Nixse
0

UAE found the Natural Gas supplies

UAE announced a gas discovery in the area between Abu Dhabi and Gabal Ali in Dubai. The gas reservoir called “Jabel Ali Project” will support the UAE economy and ensure sustainable growth. The project covers 5 thousand square kilometers and could generate 80 trillion cubic feet of gas. It’s one of the most significant discoveries of natural gas, which strengthens the UAE’s position among the countries with the most extensive stocks of natural gas in the world. Moreover, the state aims to achieve self-sufficiency with the development strategy prepared for the next fifty years.

 

Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE, and Sheikh Mohamed bin Zayed al Nahyan, Crown Prince of Abu Dhabi signed a strategic cooperation agreement between Abu Dhabi National Oil company “ADNOC” and “Dubai Supply Authority.”

 

More About the Venture

Sheikh Mohamed bin Zayed al Nahyan said that the venture would be a new source of energy supplies to support the national economy and sustainable growth plans in UAE. Furthermore, he followed up with a presentation and explanation of the project location. The geological nature of the discovered reservoir, and the stages of survey and exploration that were implemented. And the technology used by ADNOC, as well as plans and steps of project development.

Sheikh Ahmed bin Saeed Al Maktoum stated that the agreement is an essential step in enhancing cooperation. Similarly, they are focusing on concerted efforts to increase the value of the resources of the UAE. He says that they look forward to continuing exploring gas resources with ADNOC.

According to the agreement, ADNOC will invest and harness technology and expertise to develop and produce discovered gas resources. In addition to conducting new surveys and exploration in the region to assess more gas resources. And perform a final study of the cost of its production. Therefore, under the partnership between the two sides, the Dubai Supply Authority will receive produced gas from ADNOC. However, which will contribute to ensuring energy security, support Dubai’s ambitious plans for growth and enhance its position as a global economic center.

The discovered reservoir is unique in that it contains high-quality organic gas and is relatively small below the surface. ADNOC will harness new technology for drilling wells. By adopting horizontal drilling methods, and underground hydraulic fracturing to ensure optimal productivity. Moreover, while reducing the number of ground platforms as much as possible.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 0 (0 reviews)


You might also like

Leave a Reply

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spread
    Sending
  • Trading Instrument
    Sending