Gulf Oil and Gas accountACCOUNT

First Oil Flows from Hail Field Offshore Abu Dhabi

Source: www.gulfoilandgas.com 11/8/2017, Location: Middle East

Share |
Hail oil field was put into production on November 7 in the Abu Dhabi Oil Company (ADOC) concession by Cepsa and Cosmo Oil, through the company Cosmo Abu Dhabi Energy Exploration & Production Co. Ltd, which is one of ADOC’s shareholders with a 64.4% stake.

Hail is the fourth offshore crude oil field to start production in the ADOC concession in addition to the Mubarraz field, Umm Al-Anbar field and Neewat Al- Ghalan fields. All of them are located in shallow waters to the West of Abu Dhabi and were put into production in 2017, 1973, 1989, and 1995, respectively.

The Hail field will allow the company to significantly increase its production. The Hail field is adjacent to the existing fields, making maximum use of facilities already in use. It is located on an artificial island communicated via subsea pipeline to current production and export facilities on Mubarraz Island. The development also includes 10 producing wells.

The Hail oil field was acquired when the existing oil fields renewed their concessions for 30 years on December 12, 2012. After the acquisition of the concession, ADOC carried out the analysis process such as the 3D seismic survey and drilling of the appraisal wells, reclamation of the new artificial island and construction of facilities, as well as drilling new wells.

Cepsa holds a 20% stake in Cosmo Abu Dhabi Energy Exploration & Production Co.Ltd. The other 80% interest belongs to Cosmo Oil, one of Japan’s largest companies in the sector. Both Cepsa and Cosmo form part of Mubadala Investment Company’s portfolio (Cepsa 100% and Cosmo 20.8%) and have significant synergies between them.

The operation strengthens Cepsa's presence in Abu Dhabi, where the company has operated a subsidiary since 2013, as well as its relationship with Cosmo Oil, a renowned international partner that has been working in this location for over 40 years.

Production News in United Arab Emirates >>

China >>  9/18/2018 - CNOOC Limited has announced that the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production. ...
Gabon >>  9/17/2018 - BW Offshore is pleased to announce that first oil from the BW Adolo FPSO was safely achieved on 16 September 2018, 18 months after the initial investm...

Romania >>  9/17/2018 - Prospex Oil and Gas Plc, the AIM quoted investment company, has been advised by the operator, Raffles Energy S.R.L., that first gas production has com...
United Kingdom >>  9/14/2018 - A ship-to-ship transfer of crude oil has been carried out at the Port of Sullom Voe, Shetland, for the first time in almost three years. ...

Iraq >>  9/10/2018 - Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq (Kurdistan or Kurdistan Region) announces its res...
Russia >>  9/10/2018 - LUKOIL has commissioned a steam generation farm at Yarega field of highly viscous oil in the Republic of Komi. The facility is to build up production ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

 

Oil & Gas Companies in United Arab Emirates >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.