ADNOC — ADNOC SANCTIONS $6.2B UMM SHAIF GAS CAP PROJECT; AIMS FOR 600 MMSCFD OUTPUT

ADNOC has made a final investment decision (FID) on the $6.2 billion (AED 22.6 billion) Umm Shaif gas cap development project. The project, a partnership with TotalEnergies, Eni, and CNPC, is designed to produce over 600 million standard cubic feet per day of gas, boosting the UAE's domestic supply. First production is targeted for 2030, with ADNOC Drilling set to commence a $365 million, 18-month drilling program for 14 wells.