First oil marked at Al Dhafra Petroleum's Haliba in Abu Dhabi
Al Dhafra Petroleum is a JV formed in 2014 between the UAE's Adnoc and South Korea's NOC and GS Energy
Al Dhafra Petroleum – a joint venture formed in 2014 between Abu Dhabi National Oil Company (Adnoc), Korea National Oil Company, and GS Energy – has started producing crude oil as part at the Haliba field in Abu Dhabi, which will serve as the main production hub at its concession area.
Haliba field, located along the southeast border of Abu Dhabi, is part of Adnoc’s ambition to raise its production to four million barrels per day (bpd) by the end of 2020.
Al Dhafra Petroleum's appraisal programme in Haliba field helped it discover 1.1 billion barrels of original oil in place (OOIP), much higher than the 180 million barrels it initially estimated.
The firm has also discovered potential resources in the Al Humrah, Bu Tasah, and Bu Nikhelah oil fields following intensive exploration programmes.
Adnoc said initial production from the Haliba field would progressively increase to 40,000 bpd by the end of 2019 as Al Dhafra Petroleum further unlocks the potential of the field.
Al Dhafra Petroleum said Haliba would strengthen the UAE’s and South Korea’s strategic bilateral relations and long-term partnership with the Asian country’s energy sector.
A ceremony was held to mark the milestone at the Adnoc headquarters in Abu Dhabi, where HE Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc's group chief executive officer, hosted a delegation of high-level officials.
Commenting on the project, Al Jaber said: “The start of production from Haliba field highlights the important role of energy cooperation in strengthening the close and deep-rooted strategic relationship between the UAE and South Korea.
“Adnoc has a successful history of partnership with South Korea’s energy sector, and we continue to place great importance on this strategic partnership as we accelerate delivery of our 2030 smart growth strategy.”