Al Dhafra Petroleum is producing crude oil for the first time since it was established in 2014
Al Dhafra Petroleum has announced that it has begun producing crude oil from Abu Dhabi’s Haliba field and has also discovered potential resources in three new fields- Al Humrah, Bu Tasah, and Bu Nikhelah in its concession area.
Al Dhafra Petroleum is a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, one of ADNOC’s youngest operating companies.
Located along the southeast border of Abu Dhabi, Haliba field is the building block of ADNOC’s oil production capacity growth to four million barrels per day (BPD), by the end of 2020. In a statement, the company mentioned that the initial production from the field would progressively increase to 40,000 bpd by the end of 2019 as Al Dhafra Petroleum further unlocks more potential at the field.
ADNOC stated that Al Dhafra Petroleum Haliba field has the potential for up to 1.1 billion barrels of original oil in place (OOIP), a significant increase from the 180 million initially estimated.
During the ceremony held at ADNOC’s HQ to commemorate the occasion, Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO said: “ADNOC is committed to delivering a more profitable upstream business and expanding our oil production capacity, and the production from Haliba field is an integral part of achieving our targets.”
He added that this will create long term and sustainable returns for the UAE and their partners in response to the world’s growing demand for energy.
“ADNOC has a successful history of partnership with South Korea’s energy sector, and we continue to place great importance on this strategic partnership as we accelerate delivery of our 2030 smart growth strategy,” he added.
ADNOC stated that Al Dhafra Petroleum utilises smart oilfield innovation at Haliba field to reduce operating costs while maximising the value from the development of other nearby marginal fields. The crude oil produced from the field will be transported to ADNOC’s Onshore’s Asab Central Degassing station for processing, after which it will be transported via ADNOC Onshore’s existing main oil lines to the marine export terminals for export.
Moreover, the Haliba field will serve as the main production hub, while Al Dhafra Petroleum will explore 70 more prospects in the concession area, ADNOC added.