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UAE Aims for 51% Gas Production Increase by 2030

NATURAL GAS

ADNOC aims to boost natural gas production capacity from 6.5bcf/d last year to 9.8bcf/d by 2030 according to a company presentation.

  • The planned increase would achieve self-sufficiency in gas production.
  • UAE is targeting an increase in oil production capacity by 25% to 5mbpd by 2025, quicker than the previous aim for 2030.
  • The plans will require an increase in rig count by between 1.5 to 3 times from 91 rigs operating in 2021.
  • UAE is currently producing at or just slightly above their OPEC crude oil quota with an October target of 3.179mbpd.

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