Abu Dhabi may inject CO2 in offshore fields to boost output
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon May 28, 2012 2:49 pm

UAE. Abu Dhabi National Oil Co. may start injecting carbon dioxide instead of natural gas into its offshore fields to enhance oil recovery, according to an official from the company’s Abu Dhabi Marine Operating Co. unit.

“We are looking at CO2 injection offshore,” Ali al- Muhairy, senior vice-president of development at Adma-Opco said at a conference in Abu Dhabi today. “We have tried using natural gas; now we are looking at CO2.” He declined to give a timeframe for the project to start.

Abu Dhabi National, or Adnoc, is looking at ways to reduce the oil industry’s use of the 5 billion cubic feet of natural gas produced daily in the U.A.E. so that the fuel can be used to meeting soaring power and industrial demand. Gas is used to increase pressure inside reservoirs to push more crude out.

Adnoc is working with Abu Dhabi’s renewable energy company Masdar to capture carbon. One plan under consideration is to build a plant next to Emirates Steel Industries PJSC to capture 800,000 tons a year of CO2 from that plant, al-Muhairy said.

“Enhanced oil recovery will have to be a part of sustaining production,” he said. Adnoc is planning to boost output to 3.5 million barrels a day by 2017, from about 2.8 million now, and “we may see more,” al-Muhairy said.

Adma-Opco operates two main fields, Umm Shaif and Zakum.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 28, 2016
UAE. Acknowledged as a generational disruptive force, blockchain can protect and enable Smart City development and digital transaction systems; Plays important role in incubating regional start-ups ecosystem; Provides support for industries such as healthcare, transport, finance.
date:Posted: June 28, 2016
UAE. Private wealth in the UAE is projected to post a compound annual growth rate of 14.1% to reach almost $1 trillion in 2020; over the next five years, private wealth held by ultra-high-net-worth households in the Emirates is also expected to increase by a staggering 20%.
date:Posted: June 28, 2016
OMAN. Private wealth held by upper high-net-worth households in Oman is projected to increase by a healthy 8.8% over the next five years.
dhgate