UAE has long been a leader within the oil and gas industry, with its vast reserves of natural resources. In this article, we will be looking at the top 10 oil and gas companies in UAE and exploring how their businesses have developed over the years. Find out more about their successes, challenges and future plans!
Top 10 Oil and Gas Companies in UAE
1. Abu Dhabi National Oil Company (ADNOC)
The Abu Dhabi National Oil Company (ADNOC) is the state-owned oil company of the United Arab Emirates (UAE). ADNOC is one of the world’s largest oil and gas companies, with estimated proved reserves of around 98.2 billion barrels of oil and 10.8 trillion cubic feet of gas. It is also one of the most profitable companies in the world, with an annual net income of US$23.3 billion in 2019.
ADNOC was founded in 1971, when the UAE was formed from the merger of seven emirates, each with its own separate oil company. The new country needed a national oil company to manage its vast natural resources and coordinate exploration and production activities across the country. ADNOC was initially owned jointly by the governments of Abu Dhabi (60%), Dubai (30%) and Sharjah (10%).
Since then, ADNOC has grown to become a truly global company, with operations in more than 40 countries around the world. In 2018, it produced an average of 3 million barrels of oil per day and 1.6 billion cubic feet of gas per day. It has also made significant investments in renewable energy and currently has a portfolio of solar, wind and hydrogen projects totaling over 4 gigawatts (GW) of capacity. ADNOC’s upstream business includes exploration, development and production activities both onshore and offshore Abu Dhabi.
2. Emdad services LLC
Emdad Services LLC is a company based in the United Arab Emirates (UAE) that provides a range of services to the oil and gas industry. It is a subsidiary of Emirates National Oil Company (ENOC). Emdad Services LLC provides support services for ENOC’s businesses and operations, including maintenance, repair and overhaul, and construction services.
The company’s scope of work includes electrical, mechanical, and instrumentation services for oil and gas installations. Emdad Services LLC is committed to providing high-quality services to its clients, ensuring that its services meet the industry standards and regulatory requirements.
3. Dubai Petroleum
Dubai Petroleum is one of the leading oil and gas companies in the United Arab Emirates. It is a subsidiary of the Dubai government and is responsible for the exploration, production, and marketing of crude oil and natural gas in the emirate of Dubai. The company has a strong presence in both onshore and offshore oil and gas fields in Dubai.
Dubai Petroleum was founded in 1971 as the Dubai Oil Company. It was later renamed to its current name in 1999. The company is headquartered in Dubai, United Arab Emirates. As of 2018, it employs around 4,000 people.
The company has interests in several oil and gas fields in Dubai, including the Fateh field, which is located offshore of Jebel Ali; the Falah field, located offshore of Abu Dhabi; and the Rashid field, located onshore near Dubai city. In addition to these fields, Dubai Petroleum also has stakes in several other international oil and gas projects.
4. Emirates National Oil Company (ENOC)
ENOC is a UAE-based oil and gas company that was founded in 1971. The company is owned by the government of Dubai and is one of the largest oil and gas companies in the UAE. ENOC has operations in exploration, production, refining, marketing, and transportation of crude oil and natural gas. The company also has a petrochemical division that produces chemicals used in a variety of industries.
ENOC is one of the leading oil and gas companies in the UAE and has played a major role in the development of the country’s oil and gas industry. The company has made significant investments in exploration and production activities over the years and is currently engaged in several major projects across the UAE. ENOC is also involved in a number of social responsibility initiatives aimed at supporting the community in which it operates.
5. Sharjah National Oil Corporation (SNOC)
The Sharjah National Oil Corporation (SNOC) is a state-owned oil and gas company in the United Arab Emirates (UAE). The company was established in 1971 by decree of the Ruler of Sharjah, Sheikh Khalid bin Mohammed Al Qasimi. SNOC is responsible for the exploration, production, refining, and marketing of oil and gas in Sharjah.
The company’s crude oil reserves are estimated at 4 billion barrels, and its natural gas reserves are estimated at 25 trillion cubic feet. SNOC operates three oil fields in Sharjah: Sajaa, Rimal, and Badr. The company also operates two gas fields in Sharjah: Khor Fakkan and Hamriyah. In addition to its operations in Sharjah, SNOC has interests in oil and gas projects in Abu Dhabi, Oman, Iraq, and Sudan.
SNOC is headquartered in the city ofSharjah. The company’s President & CEO is His Excellency Abdul Rahman Al Saleh Al jarwan.
6. Abu Dhabi Gas Industries Ltd (GASCO)
GASCO is a subsidiary of Abu Dhabi National Oil Company (ADNOC) and is responsible for the operations and activities of gas processing plants in Abu Dhabi. The company was established in 1971 and has its headquarters in Abu Dhabi. GASCO’s main objective is to produce salesable natural gas from ADNOC’s onshore and offshore oil and condensate fields, associated gas from Shah Gas field, and other non-associated gas resources.
The company operates through four divisions: Upstream, Downstream, Commercial, and Corporate. GASCO’s Upstream Division is responsible for the operations of gas processing plants located in Habshan, Ruwais, Asab, Bab, and Shah. These plants have a combined processing capacity of 2.8 billion standard cubic feet per day (BSCFD).
