Energy, Oil & Gas

UAE could raise oil capacity beyond 5m bpd, says Adnoc Drilling

DUBAI
UAE could raise oil capacity beyond 5m bpd, says Adnoc Drilling

Adnoc Drilling is prepared to support an increase in the UAE’s oil production capacity beyond the planned 5 million barrels per day by 2027, pending approval from the government, the company’s Chief Financial Officer told Reuters.

"We're ready to deliver any production capacity that Adnoc needs," Youssef Salem said in an interview, referring to state-owned parent firm the Abu Dhabi National Oil Company.