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Huge UAE Oilfield Could Hike Capacity to 1.5 Million Bpd Earlier than Planned
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Why This Matters
The Upper Zakum oilfield in the UAE is expected to reach its 2030 production target of 1.5 million bpd earlier than planned, driven by ExxonMobil's efforts to boost production.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
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The giant Upper Zakum oilfield in the UAE could achieve its 2030 target to boost production capacity to 1.5 million barrels per day (bpd) from 1 million bpd earlier than planned, the CEO of co-venturer ExxonMobil said. “The team is working hard to drive production up,” Exxon’s chief executive Darren Woods told Bloomberg in an interview in Abu Dhabi. “We’ve got an objective that we set by 2030, but I think we can do better than that,” the top executive of the U.S. supermajor said. ExxonMobil…
Original article published by
OilPrice.com
on November 3, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.