The Downstream Division is responsible for the operations of three liquid ammonia plants located in Habshan with a combined capacity of 1,730 metric tons per day (MTPD), two urea plants located in Ruwais with a combined capacity of 3,470 MTPD, and one melamine plant located in Ruwais with a capacity of 400 MTPD. The Commercial Division handles the marketing and sales of GASCO’s products including Liquefied Petroleum Gas (LPG), condensates, ethane, propane, butane, pent ane, ammonia, urea, and melamine.
GASCO also develops the infrastructure required to support its operations including pipelines, gathering systems, storage tanks and terminals. The company is committed to safety and environmental protection standards that are in line with international best practices. It has implemented a comprehensive Health, Safety and Environment (HSE) management system.
7. Abu Dhabi Oil Refining Company (TAKREER)
Abu Dhabi Oil Refining Company (TAKREER) was established in 1999 with the aim of increasing the capacity of the Abu Dhabi National Oil Company (ADNOC) to process crude oil and produce refined petroleum products. TAKREER is a wholly owned subsidiary of ADNOC and is responsible for operating four major refineries in the UAE: Ruwais, Umm al-Nar, Habshan and Fujairah.
TAKREER’s Ruwais refinery is the largest in the UAE with a capacity of 922,000 barrels per day. The refinery processes both light and heavy crude oils to produce a range of products including petrol, diesel, jet fuel, kerosene and liquefied petroleum gas (LPG). The refinery also has a petrochemicals complex which produces ethylene and propylene – key feedstock for the plastics industry.
The Umm al-Nar refinery has a capacity of 419,000 barrels per day and processes both light and heavy crude oils to produce petrol, diesel, jet fuel, LPG and bitumen. The Habshan refinery has a capacity of 535,000 barrels per day and processes sour gas condensate to produce LPG, naphtha, kerosene and gasoline. The Fujairah refinery has a capacity of 180,000 barrels per day and produces petrol, jet fuel, diesel and bunker fuel.
In addition to its refining operations, TAK REER also operates a number of fuel storage, distribution and retail facilities in the UAE. TAKREER is committed to providing reliable supplies of quality petroleum products at competitive prices to customers throughout the country.
8. Abu Dhabi Gas Liquefaction Company (ADGAS)
Abu Dhabi Gas Liquefaction Company (ADGAS) is one of the largest oil and gas companies in the United Arab Emirates. It is a subsidiary of the Abu Dhabi National Oil Company (ADNOC). ADGAS was established in 1973 to develop, liquefy, store and export natural gas from Abu Dhabi’s offshore fields.
ADGAS has three gas processing trains with a total capacity of 9.6 billion cubic feet per day (bcfd). The company also has two LNG trains with a combined capacity of 6.0 million tonnes per annum (mtpa), making it the largest LNG producer in the UAE.
In addition to its liquefaction operations, ADGAS also has a large network of pipelines that transport natural gas from onshore fields to customers in the UAE and Oman. The company also owns and operates the Abu Dhabi-Oman pipeline, which has a capacity of 1.5 bcfd.
9. Fujairah Oil Industry Zone (FOIZ)
Fujairah Oil Industry Zone (FOIZ) is one of the most important oil and gas hubs in the United Arab Emirates. It is located in the city of Fujairah, which is the second largest city in the emirate of Fujairah. FOIZ is home to a number of major oil and gas companies, including ADNOC, ENI, Total, and Schlumberger.
FOIZ was established in 1999 as a joint venture between ADNOC and the government of Fujairah. The zone covers an area of 36 square kilometers and is located just east of Fujairah City. It is adjacent to the Port of Fujairah, which is one of the busiest ports in the world.
FOIZ provides a number of benefits for oil and gas companies operating in the UAE. These include cost-effective infrastructure, skilled labor, and preferential tax rates. In addition, FOIZ offers an excellent location for companies looking to access international markets.
10. Abu Dhabi National Energy Company
Abu Dhabi National Energy Company (TAQA) is a state-owned oil and gas company in the United Arab Emirates. It was established in 2005 to invest in energy projects both inside and outside of the UAE. TAQA is one of the largest energy companies in the Middle East and North Africa region, with operations in over 30 countries.
In 2008, TAQA acquired a majority stake in Abu Dhabi’s offshore oilfields, including the billion-barrel Upper Zakum field. In 2009, TAQA took over operation of the Habshan-Bab sour gas fields from Royal Dutch Shell. The company has also invested heavily in renewable energy projects, with a portfolio of wind, solar, and geothermal assets.
TAQA is one of the few companies to have successfully diversified its operations away from its home country. While most of its revenues still come from Abu Dhabi, TAQA has made significant investments in Canada, the Netherlands, and other countries. This diversification has helped TAQA weather the recent slump in oil prices better than many of its peers.
Conclusion
In conclusion, the UAE is home to a variety of oil and gas companies that range from international conglomerates to smaller, local operations. All these firms contribute significantly to the country’s economy and provide employment opportunities for many people in the region. This article has provided an overview of some of the most prominent players in this sector and their activities in the UAE. With its abundant resources and attractive terms, it is no wonder why many global organizations have chosen this location as their hub for oil and gas operations.
