Plan will maximise gas value in line with exploration and production strategy
Abu Dhabi, UAE – November 10 2016: ADNOC, Abu Dhabi’s integrated oil and gas company, has unveiled its new Gas Master Plan, to ensure a sustainable and economic supply of gas to meet the growing energy requirements of Abu Dhabi and ADNOC’s international customers.
In line with ADNOC’s recently announced ‘2030 Strategy’, there will be a strong focus on the application of new and innovative technologies to enable greater gas recovery in all reservoirs. ADNOC also plans to tap into additional sour gas reservoirs to boost supplies of gas.
As part of its integrated Gas Master Plan, which links every part of the gas value chain, ADNOC has also initiated a gas price restructuring exercise to maximise the value of its gas, and ensure ADNOC receives a fair price for its gas.
Omar Suwaina Al Suwaidi, ADNOC Gas Management Director, said: “ADNOC is exploring a number of options to make more gas available for higher priority applications, maintain a sustainable gas supply, and meet Abu Dhabi’s increasing gas demand in the future.
“We believe that we can shrink our energy imports substantially by tapping into undeveloped deep and sour gas reserves, unconventional gas resources and deploying innovative technology such as Carbon Capture Utilisation and Storage (CCUS) for Enhanced Oil Recovery (EOR).
“Our focus is on delivering ADNOC’s key imperatives of performance, profitability and efficiency to ensure we create maximum value from our resources and stay competitive in the evolving energy market,” Al Suwaidi added.
He was speaking after participating in the ‘Future Energy Scenario: Gas As The Clean Alternative of Choice’ panel session, on the final day of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), at the Abu Dhabi National Exhibition Centre (ADNEC).
The session discussed the use of natural gas as a clean energy bridge to the future; how industry can embrace the wider use of natural gas for both domestic and industrial power needs whilst reducing greenhouse gas emissions and how the energy and automotive industries can work together to further enhance the cross over in innovation and technology to increase the use of natural gas as a fuel for public and private transport .
ADNOC’s 2030 strategy calls for it to optimize the volumes of gas used for re-injection and in field power generation, to free up valuable gas for other uses, such as electricity generation and water desalination.
ADNOC’s plans to increase its sour gas production, and subsequently the sulphur by- product, over the coming decade, would make Abu Dhabi one of the world’s largest sulphur producers.
ADNOC will maximise the value of its sulphur by working closely with key fertilizer markets, while also supporting the development of a local sulphur products industry, including enhancing the existing ammonia and urea industry, with a new generation of advanced fertilisers.
ADNOC’s gas portfolio of companies includes Abu Dhabi Gas Industries Limited (GASCO), Abu Dhabi Gas Liquefaction Company (ADGAS) and Al Hosn Gas.