ADNOC Approves Major Deep Gas Development Offshore Abu Dhabi
Market Intelligence Analysis
AI-PoweredADNOC has approved a major deep gas development project offshore Abu Dhabi, aiming to boost domestic gas supply and increase LNG exports.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
ADNOC, the national oil company of the United Arab Emirates, on Wednesday announced the final investment decision for the SARB Deep Gas Development offshore Abu Dhabi, a key part of the massive Ghasha Concession development. ADNOC and the UAE are looking to maximize natural gas extraction and processing to boost domestic supply and increase LNG exports. SARB, located 120 kilometers (75 miles) offshore Abu Dhabi, will include a new offshore platform with four gas production wells connecting to Das Island. From there, gas from SARB would…
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