Abu Dhabi Delays Target
Abu Dhabi Marine Operating Company (ADMA-OPCO) on 18 June said full 100,000 b/d oil field development of the offshore Umm Lulu field will form part of a 400,000-1mn b/d boost to the emirate’s output by 2020.
This is effectively acknowledgment that a long-standing 3.5mn b/d production goal – set in the last decade – has been pushed back even further, to 2020.
The target, originally 2015, is now...