Country Report
United Arab Emirates upstream summary
Report summary
The United Arab Emirates (UAE) is a major oil producing and exporting country located on the Arabian peninsula. The country is a confederation of seven states, or emirates, of which Abu Dhabi and Dubai are by far the most important politically and economically. Most of the UAE's oil and gas production (>95%) is in Abu Dhabi. Abu Dhabi started producing oil in the early 1960s and became a member of OPEC in 1967, four years before the different parts of the UAE united to become one country. The UAE is strategically located at the foot of the Persian Gulf. The country has a coastline on the Gulf and one facing the Arabian Sea opening out to the Indian Ocean. Onshore oil production is exported from terminals on the Gulf coast and there are offshore terminals located on Das and Zirku Islands off Abu Dhabi. The ADGAS LNG plant is also based on Das Island.
Table of contents
-
Executive summary
- Oil & NGLs production
- Gas production
- Key facts
- Location maps
-
Key companies
- ADCO expiry
- ADMA expiry
- Other companies
-
Geology
- Introduction
-
Regional Tectonic Framework
- Major Petroleum Plays
-
Exploration
-
Licensing
- Exploration bid rounds
-
Historical licence awards
- Abu Dhabi
- Recent Abu Dhabi awards
-
Dubai and the Northern Emirates
- Dubai
- Northern Emirates
-
Drilling
- Drilling activity
- Success rates
-
Licensing
-
Reserves and resources
- Oil
- Gas
-
Production
- Oil/Liquids
- Crude Oil
-
NGLs
- Export pricing and policy
- OPEC policy
- Gas
-
Infrastructure
- Introduction
- Oil infrastructure
-
Current refinery infrastructure
- Refinery expansions and brownfield projects
- Gas infrastructure
-
Gas Processing Facilities
- ADNOC LNG (ADGAS) Plant
- GASCO (ADNOC Gas Processing) Facilities
- Integrated Gas Development
-
Gas import infrastructure
- Dolphin pipeline
- LNG import terminals
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
-
Policy and regulation
- Key legislation
-
Political background
- Abu Dhabi
- Dubai
- Sharjah
-
Regulatory body
- Abu Dhabi
- Dubai
- Sharjah
-
State oil company
- ADNOC Onshore
- ADNOC Offshore
- ADNOC LNG (ADGAS)
- Abu Dhabi Gas Processing (GASCO)
- Al Yasat
- Al Dhafra
- Licensing
-
Fiscal terms
- Overview
-
Upstream
- Technical Evaluation Agreements
-
Midstream/Downstream
- Pipelines
- Gas utilisation
- Current fiscal terms
- Concession Agreements, from 1953 to Recent
- Contract Term
- Obligatory work programme
-
State Equity Participation
- Participation Rate
-
Bonuses, rentals and fees
- Signature bonuses
- Participation fees
- Production bonuses
- Area rentals
- Other bonuses and fees
- Royalty
-
Product Pricing
- Liquids Pricing
- Natural Gas Pricing
-
Corporate (or Petroleum) Income Tax
- Tax Rate
- Taxable Income
- Fiscal/Contractual Ring Fences
- Sample Cash Flow - Concession terms
-
Historical background
- Pre-1980
- Relinquishment
Tables and charts
This report includes 37 images and tables including:
- Key facts: Table 1
- Location maps: Image 1
- Liquid Production (Crude Oil & NGLs)
- Sales Gas Production
- Liquids and Gas Production 2018
- Reserves and contingent resources at 01/01/2020
- UAE: Sedimentary Basins
- Geology: Image 2
- Reserves and resources: Table 1
- Oil, Other Liquids and Gas Production and Reserves
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Liquid Production (Crude Oil & NGLs)
- Production: Table 3
- Production: Table 4
- Sales Gas Production
- Oil infrastructure map
- Infrastructure: Table 1
- Infrastructure: Table 2
- Gas Infrastructure Map
- Infrastructure: Table 4
- ADNOC Directorates and Subsidiaries
- Fiscal terms: Table 1
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- 2018 exploration bid rounds
- Abu Dhabi
- Northern Emirates
- Exploration Drilling by Region
- Drilling Activity by Well Type
- Drilling Activity and Commercial Success Rates
- Infrastructure: Table 3
- Capital Expenditure by Region (US$ Million)
- Fiscal terms: Table 2
- GEM models
What's included
This report contains:
Other reports you may be interested in
25 October 2019
United Arab Emirates upstream summary slides
Country Report
United Arab Emirates upstream summary slides
To complement our more detailed upstream summary we provide a slide-pack of the key issues.
$2,70004 July 2018
United Arab Emirates upstream fiscal summary
Country Report
United Arab Emirates upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,65018 July 2019
United Arab Emirates product markets long-term outlook H1 2019
Commodity Market Report
United Arab Emirates product markets long-term outlook H1 2019
Wood Mackenzie's outlook for the fundamentals of the United Arab Emirates oil products market.
Trusted by leading organisations
