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Adnoc commits 22.6B AED to Umm Shaif

Adnoc commits 22.6B AED to Umm Shaif

Adnoc has approved an investment of 22.6 billion dirhams (approximately 6.2 billion US dollars) to develop the Umm Al-Shiff field, aiming to increase gas production by more than 600 million standard cubic feet per day by 2030. The project includes constructing offshore infrastructure and drilling 14 wells, with the goal of meeting domestic demand for low-carbon gas and enhancing energy security. This initiative is part of Adnoc's efforts to boost gas output and establish an international platform for marketing and trading liquefied natural gas by 2035.

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