Business

The Abu Dhabi National Oil Company (ADNOC) has actually announced strategies to launch 'Umm Lulu Crude Oil a new crude blend created from its Umm Lulu and SARB areas, operated by ADNOC Offshore.

Umm Lulu Crude Oil, which has an anticipated API density of around 39 degrees and sulphur material of around 0.7 percent weight percent, is a light crude, rich in light middle distillates with a low sulphur and steel web content. The very first exports of Umm Lulu Crude Oil, are anticipated in Q1 2018, and production will increase progressively over the coming five-year duration.

Abdulla Salem Al Dhaheri, ADNOC's Marketing, Sales and Trading Director, said: "In line with ADNOC's 2030 strategy and five-year business plan, we are regularly seeking methods to increase the worth of our resources and raise profitability. Mixing of the Umm Lulu and SARB crudes will certainly enhance production, storage space, and export adaptability, while also providing our customers with greater option."

The Umm Lulu super complex is one of the largest extremely complexes to be mounted offshore Abu Dhabi and will certainly be one of the biggest offshore oil and gas complicateds between East. The first oil from the Umm Lulu Phase-1 was generated in October 2014.

As part of the Satah Al-Razboot (SARB) Full Field Development Project, 2 artificial islands, SARB North and SARB South, have actually been created on the northwest shore of Abu Dhabi and drilling operations are underway. Handling, storage and export of Umm Lulu and Sarb crudes will be from Zirku island.

Umm Lulu Crude Oil joins the ADNOC crude family members that includes the onshore grade Murban and overseas grades Das Crude and Upper Zakum.

In line with its 2030 Strategy and five-year business strategy, ADNOC gets on track to increase its overall petroleum production capability to 3.5 m bpd by the end of 2018.

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