Abu Dhabi’s Upper Zakum ramp up ‘on track’: Tillerson

摘要

Dubai—Abu Dhabi’s Upper Zakum expansion project is on track to reach 750,000 b/d of production capacity by 2018, ExxonMobil chairman and CEO Rex Tillerson said Monday. Tillerson, speaking at the Abu Dhabi Petroleum Exhibition and Conference, also said he was looking forward to Upper Zakum, the UAE’s largest offshore oil field, producing 1 million b/d “in the near future.” ExxonMobil, with a 28% interest in Abu Dhabi National Oil Co. operating subsidiary Upper Zakum Development Co. (Zadco), is the leading international investor in the Upper Zakum concession. Adnoc holds 60% of Zadco while Japan Oil Development Co., or Jodco, has the remaining 12% stake.