Al Dhafra Petroleum has announced the start of crude oil production from the onshore Haliba field in Abu Dhabi, with plans to boost output to 40,000bpd by the end of this year.
Adnoc owns a 60% stake in Al Dhafra Petroleum while the remaining 40% is held by the Korea National Oil Company (KNOC) and GS Energy.
Additionally, the company discovered potential resources in three new fields in its concession area, said Adnoc.
The extensive appraisal programme of the JV enabled Al Dhafra to discover more than 1.1 billion barrels of original oil-in-place (OOIP), compared with the initially estimated 180 million.
Al Dhafra discovered potential resources in three new fields namely Al Humrah, Bu Tasah, and Bu Nikhelah, following intensive exploration programmes.
Also called as Area 1, the Haliba field is one of three exploration blocks granted to the South Korean group, along with onshore Area 2 and offshore Area 3, with estimated combined reserves of 2.3 billion barrels of oil.
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By GlobalDataAdnoc CEO Sultan Ahmed Al Jaber said: “First oil from Haliba demonstrates our ambition to unlock and maximise value from all of Abu Dhabi’s oil and gas resources to create long-term and sustainable returns for the UAE and our partners as we respond to the world’s growing demand for energy.
“Adnoc is committed to delivering a more profitable upstream business and expanding our oil production capacity, and the production from Haliba field is an integral part of achieving our targets.”
Haliba field consists of 230 million barrels of oil reserves. It is being developed by Adnoc and the South Korean firms under an agreement signed in May 2015.
According to Adnoc, Haliba field will serve as the main production hub in Al Dhafra’s concession area.
