The Oil & Gas Year Abu Dhabi 2011
Long in the shadow of its more glamorous neighbour, Abu Dhabi in recent years has been a beacon of stability in the region. In the midst of the global financial maelstrom, the leadership of Abu Dhabi secured some of the most lucrative deals toward the development of its hydrocarbon resources. The latest grand ambition to raise production capacity by 800,000 barrels per day is greater than the total production of many oil-producing nations.
The centrepiece of the drive is the off-shore Upper Zakum project, code-named UZ750. This multi-billion dollar plan sees the construction of four artificial islands from which carbonate reservoirs can be drilled horizontally. Not only will this innovative model prove to be a cost-effective solution, but also an environmentally conscious one.
Onshore, the mammoth Shah field is being tapped for its gas reserves: the emirate is in desperate need of gas due to its burgeoning power demands. The gas produced here is highly sulphurous, corrosive and lethal, leading to one of the most hazardous working environments in the oil & gas industry.
The Oil & Gas Year Abu Dhabi 2011 gives significant coverage to topics including downstream expansion at Borouge and Takreer, exploration of new fields, colossal engineering projects, renewable and nuclear energy, marine, aviation and supporting services and much more. Finally, the 2011 edition proudly gives birth to a new chapter that is unique to the Abu Dhabi publication: Industrial Development. This chapter discusses the considerable issue of economic diversification in line with Vision 2030.