Abu Dhabi-UAE: 10 November, 2016 – ADNOC, Abu Dhabi’s integrated oil and gas company, today announced that it will expand its use of Enhanced Oil Recovery (EOR) and Extended Reach Drilling (ERD) technologies as part of its plans to maximise the value of its resources.
ADNOC intends to expedite the development of its hydrocarbon resources, and enhance recovery from several smaller and more complex structures within its reserve base. Through partner research projects and technological implementation, ADNOC aims to enhance recovery from these reserves.
ADNOC has been deploying ERD since the early 90s, maximising contact with the reservoir by drilling horizontally through the reservoir. Since 2014, ADNOC has used the technology to cluster wells in its onshore and offshore fields. ADNOC also uses both CO2 and gas injection EOR to extend the lifespan of maturing oilfields and increase their productivity.
Under its recently approved 2030 Strategy and five-year business plan, ADNOC is on track to increase crude oil production by 400,000 bpd over the next two years, bringing its total production to 3.5m bpd by end 2018.
“We are focusing on delivering more valuable and profitable operations across exploration, drilling and production, while maintaining the highest standards of HSE and protecting the integrity of our assets,” said Abdulmunim Al Kindy, ADNOC’s Exploration, Development & Production Director.
He added: “We have already laid the foundations to enable ADNOC to achieve maximum economic and technically viable production levels in order to accelerate our contribution to Abu Dhabi’s GDP and to ensure we stay competitive and deliver the greatest value from our resources.”
Last month, ADNOC announced its intention to consolidate its offshore exploration operations by integrating the Abu Dhabi Marine Operating Company (ADMA-OPCO) and Zakum Development Company (ZADCO) into a new single company.
The consolidation is expected to yield significant financial and operational benefits. The new company resulting from this integration will be more agile, better able to respond to changing market demands, and well positioned to take advantage of strategic opportunities for future growth.