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Additional reporting by Peter Ward
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The Abu Dhabi National Oil Company (ADNOC) is the state-owned enterprise in charge of Abu Dhabi’s oil and gas reserves.
The company has earned itself a reputation within the oil & gas industry over the past few years as being one of the few national oil companies (NOCs) that strikes the right balance between fulfilling its responsibilities to both the public and private sector.
Becoming fully nationalised in 1971, ADNOC has grown exponentially since, investing heavily across the whole hydrocarbons sector. The company now has 11 subsidiary companies that work across the whole hydrocarbons industry from upstream through to transportation, refining and petrochemicals.
So, in the second of ArabianOilandGas.com’s special features we take an in-depth look at the company entrusted by Abu Dhabi to look after the world’s sixth largest reserves of oil and fifth largest reserves of gas.
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Facts & Figures
Founded: 1971
Headquarters: Abu Dhabi, UAE
Chairman and CEO: Yousef Omeir bin Yousef
Employees: 23,000
Net export revenues: US$72 billion (estimated) in 2008
Crude oil reserves: 97 billion barrels as of year-end 2008.
Gas reserves: 6 trillion cubic metres
Crude oil production: 2-2.4 million bpd.
How much unconventional gas has been discovered to date?
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