ADNOC Allocates 946 million Dollars for the Umm Shaif field

Abu Dhabi National Oil Corporation has signed a 946 million dollars contract for increasing oil production capacity at its offshore Umm Shaif field. The company intends to boost its oil production capacity from the current 4 million barrels per day to 5 million barrels per day by 2030.

A statement was released by ADNOC on 5th January announcing that the procurement, engineering, and construction contract was awarded to the National P....