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UAE Discovers New Gas Field

Gasoil News - Published on Mon, 10 Feb 2020

Image Source: ADNOC
Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates aim to push the country to energy self sufficiency. The Jebel Ali reservoir located between the two emirates has 80 Tcf of gas resources, according to tweets by Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi’s crown prince, and Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s prime minister and Dubai’s ruler. The country is seeking to become self-sufficiency in gas supply by 2030, a step that would allow it to break its reliance on imports from Qatar, with which it has been locked in a 2 1/2-yr diplomatic dispute.

Abu Dhabi National Oil Co, the government-owned energy giant known as Adnoc, will jointly develop the reservoir with distributor the Dubai Supply Authority.

The Jebel Ali discovery is the biggest since the Galkynysh field was found in Turkmenistan 15 years ago, according to WoodMac’s Yates. The announced resources would make it the fourth-biggest gas field in the Middle East behind Qatar’s North field and Iran’s South Pars, which are part of the same Persian Gulf deposit that make up the world’s largest offshore gas field. Abu Dhabi’s Bab field is the third-largest, according to WoodMac.

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Posted By : Yogender Pancholi on Mon, 10 Feb 2020
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