The Abu Dhabi Co for Onshore Oil Operations (Adco) is developing its sixth oil field at Al Dabb'iya to raise production by 200,000 barrels per day (bpd) by mid-2006.
The company, which is producing oil from five fields, is also initiating new smart wells technology to optimise reservoir management.
"The sixth field of Adco, the Al Dabbi'ya field in the onshore area, is being developed. Production will start in the middle of 2006," said Andre Van Strijp, general manager, Adco.
"The field is northeast of the Bab field. It is an environmentally sensitive area, but we are still developing it with minimum environmental impact," he told Gulf News yesterday.
Adco produces a little more than one million bpd from its five onshore oil fields.
Asked if Adco will develop more fields, Van Strijp said: "It depends on the needs. We are flexible and we are building capacity to meet demand. We are always looking at developing new fields but expansion depends on demand."
Adco is working on introducing the smart wells concept for enhanced oil recovery, with the technology already proven.
"In northeast Bab, we will use the smart wells or intelligent technology that will help in optimising production and help optimise reservoir management. It is very cost effective and does not entail much investment."
As one of Adnoc's subsidiaries, Adco has grown greatly in the past 40 years to become one of the top oil-producing companies in the UAE.
From about 60,000 bpd of crude oil in the 1960s to a little more than one million bpd, Adco continues to grow.
Adco is owned 60 per cent by Adnoc and the remaining 40 per cent is owned equally by Shell, Exxon-Mobil, BP and Total, each with a 9.5 per cent equity, and Partex with a 2 per cent stake.
As one of Adnoc's subsidiaries, Adco has grown greatly in the past 40 years to become one of the top oil-producing companies in the UAE.
From about 60,000 bpd of crude oil in the 1960s to a little more than one million bpd, Adco continues to grow
