Oil & Gas Sector
ADNOC (Abu Dhabi National Oil Company): ADNOC remains the central player in the UAE’s oil and gas sector, offering extensive opportunities for local and international businesses.
ADNOC is currently focusing on several key areas aligned with its long-term strategic goals:
Decarbonization and Sustainability:
ADNOC is investing heavily in decarbonization initiatives, with plans to achieve net-zero emissions by 2045. This includes expanding its carbon capture and storage capabilities, electrification of offshore operations, and increasing investments in low-carbon ammonia production and clean energy solutions(ADNOC - Maximum Energy Minimum Emissions)
Local Manufacturing and In-Country Value (ICV):
ADNOC has set an ambitious target of boosting local manufacturing to $24.5 billion by 2030. This is part of its ICV program, which aims to increase local content in its supply chain, foster economic development in the UAE, and create more job opportunities for Emiratis
Energy Transition:
ADNOC is positioning itself as a leader in the global energy transition by investing in renewable energy projects and working towards producing 1 million tonnes of green hydrogen annually by 2030. They are also emphasizing partnerships and innovation in sectors like artificial intelligence and digitalization
ADNOC’s focus on sustainability and local manufacturing highlights opportunities for businesses that can offer innovative, low-carbon solutions or services that align with its ICV and decarbonization objectives.
Business Opportunities:
Upstream (Exploration & Production):
Opportunities exist in offshore and onshore oil and gas exploration, as well as development projects for newly discovered oil fields.
Midstream (Transportation & Storage):
Partnerships to enhance crude oil transportation pipelines and storage systems, particularly with ADNOC’s focus on expanding export capabilities.
Downstream (Refining & Petrochemicals):
ADNOC is actively seeking investments in refining and petrochemical projects, including joint ventures and new production facilities for products like polypropylene and polyethylene.
Sustainability Initiatives:
ADNOC is transitioning toward a low-carbon economy by investing in carbon capture, utilization, and storage (CCUS) technology to reduce greenhouse gas emissions. They also plan to expand in blue ammonia production for export markets.
Specific Products/Technologies/Services:
Technologies:
Enhanced Oil Recovery (EOR):
Techniques such as gas injection, water flooding, and thermal recovery, offering opportunities for companies specializing in these technologies.
Digital Oilfields:
Use of big data, artificial intelligence (AI), and machine learning (ML) for real-time monitoring and decision-making in exploration and production operations.
Asset Integrity Management Systems (AIMS):
Technologies for the inspection and monitoring of pipelines, refineries, and offshore platforms.
Products:
Petrochemical Derivatives:
Opportunities in supplying raw materials and chemicals for ADNOC's downstream petrochemical expansion projects.
Pipeline Materials:
Supplying specialized materials for pipeline infrastructure.
Services:
Engineering, Procurement, and Construction (EPC):
Service providers are needed for turnkey projects, including refining facilities, offshore platforms, and storage terminals.
Maintenance & Reliability:
Services to maintain ADNOC’s extensive oilfields, pipelines, and refineries.