Middle East Economic Survey

VOL. LII

No 48

30-Nov-2009

UAE

Zadco Launches Long-Anticipated Capacity Push

The UAEs state-owned Zakum Development Company (Zadco) is pushing ahead with delayed plans for a multi-billion dollar 200,000 b/d capacity expansion at is 550,000 b/d offshore Upper Zakum oil field. The incremental capacity was to have been on stream by 2011, but a review of the development strategy with a view to cutting costs has pushed this back to 2015. Costs on the development, which has to...