ADNOC Drilling Company

The State Oil Company of the United Arab Emirates (UAE) is the Abu Dhabi National Oil Company or ADNOC.

According to the output, it ranks as the world's 12th largest oil corporation. In the 1990s, ADNOC's production remained unchanged at about 2.5 million barrels per day. The 2008 figure was 2.9 mbpd. The business expects to boost its oil production capacity to 5 million bpd by 2030 from its current capacity of around 4 million bpd as of 2021. Additionally, it is the biggest oil company in the UAE.

Regarding both reserves and output, ADNOC is among the biggest energy firms in the world. ADNOC has 16 subsidiaries in the upstream, midstream, and downstream stages of production. ADNOC also develops onshore and offshore gas fields and operates two refineries, Ruwais, and Umm Al Nar. In addition to supplying supplies for the neighborhood's water and power providers, ADNOC also exports liquefied natural gas (LNG) to other domestic sectors, including petrochemical factories and replenishing reservoirs.

As demands for output reduction due to climate change increase, ADNOC is one of the few oil companies in the world to invest significantly in boosting oil production. This is important as oil and gas power the global economy and prevents premature investment cuts due to oil and natural gas price shocks. ADNOC intends to produce substantial amounts of hydrogen fuel as a clean energy source to replace petroleum exports to adjust to climate demands.

Industry: Oil and gas
Founded: 1971
Headquarters: Abu Dhabi, United Arab Emirates

Website: https://adnocdrilling.ae/