Dubai \u2013 Adnoc has revealed ambitious plans to significantly enhance its oil and gas production capabilities through the year 2028. During a presentation of its exploration and production project list for the next two years, valued at billions of dollars, the company detailed its strategic roadmap. Adel Al Yafei, Senior Vice President of Commercial and Execution Operations, confirmed that a strict timeline governs the execution of these initiatives.<\/p>\n
The Abu Dhabi National Oil Company plans to launch tenders for developing offshore sour gas fields and constructing an export gas pipeline in 2027. Additional projects aim to improve oil recovery rates. For 2028, the firm intends to develop both onshore and offshore oil fields, execute a comprehensive onshore gas project, and upgrade storage facilities while advancing digital transformation and infrastructure updates.<\/p>\n
These extensive works support the company\u2019s goal of reaching a production capacity of five million barrels per day by 2027, up from 4.85 million barrels currently. Earlier announcements indicated intentions to award projects worth approximately 55 billion dollars between 2026 and 2028. The strategy includes drilling services, well completion activities, and operational maintenance for compressors and turbines across upcoming years.<\/p>\n
Al Yafei emphasized during the Make it with Adnoc forum that demand is real and schedules are fixed. In 2026 alone, the group awarded ten major engineering contracts and processed over eight thousand supply orders involving more than fifteen hundred suppliers. To streamline processes, Adnoc aims to reduce tender cycle times by forty percent without compromising preparation periods, doubling its engineering procurement construction principles to twenty core tenets.<\/p>\n
Starting November first, 2026, bids will be evaluated using a seventy percent commercial terms and thirty percent local value added criteria. The company has made manufacturing opportunities exceeding sixty billion dirhams available to UAE suppliers until 2030. These measures ensure robust participation while maintaining high standards for technical and commercial excellence across all international and domestic partnerships involved in this massive expansion phase.<\/p>\n
This story was produced in the newsroom from the disclosed sources named above.<\/em><\/p>\n