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November 25, 2021updated 26 Nov 2021 5:27am

Lower Zakum Conventional Oil Field, UAE

By Carmen

Lower Zakum is a producing conventional oil field located in shallow water in the UAE and is operated by Abu Dhabi National Oil. The field is located in block Lower Zakum, with water depth of 79 feet.

Three expansion projects are associated with the Lower Zakum conventional oil field, namely Lower Zakum Expansion, Lower Zakum LTDP-2 and Lower Zakum LTDP-1. The expansion projects are currently in the feasibility stage.

Field participation details

The field is owned by Abu Dhabi National Oil, Inpex, China National Offshore Oil, Oil and Natural Gas, Eni, Indian Oil, Bharat Petroleum, China National Petroleum and TotalEnergies.


Production from Lower Zakum

The Lower Zakum conventional oil field recovered 51.57% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 450.03 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 4,492.79 Mmboe, comprised of 4,492.79 Mmbbl of crude oil & condensate. Lower Zakum conventional oil field reserves accounts 0.93% of total remaining reserves of producing conventional oil fields globally.


About Abu Dhabi National Oil

Abu Dhabi National Oil Co (ADNOC) is an integrated national oil and gas group. It operates across the entire hydrocarbon value chain, ranging from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products. The company product portfolio includes crude oil and condensates, petroleum products, gas and Sulphur, ADNOC is controlled and supervised by The Supreme Petroleum Council (SPC). The company also manufactures urea, nitrogen and liquid oxygen. It also provides sour gas, liquefied natural gas (LNG) and polyolefins. Its oil, gas, refined products and petrochemicals are marketed in six continents. ADNOC is headquartered in Abu Dhabi, the UAE.

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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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