Slew Of New Discoveries Brings UAE Closer To Production Goals

At a time that global oil markets are worried about a demand-supply crunch, especially when looking at low spare production capacity and divestments of IOCs, Abu Dhabi’s oil and gas giant ADNOC once again is showing its future power.  The national oil company, led by Sultan Al Jabr, announced that it has made three new crude oil discoveries during an ADNOC executive committee meeting. ADNOC reported that the largest discovery was made at the known Bu Hasa onshore oilfield, which is a part of the ADNOC onshore concession. At present,…