ADNOC Umm Shaif Gas Cap FID
Analysis based on 19 articles · First reported Jul 21, 2026 · Last updated Jul 21, 2026
The investment strengthens Abu Dhabi National Oil Company's gas growth strategy and reinforces the UAE's position as a reliable global energy supplier. It signals continued capital expenditure in the oil and gas sector, benefiting contractors and service companies.
Abu Dhabi National Oil Company has taken a $6.2 billion final investment decision (FID) to develop the Umm Shaif Gas Cap in Abu Dhabi, alongside partners TotalEnergies, Eni, and PetroChina — China National Petroleum Corporation (CNPC). The project is expected to unlock over 600 million standard cubic feet per day of natural gas and associated gas liquids by 2030, equivalent to nearly 10% of the UAE's current daily gas consumption. The FID includes three engineering, procurement and construction (EPC) packages totaling $5.1 billion for offshore infrastructure and a $365 million drilling program by ADNOC Drilling. This decision follows the recent award of the Bab Gas Cap concession and supports Abu Dhabi National Oil Company's strategy to expand LNG capacity to 47 million tonnes per annum by 2035.
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