Abu Dhabi Company for Onshore Oil Operations
ADCO was created by the Abu Dhabi National Oil Company (ADNOC) to explore and operate the onshore and shallow coastal water of the Emirate of Abu Dhabi.
First oil and gas concessions were signed in Abu Dhabi in 1939 with Petroleum Development (Trucial Coast) Ltd, but the exploration started only in 1950 with the first discovery made in the actual Bab field.
ADCO was incorporated as a joint venture on 1978 and has been responsible, since February 1979, for onshore Abu Dhabi operations in the concession area covering more than 21,000 square kilometers.
In ADCO, ADNOC is leading the joint venture where the working interests are shared between:
– ADNOC 60% is the operator
– BP 9.5%
– ExxonMobil 9.5%
– Shell 9.5%
– Total 9.5%
– Partex 2%
With its onshore oil and gas fields mandate, ADCO explores and develops six oil and associated gas fields such as Asab, Bab, Buhasa, Sahil, Shah, North-East Bab (NEB) with Dabbiya, Rumaitha and Shanayel,
With these six fields, ADCO delivers 65% of the UAE total crude oil production of 2.5 million barrel of oil equivalent (boe) per day.
Under the govern of its stakeholders, ADCO defines its mission to explore, develop and produce hydrocarbons within its concession with the:
– Maximum efficiency and safety
– Optimum cost
– Minimum impact on the environment
– Continuous improvement
– Highest standards of honesty and integrity.
ADCO Key Figures
As a national oil company ADCO does not published results.
In 2012, ADCO produces 1.4 million barrel of oil equivalent (boe) per day.
In order to meet OPEC quotas 2017, ADCO is targeting 1.8 million b/d.
ADCO Projects and Business Highlights
ADCO‘s concessions will be renewed in 2014, meaning in practice the replacement or not of the actual companies sharing interests in ADCO together with ADNOC.
BP did not receive an invitation but says to be in discussion with Abu Dhabi’s Government.
One of the reason is the outstanding performances of these companies in enhanced oil recovery (EOR) leading to recovery rates equal or exceeding 50%
This kind of expertise shall be fruitful to ADCO to implement its Vision 2020 program.
ADCO’s Vision 2020 is to:
– Contribute to Abu Dhabi targets to increase crude oil production in line with OPEC allocated quotas for 2017 and to compensate depleting fields.
ADCO’s Vision 2020 is driven by:
– Highest standards of HSE performance in the industry
– Leadership competency to manage an increasingly complex business
– Optimum reservoir development and management strategies to maximize recovery while minimizing cos
– Proven technologies and strategies to enable the most efficient field development
– Integrity of the facilities on a cost effective basis to optimise system availability.
Among the key projects ADCO is working on:
– Nitrogen Gas Injection (NGI) in Thamana F
– Bab Gas Compression Project phase 2 to boost production from the Bab field to 2.5 billion cf/d of natural gas
– Asab Full Field Development to increase production from 290,000b/d to 340,000 b/d of crude oil.
With the support of its actual partners BP, ExxonMobil, Partex, Shell, Total or potential new ones, OMV, Statoil and Wintershall, ADCO will have to invest massively to overcome two challenges: increase crude oil production to meet OPEC quotas, and find gas wherever possible to secure Abu Dhabi independence.