Article: UAE: Contract award for long-stalled 200,000 barrel per day offshore oil field production expansion project, EXXONMOBIL [USA] Order #: 088504.

PROJECT OVERVIEW:

The oil authorities of Abu Dhabi have finally designated US-based EXXONMOBIL as its strategic partner in the development of the giant offshore Upper Zakum oil field. The long-awaited decision was taken some 3 months ago, but a formal announcement has been postponed up until now because of the politically sensitive nature of the matter.

According to the terms of the agreement EXXONMOBIL will undertake the prime task of further developing the field. Upper Zakum's current production capacity is around 550,000 barrels per day (b/d) and the field is programmed for expansion to approximately 750,000 b/d. The increase in Upper Zakum ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!