ADNOC Approves $6.2 Billion FID for Umm Shaif Gas Cap Development

ADNOC has approved a $6.2 billion final investment decision for the Umm Shaif Gas Cap project, targeting more than 600 million cubic feet per day of new natural gas production and supporting the UAE's growing LNG portfolio.

(P&GJ) — ADNOC has approved a $6.2 billion final investment decision (FID) for the Umm Shaif Gas Cap project offshore Abu Dhabi, a development expected to produce more than 600 million cubic feet per day of natural gas and associated gas liquids by 2030.

The project, developed with partners TotalEnergies, Eni and China National Petroleum Corp. (CNPC), is part of ADNOC's strategy to expand natural gas production and grow its LNG business to meet domestic demand and international export markets.

The investment includes three engineering, procurement and construction (EPC) contracts totaling $5.1 billion for offshore infrastructure, along with a $365 million drilling program that includes 14 wells. ADNOC Drilling will execute the campaign over approximately 18 months using three existing rigs.

The company said the project will add more than 600 million cubic feet per day of production, equivalent to nearly 10% of the UAE's current daily natural gas consumption.

ADNOC Managing Director and Group CEO Sultan Ahmed Al Jaber said the project marks another step in expanding the company's natural gas business.

"The Umm Shaif Gas Cap FID is another important milestone in delivering this strategy and reinforcing ADNOC's position as a reliable gas supplier."

The FID follows the recent award of the Bab Gas Cap concession, another major offshore gas development expected to add approximately 1.5 billion cubic feet per day of natural gas and associated gas liquids. ADNOC is also targeting 47 MMtpy of marketable LNG capacity by 2035 through its expanding LNG portfolio.

Production from the Umm Shaif Gas Cap project is expected to begin in 2030.