Abu Dhabi set for oilfield investment bonanza

摘要

ABU Dhabi National Oil Company (Adnoc) is expected to spend billions of dollars over the next few years to boost its oil output capacity in a move that will involve a mix of onshore and offshore development projects. The oil-rich emirate is laying the groundwork for multiple brownfield and greenfield developments to help scale up its oil production capacity to 5 million barrels per day by the end of this decade.