ADNOC Signs new 15-Year Gas Sales Agreement with Dubai Supply Authority (DUSUP)
The Abu Dhabi National Oil Company (ADNOC) signed, today, a 15-years gas sales arrangement with the Dubai Supply Authority (DUSUP) for the supply of Natural Gas, to assist satisfy Dubai's energy needs.
The arrangement was authorized, at ADNOC's headquarters, by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Director General of DUSUP and H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group Chief Executive Officer.
H.H. Sheikh Ahmed bin Saeed Al Maktoum said: "Twenty years ago this month I had the privilege to authorize the gas supply contract created under the instructions of H.H. Sheikh Zayed and H.H. Sheikh Mohamed that resulted in ADNOC creating the Taweelah - Jebel Ali pipeline and the start of gas shipments from ADNOC to Dubai in 2001. It provides me wonderful pleasure to authorize again for DUSUP for the extension of the contract. In doing so, our team believe that we are not only expanding power collaboration between Abu Dhabi and Dubai in time, yet likewise improving the structures, originally stocked 1998 and strengthened throughout the years, to expand the breadth and depth of our energy relationships now and in the future."
H.E. Dr Al Jaber said: "This arrangement underscores ADNOC's commitment to meeting the expanding energy needs of the UAE. We will certainly harness our gas resources for the advantage of the country, working in close collaboration with our customers and partners, by making smart financial investments in the advancement of added gas books. This will enable us to deliver against our tactical purpose of providing a lasting and economic supply of gas to the UAE."
As part of its 2030 smart growth method, ADNOC plans to accessibility undeveloped tight reservoirs, take advantage of its gas caps and expand sour gas production, making sure that it supplies a lasting and financial gas supply to fulfill the UAE's growing demand for power. Furthermore, it has actually commenced an exploration drilling programme to discover for, and assess, the potential of private gas deposits in limited storage tanks.
Last month, ADNOC introduced the awarding of 2 Front End Engineering Design (FEED) contracts for ADNOC's prepared offshore ultra-sour gas mega project, which consists of the Hail storm, Ghasha and Dalma fields, from which ADNOC expects to create greater than one billion cubic feet of gas daily, enough gas to give electrical energy to two million UAE homes.
Following the signing of the agreement, H.H. Sheikh Ahmed, gone along with by H.E. Dr Al Jaber, visited ADNOC's View Command Centre, a key part of ADNOC's organisation-wide digital transformation, which will certainly aid provide a much more profitable upstream; a more valuable downstream and an economic, sustainable gas supply.
The centre attracts from data points throughout ADNOC's companies, from the upstream to the downstream and global distribution network. Using smart analytical models and progressed expert system platforms, it creates operational insights and advises new paths to boost efficiency and unlock value.
Along with functional details, the View Command Centre also gives choice makers and executives instantaneous access to Group-wide efficiency signs, from throughout ADNOC's firms, and tracks them versus agreed production and tactical targets. This includes HSE performance, energy and power administration, economic and HR details.
About ADNOC
ADNOC is a significant diversified group of power and petrochemical business, that creates regarding 3 million barrels of oil and 9.8 billion cubic feet of raw gas a day. Its integrated upstream, midstream and downstream activities are performed by 14 expert subsidiary and joint venture companies. To learn even more visit www.adnoc.ae
For more information: media@adnoc.ae
About DUSUP
Dubai Supply Authority (DUSUP) plays a key duty in ensuring Dubai continuouslies meet its ever before growing energy requirements. Initially established in 1992, DUSUP is in charge of procuring, transferring, keeping and supplying gas and LNG to; Dubai Electricity and Water (DEWA), Emirates Global Aluminium (Jebel Ali), DUGAS, ENOC and Dubai Petroleum to meet all their power generation, water desalination and other industrial demands. To figure out even more visit www.dusup.ae
