ADNOC’s Al Dhafra Petroleum JV Celebrates First Oil Production from Haliba Field

Posted On July 10th, 2019 - 3:27 pm | by Oil and gas press

Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, and one of ADNOC’s youngest operating companies, announced, today, it has begun producing crude oil from Abu Dhabi’s Haliba field and discovered potential resources in three new fields in its concession area.

The success of Haliba reinforces the UAE’s and South Korea’s strategic bilateral relations and reflects the importance ADNOC places on its long-term partnership with South Korea’s energy sector.

Haliba field, located along the southeast border of Abu Dhabi emirate, is a building block of ADNOC’s oil production capacity growth to 4 million barrels per day by the end of 2020.

ADNOC said the initial production from the field would progressively increase to 40,000 bpd by the end of 2019 as Al Dhafra Petroleum further unlocks the substantial potential of the field.

Source / More : ADNOC

Tags: , News analysis

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