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Bloomberg: Abu Dhabi to Boost Onshore Oil Output by 600,000 Barrels a Day

By Andy Critchlow

Jan. 24 (Bloomberg) — Abu Dhabi and partners including Exxon Mobil Corp. and Royal Dutch Shell Plc. plan to boost output from five onshore oil fields by 600,000 barrels a day as it seeks to increase its share of world supply.

Abu Dhabi Company for Onshore Oil Operations is seeking bids from consultants to manage projects that will raise onshore output to 1.8 million barrels a day from five existing oil fields by 2011, according to a copy of tender documents.

The fields, located southwest of Abu Dhabi city, earmarked for expansion are Ruwais, Bida al-Qemzan, Bab Thamama G and Thamama 2, Qusahwira and North East Bab Phase 2, according to the tender sent to prospective bidders this month and forwarded to Bloomberg.

Abu Dhabi, the largest sheikhdom in the United Arab Emirates, plans to increase total onshore and offshore production capacity to 4 million barrels a day, up from 2.65 million barrels a day, by the end of the decade.

Plans to develop the fields will first have to be approved by partners in the company, also known as ADCO, which is majority owned by Abu Dhabi’s government, with Exxon, Shell, Total SA, BP Plc and Partex, according to the tender.

The U.A.E. and nine other members of the Organization of Petroleum Exporting Countries that adhere to production quotas, including Saudi Arabia and Kuwait, plan projects estimated to cost at least $100 billion to increase daily output capacity to help meet rising demand, according to OPEC’s official Web site.

To contact the reporter on this story: Andy Critchlow in Dubai at at [email protected]
Last Updated: January 24, 2007 04:00 EST

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