Abu Dhabi National Oil Company (Adnoc) is advancing multiple offshore oil and gas developments as it aims to produce 5 million barrels per day of oil by the middle of the decade and swiftly scale up its gas production, most notably with the massive Hail & Ghasha sour gas development.
The emirati giant is believed to have fast-tracked expansion plans to meet the 2025 target five years earlier than the previous target of 2030, led by improved market fundamentals and concerns regarding limited spare capacity of the Middle East’s leading producers.
