Abu Dhabi National Oil Company (Adnoc) is expected to spend billions of dollars over the next few years to boost its oil output capacity in a move that will involve a mix of onshore and offshore development projects.
The oil-rich emirate is laying the groundwork for multiple brownfield and greenfield developments to help scale up its oil production capacity to 5 million barrels per day by the end of this decade.
While multiple offshore expansion schemes being touted by the Abu Dhabi state-owned giant are facing significant delays on the execution front in the wake of global disruption caused by Covid-19, industry experts believe Adnoc is optimising its key developments before embarking on the next wave of projects.
