ADNOC announces deals to unlock $60bn of US investment in UAE energy projects

ADNOC has announced multiple agreements with the US energy specialties. Uu. Directing the commercial dialogue of the EAU-EE. UU. With the president of the United States, Donald Trump.

The agreements will potentially allow investments of $ 60 billion or of the USA in EAU energy projects throughout the useful life of the projects.

The agreements include a historical field development plan with Exxonmobil and Inpex/Jodco to expand the capacity of the upper field of ABU Dhabi through gradual development.

ADNOC announces energy investments of EAU-EE. UU.

ADNOC also signed a strategic collaboration agreement with Western to explore the increase in the production capacity of Shah Gas Field to 1.85 billion standard cubic feet per day (BSCFD) or natural gas, from 1.45 BSCFD, and fifty the deployment.

The agreements reinforce the EAU shared commitment and us to maintain global energy security and the stability of energy markets.

The business value of the EAU Energy Investments in the US will reach $ 440 billion by 2035, as part of the UAES Investment Plan $ 1.4TN in the country.

Dr. Sultan al Jaber, Advanced Industry and Technology Minister, Managing Director of ADNOC and CEO of the group, said: “The bilateral relationship with deep boats between the EAU and the United States is backed by our shared commitment to allow this to be the reinforcement specialties.

“We see significant opportunities for new US associations. In the Energy-Ai link and we hope to work on our US partners to unlock a long-term sustainable value and boost socioconomic progress.”

The United States is a high priority market for XRG, the Global Energy Investment Company of ADNOC, and the company is prepared to boost investments in the US energy value chain that focuses on the expansion of gas, LNG, specialized chemicals and energy infrastructure.

On the basis of its ambitious investment plans for the USA.

The installation would eliminate up to 500,000 tons of CO₂ per year using DAC technology at a commercial scale, with XRG considering a capital commitment up to a third of the total project development cost.

The Supreme Council of Financial and Economic Affairs of Abu Dhabi (Scfea) also granted a new conventional concession of oil exploration to EOG Resources Inc. (EOG), a leading company of exploration and production of hydrocarbons based in the United States.

The Block 3 Prize on unconventional land, which covers an area of ​​3,609 square kilometers within the Al Dhafra region of Abu Dhabi, is his son’s first prize to an American company and underlines the absence of Abustin and It.

ADNOC will supervise and help with exploration activities in the concession and have the option of stealing a subsequent production concession.

The field development plan for the upper part of Zakum will take advantage of the technologies of AI and leaders of the industry and a deep experience and a strong association between ADNOC, Exxonmobil and INPEX/JODCO to the capacity for production of sustainable growth and help find promotion.

Upper Zakum is part of the Zakum field, which is the second largest sea field in the world.

The Plan will update the infrastructure of the upper part of Zakum to include remote operations enabled for AI, the reciving power of the EAU clean energy network to reduce emissions and allow the use of artificial islands for drilling activities to improve

The upper field of Zakum is located 84 km northwest or Abu Dhabi.

Shah Gas Field is one of the world’s older children and is located 180 km southwest or Abu Dhabi.

The possible expansion of the installation will provide more gas for national industrial growth and liquefied natural gas (LNG) for export.