UAE's Adnoc finishes one of world's largest supercomplex installations
The megastructure at the Nasr oil field is said to be one of the largest superstructures installed today
Abu Dhabi National Oil Company Offshore (Adnoc Offshore), the oil and gas company's delivery arm, has installed all 'supercomplex' facilities at the Nasr oil field off the coast of the UAE capital.
The company described the “megastructure” as “one of the largest supercomplexes in the world”, according to a tweet from Adnoc Group's official Twitter account on 21 October.
In conjunction with oil prices reaching a four-year high this month, petroleum-producing nations, such as the UAE, are ramping up oil production in response to rising demand and mounting US sanctions on Iranian exports.
ADNOC Offshore successfully & safely completes the installation of all Nasr supercomplex facilities. This megastructure is one of the largest supercomplexes in the world, with Nasr field contributing to ADNOC’s end of 2018 oil production capacity target of 3.5 million b/d. pic.twitter.com/ldvGLfxrF8
— ADNOC Group (@AdnocGroup) October 21, 2018
In light of these global developments, Adnoc Offshore said the safe installation of all supercomplex facilities at Nasr would fuel its goal of producing up to 3.5 million barrels per day. Adnoc's average production capacity is approximately three million barrels of oil per day, making it the 12th largest producer in the world.
Earlier this month, it was revealed by Reuters that the company was planning to build an underground storage facility deep in the mountains of Fujairah, UAE. According to unnamed sources familiar with the matter, the bunker will be located in Mandous and be large enough to store up to 40 million barrels of oil.
Due to its geographic positioning on the eastern seaboard of the UAE, Fujairah is a strategic logistics and shipping destination where tankers often bunker to refuel before embarking upon journeying to Asia.