Asset Report
ADMA-OPCO Contract Area
Report summary
The Abu Dhabi Marine Operating Company (ADMA-OPCO) operates four light sour crude producing fields; Umm Shaif, Lower Zakum, Umm al Lulu, and Nasr. Umm Shaif was Abu Dhabi's first offshore oil discovery in 1958. It is located 150 kilometres northwest of Abu Dhabi city, in water depths of less than 20 metres. Lower Zakum is located southeast of Umm Shaif, closer to shore. Oil production from both fields is transported by pipeline to the processing and export terminal on Das Island, about 30 kilometres west of Umm Shaif. Three new fields on the ADMA acreage - Umm al-Lulu, Nasr and Satah al-Razboot (SARB) - are under development. Umm al Lulu and Nasr are included in this analysis, whereas Satah al-Razboot is excluded as it is being developed on a sole risk basis by the Abu Dhabi National Oil Company (ADNOC).
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Contract renewal
- ADMA/ZADCO merger
- New field development
- Gas handling
- Location maps
-
Participation
- New Concession awards
-
Geology
-
Umm Shaif
- Structure
- Reservoirs
-
Lower Zakum
- Structure
- Reservoirs
-
Umm Shaif
- Well data
- Exploration
-
Reserves and resources
- Oil
-
Gas
- Initial contract period 1953-2018
-
Production
- Oil
- Gas
-
Development
-
Key Development Metrics
- Lower Zakum & Umm Shaif
- Umm al Lulu
- Nasr
-
Background information
- Umm Shaif and Lower Zakum
- Umm al Lulu and Nasr
-
Key Development Metrics
-
Infrastructure
- Oil pipelines
- Gas pipelines
-
Costs
-
Capital Costs
- Post contract costs
- Operating Costs
-
Capital Costs
-
Sales contracts
- Oil
- Gas
-
Fiscal and regulatory
- Royalty
- Capital depreciation
- Operating costs
- Taxation
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil Price
- Gas price
- Global Economic Model (GEM) File
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Well data: Table 1
- Cash Flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Present Value Price Sensitivities
- Participation: Table 2
- Production: Table 1
- Production: Table 2
- Production Profile
- Infrastructure: Table 1
- Costs: Table 3
- Sales contracts: Table 1
- Geology: Table 1
- Geology: Table 2
- Reserves and resources: Table 1
- Costs: Table 1
- Costs: Table 2
What's included
This report contains:
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