UAE energy giant to cut oil output for maintenance in Nov
Tuesday, 25 September 2007
ABU DHABI, Sept. 24 (Xinhua): The Abu Dhabi National Oil Company (ADNOC), the energy giant of the United Arab Emirates (UAE) , will cut its oil output for a scheduled essential maintenance program in November, the official Emirates News Agency reported yesterday.
ADNOC's oil output will be reduced by about 600,000 barrels per day due to the maintenance program which will involve three offshore fields, namely Upper Zakum, Lower Zakum and Umm Shaif, according to the report.
The maintenance program has been planned for more than a year and ADNOC's commitments to its term clients are all met by advancing the majority of liftings, and some deferments that have been re-scheduled by mutual agreement, the report said.
In addition, ADNOC's refining subsidiary Takreer will carry out a scheduled maintenance program at the Ruwais refinery between December 2007 and February 2008. The amount of crude oil that will be released from this shutdown will be around 5 million barrels.
The ADNOC, a fully government-owned company established in 1971, is one of the world's leading oil companies with huge reserves. It currently produces over 2 million barrels of oil per day.
ADNOC's oil output will be reduced by about 600,000 barrels per day due to the maintenance program which will involve three offshore fields, namely Upper Zakum, Lower Zakum and Umm Shaif, according to the report.
The maintenance program has been planned for more than a year and ADNOC's commitments to its term clients are all met by advancing the majority of liftings, and some deferments that have been re-scheduled by mutual agreement, the report said.
In addition, ADNOC's refining subsidiary Takreer will carry out a scheduled maintenance program at the Ruwais refinery between December 2007 and February 2008. The amount of crude oil that will be released from this shutdown will be around 5 million barrels.
The ADNOC, a fully government-owned company established in 1971, is one of the world's leading oil companies with huge reserves. It currently produces over 2 million barrels of oil per day.