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  1. Market Data
April 28, 2022

Aqam Conventional Oil Field, UAE

By Carmen

Aqam is a conventional oil development located in shallow water in the UAE and is operated by Dubai Petroleum Establishment.

The project is currently in commissioning stage and is expected to start commercial production in 2022. The Aqam conventional oil development will includes wellhead platform.

Field participation details

The field is owned by Dubai Petroleum Establishment.


Production from Aqam

Production from the Aqam conventional oil development project is expected to begin in 2022 and is forecast to peak in 2039, to approximately 75,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2045.


Remaining recoverable reserves

The field is expected to recover 486.55 Mmboe, comprised of 486.55 Mmbbl of crude oil & condensate.


Contractors involved in the Aqam conventional oil field

Some of the key contractors involved in the Aqam project as follows.

Main EPC: TechnipFMC

EPC Contractors: Dubai World

About Dubai Petroleum Establishment

Dubai Petroleum Establishment (Dubai Petroleum) is an oil and gas company that offers upstream exploration and production programs. The company’s products portfolio comprises natural gas, crude oil and petroleum products. It offers services such as processing facilities operations, offshore petroleum properties operations and management, waterflood facility operations, gas lift compression and single point mooring system solutions. Dubai Petroleum also provides underwater storage facility and vessels storage services, water injection and gas transferring services, among others. The company’s offshore assets comprise Fateh, Falah, Southwest Fateh and Rashid. Dubai Petroleum is headquartered in Dubai, the UAE.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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