The United Arab Emirates (UAE) announced on Feb. 3 a new gas find with 80 trillion standard cubic feet (Tscf) of shallow gas resources, a discovery that could help the country’s goal to achieve gas self-sufficiency.
Abu Dhabi National Oil Co. (ADNOC) and Dubai Supply Authority (DUSUP) have signed an agreement “to continue to explore and develop the shallow gas resources in this area in a joint project named ‘Jebel Ali,’” ADNOC said in a statement.
The find was made within an area of 5,000 sq km between Abu Dhabi and Dubai, with ADNOC drilling more than 10 exploration and appraisal wells.
The gas produced will be supplied to DUSUP to support Dubai’s economic growth and enhance its energy security, according to the statement.
ADNOC, the top national energy company of the UAE, a key member of OPEC, produces about 3 million barrels of oil and 10.5 billion cubic feet of raw gas a day.
The UAE wants to achieve gas self-sufficiency and possibly become a net gas exporter.
The country holds the seventh-largest proven reserves of natural gas in the world, at slightly more than 215 Tscf, according to the U.S. Department of Energy.
Last year, the UAE announced a rise in oil and gas reserves as well as new unconventional gas discoveries in the emirate of Abu Dhabi. That boost would move the UAE to sixth place in the global gas rankings with 273 Tscf of conventional gas.
The UAE became a net gas importer in 2008 due to growing demand for power and as it needed gas to reinject into its oilfields to enhance crude production. It has been importing gas from Qatar via the Dolphin Gas pipeline.
Recommended Reading
Hess Midstream Announces 10 Million Share Secondary Offering
2024-02-07 - Global Infrastructure Partners, a Hess Midstream affiliate, will act as the selling shareholder and Hess Midstream will not receive proceeds from the public offering of shares.
Plains All American Names Michelle Podavin Midstream Canada President
2024-03-05 - Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.
Matador Completes NatGas Connections in Delaware Basin
2024-03-25 - Matador Resources completed natural gas pipeline connections between Pronto Midstream to San Mateo Midstream and to Matador’s acreage in the Delaware Basin.
Hess Midstream Subsidiary to Buy Back $100MM of Class B Units
2024-03-13 - Hess Midstream subsidiary Hess Midstream Operations will repurchase approximately 2 million Class B units equal to 1.2% of the company.
Kinetik Holdings Enters Agreement to Pay Debt
2024-04-04 - Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.