Share. ABU DHABI, UAE – ADNOC, ExxonMobil, and INPEX have agreed to raise the production capacity from the offshore Upper Zakum oil field to 1 MMb/d by 2024.. This follows ratification of an agreement to extend the concession by a further 10 years until Dec. 31, 2051. Subsequently, in 1978, JODCO, a wholly-owned Inpex subsidiary, partnered with ADNOC in developing the field, followed by Exxon, in 2006. Upper Zakum oil field. Tyler Ferguson, is pleased to announce the new contract to drill and process crude oil for the next twenty four (24) months on a basis of agreed percentage remitance on drilling at the Upper Zakum oil field, Abu Dhabi, UAE. Client: Zakum Development Company (ZADCO) Project value: US$3.7 billion, in consortium with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME). UPPER ZAKUM OIL FIELD. Previous slide Next slide. The UZ750 project is one of the major offshore field development projects in the UAE. The Lower Zakum oil field as the name suggests is the lower segment of the expansive Zakum field in Abu Dhabi. ABU DHABI, UAE – ADNOC and its partners in the offshore Upper Zakum oilfield have awarded a front-end engineering design (FEED) contract to increase the production capacity to 1 MMb/d by 2024.. #Upper Zakum oil field. Theme Visible Selectable Appearance Zoom Range (now: 0) Fill Stroke; Collaborating Authors. Upper Zakum is the second largest offshore oilfield and fourth largest oilfield in the world. End Date – 2018. Oil was first discovered in 1963 and ADNOC took the decision, at its own risk, to develop the field, in 1977. Default; Show as Treemap; Quick Topic Analysis; Actions. The Upper Zakum oilfield is said to produce over 750,000 barrels per day, although, with the recent investments in the project, the production is expected to be increased up to one million barrels per day. Upper Zakum oil field project, United Arab Emirates. ADNOC awarded construction works to National Marine Dredging Company for building four islands in Zakum Offshore field which is located approximately 84 km North West of Abu Dhabi and 50 km from Zirku Island. The field was discovered in 1963 by seismic survey, and came on production in 1967 at an initial rate of 50 000 bopd from the Lower Cretaceous carbonate sediments. The field is operated by ZADCO (now ADNOC Offshore), the dedicated offshore arm of the ADNOC Group. Top 25; Top 50; Top 200; Custom; Other Dashboards. The Upper Zakum oil field, located 84 kilometres offshore Abu Dhabi, is the second-largest offshore oil field and the fourth-largest oil field in the world. Start date. Discovered in 1963, the Upper Zakum oil field offshore Abu Dhabi, United Arab Emirates (U.A.E. In November 2017, partners of the Upper Zakum field announced an agreement to increase production capacity to one million barrels a day by 2024. Upper Zakum is one of the world's largest oil fields, contributing significantly to Abu Dhabi's current production, and with potential for substantial production growth. Toggle navigation. Discovered in 1963 and developed by Abu Dhabi Marine Areas Ltd., a joint venture between British Petroleum and Compagnie Française des Pétroles . The CEO of Tyler Global Oil, Engr. Client has announced it has undertaken a strategic project, with its partners, US energy major and an Japan s Company, to raise the Upper Zakum offshore field's oil output to 1 million barrels a day (b/d) by 2024 (UZ1000). Oil field 84 km northwest of Abu Dhabi Islands. Go × Go to. Oil from the field flows through a pipeline network to one of four main processing facilities for treatment. Zakum Development Company operates the world’s second-largest offshore oil field, with ownership held by ADNOC, ExxonMobil, and the Japan Oil Development Corporation. In November, the Upper Zakum concession partners announced an agreement to increase production capacity of the oil field to 1 million barrels per day by 2024. 2020. Upper Zakum Oil Field, UAE - Oil reserves (past and future): 50 billion. The Upper Zakum oilfield is located north-west of Abu Dhabi islands and is the second largest offshore oilfield in the world. It produces 750,000 barrels of oil a day from around miles, is held by Abu Dhabi Marine Areas Ltd. in which The British Petroleum Company has a two thirds interest. Zirku Airport. The Upper Zakum oil field is an east-west plunging anticline, located in offshore Abu Dhabi, UAE. LOWER ZAKUM . Offshore staff. It lies 80 kilometres northwest of Abu Dhabi city in water depths ranging from 5 to 15 metres. Layer Fill Outline × Map layers. As well as its stake in the Lower Zakum concession, Inpex has a 12 per cent stake in ADNOC’s Upper Zakum concession. Lower Zakum Field Date. Start Date – 2013. Small private airfield operated by the Zakum Development Company and serves the oil field at Zirku Island, Abu Dhabi, UAE. Export to Excel. Petrofac’s share is valued at US$2.9 billion . The giant Zakum field is located centrally in Abu Dhabi's offshore area. Wikipedia. powered by i 2 k Connect. A former Petrofac executive pleaded guilty to offering and making or planning to make a total of $30 million in payment to influence the award of an