accelerating its integrated global gas growth strategy with a $6.2 billion (AED22.6 billion) final investment decision (FID) to develop the Umm Shaif Gas Cap in Abu Dhabi alongside its international partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC).

The UAE holds the seventh-largest gas reserves in the world.

As global demand for reliable, lower-carbon energy continues to grow, Adnoc is unlocking more of the nation’s gas resources and expanding its liquefied natural gas (LNG) portfolio to meet the needs of its domestic and international customers and power industrial and artificial intelligence (AI) infrastructure growth. 

The FID for Umm Shaif Gas Cap is the latest milestone in the company’s gas growth strategy and will unlock more than 600 million standard cu ft per day (scfd) of natural gas and associated gas liquids, equivalent to almost 10 per cent of the UAE’s current daily gas consumption.

The investment will reinforce the UAE’s energy security and its role as a reliable global energy supplier. 

It also builds on Adnoc’s launch of a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), which is targeting 47 million tonnes per annum of combined marketable LNG capacity by 2035.

The FID includes three engineering, procurement and construction (EPC) packages totalling $5.1 billion for large-scale offshore infrastructure awarded by Adnoc to consortiums including major UAE and international contractors.

The development also includes a $365 million 14-well drilling and integrated drilling services program to be delivered by Adnoc Drilling over 18 months using three existing rigs.

Production from the development is expected by 2030.