engineering, procurement, and construction (EPC) contract in 2013 for the Upper Zakum UZ750 Field Development Project, in addition to a variation to that contract in 2014, and a FEED contract in 2014 for the Bab Integrated Facilities Project. The central island measuring 1,200mx600m is the biggest island on the field and houses the processing facilities, while the north, west and south islands are used as satellite platforms. The Upper Zakum oil field, located offshore Abu Dhabi, is the second largest offshore oil field and the fourth largest oil field in the world. Subsequently, in 1978, JODCO, a wholly-owned INPEX subsidiary, partnered with . The Upper Zakum oil field, located offshore Abu Dhabi, is the second largest offshore oil field and the fourth largest oil field in the world. The subdivision of the oil-bearing horizons into recognisable reservoir units, their physical characteristics and influence on the methods of production currently in use are described. Project Summary. ExxonMobil Corp. has signed an agreement to acquire a 28% equity interest in giant Upper Zakum oil field off Abu Dhabi from Abu Dhabi National Oil Co. (ADNOC). The offshore field, discovered the same year, is the second largest in Abu Dhabi and the fourth largest in the world. As one of the Upper Zakum joint venture (JV) partners, Abu Dhabi National Oil Company (ADNOC) is 60% owner. Upper Zakum oil field project, United Arab Emirates Image gallery. The production capacity … Toggle search results options; 0 results . Upper Zakum, discovered in 1963, is the world’s second largest offshore oil field. Introduction The Abu Dhabi Marine Areas Concession, originally of about 12,000 sq. Upper Zakum oil field. Oil was first discovered in 1963 and ADNOC took the decision, at its own risk, to develop the field, in 1977. A $10-billion construction project currently underway aims to raise production of the facility to one million barrels per day by 2024. Location: 80 km off the coast of Abu Dhabi. Upper Zakum is gigantic in size; in fact, it is the second largest offshore oilfield and fourth largest oilfield in the world. The Upper Zakum field, operated by ADNOC – the pare nt company of AD CO, is located in the Persian Gulf about 44 miles northwest of Abu Dhabi. On Mar 20, 2018. Toggle navigation; Login; Dashboard ADNOC in developing the field, followed by Exxon, in 2006. Project summary. Upper Zakum oil field has been redeveloped with four oval-shaped artificial islands measuring 2,000ft to 2,600ft in diameter. Wikipedia. Get up-to-date project details, participants and contacts and latest news on ZAWYA - MENA Edition The field is operated by ADNOC Offshore on behalf of its shareholders, ADNOC, ExxonMobil and JODCO. The field currently produces 640,000 barrels of oil a day (bpd). Adnoc said it has already committed approximately $22bn, along with its operating partners, towards raising the Upper Zakum hydrocarbon field’s oil output to 750,000 b/d (UZ750) from about 640,000 b/d at present. It is located 80km off the coast of Abu Dhabi, constructed on artificial islands. Expertise in logistics supports unique modular project delivery. Export to Excel. to. Zakum Development Company (ZADCO) intends to further develop its oil production facilities by means of installing a number of Artificial Islands at Upper Zakum Field. Abu Dhabi, Energy Abu Dhabi’s ADNOC, ExxonMobil sign agreement to explore R&D opportunities. Offshore staff. Actions. Upper Zakum is the second largest offshore oilfield and fourth largest oilfield in the world, and is owned by Zakum Development Company (ZADCO), a joint venture of ADNOC (60%) acting as the operator, ExxonMobil (28%) and Japan Oil Development Company (Jodco-12%), a wholly owned subsidiary of INPEX. 2013. Currently JODCO is involved, through the Operating Company ADNOC Offshore, in the development of the Upper Zakum oil field, as well as the Satah and Umm Al Dalkh oil Fields. It is processed further: pumped through main oil lines measuring around 55km to Zirku Island for storage and export. Adnoc first partnered with Japan Oil Development Company (Jodco), which is wholly owned by Inpex, to develop Upper Zakum in 1977. Oil was first discovered in Upper Zakum in 1963 and in 1978, Jodco, a wholly-owned Inpex subsidiary, partnered with Adnoc in developing the field, followed by Exxon, in 2006. The Upper Zakum field is the second largest offshore oil field and fourth largest oil field in the world, the statement said. ), is the second largest offshore oil field in the world. In 2015, Inpex acquired a 5 per cent participating interest in the ADCO Onshore Concession, now operated by ADNOC Onshore. Zadco - Upper Zakum Full Field Development - Details. The field is a massive low-relief, east-west anticline that measures 40 kilometres in length and 28 kilometres in width.The field produces light sour crude (34 - 40 °API) from Cretaceous carbonates. End date. The Upper Zakum Oil Field Arabic: حقل زاكوم العلوي is an oil field 84 km north west of Abu Dhabi Islands. Field project, United Arab Emirates ( U.A.E was first discovered in 1963 ADNOC... 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