ECONOMIC DEVELOPMENT - UAE Interact

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140 UNITED ARAB EMIRATES YEARBOOK 2006some horizontal wells, tapping into the Thamama formation and development ofa new gas processing platform to handle Thamama gas. The platform is equippedfor condensate separation and stabilisation, together with gas dehydration andcompression. The secondary development programme has had a positive impacton Sharjah’s oil production, which is reported to have reached 48,000 b/d in2004. This was made up of 6000 b/d crude oil and 12,000 b/d of condensatesfrom the offshore Mubarak field and 30,000 b/d of condensate from the onshoreSaja’a field, Moveyeid and the Kahaif fields.Ra’s al-KhaimahThree companies are currently engaged in oil exploration in Ra’s al-Khaimah.They are the US-based Ra’s al-Khaimah Oil and Gas Company, Chinese-ownedAtlantis Holdings, and the Indonesian registered company, Novus Petroleum.The newcomer on the block is Novus, which has a 100 per cent interest in the600-square-kilometre onshore Hagil tract. Following completion of a 2D seismicsurvey, Novus indicated that it would drill a deep exploratory well in mid-2005.This is expected to yield gas rather than oil.FujairahNaftogaz Middle East, a UAE-Ukrainian consortium formed by NaftoGaz Ukrainyand Al Jazira Enterprise for Project Development and Trading, plans to invest up toUS$600 million in exploration for oil and gas reserves in Fujairah. The companysigned an exploration concession agreement in early 2005 for the whole of theonshore and offshore areas of Fujairah, with the first seismic work due to takeplace in late 2005. Under the terms of the concession agreement, Naftogaz MiddleEast will acquire previous seismic data obtained in Fujairah, as well as data on anunsuccessful well drilled in the Bay of Dibba over a decade ago. Initial targets areexpected to be onshore to the west of the Hajar Mountains, in the Habhab area,not far from Sharjah’s successful onshore gas and condensate fields at Saja’a,Moveyeid and Kahaif. Studies will also be carried out offshore. The agreement isfor a 30-year term, with initial seismic studies due to be completed within two anda half years. Any eventual output will be shared by the emirate and the contractors.AjmanDespite discovery of the small Zora field, which straddles the border betweenAjman and Sharjah, and signing of a production-sharing agreement for developmentof the field, work had not commenced on this by mid-2005.Umm al-QaiwainAtlantis Holdings, owned by China’s Sinochem, has the right to explore the wholeof Umm al-Qaiwain’s onshore and offshore territory for oil and gas reserves. It hascarried out both an onshore 3D seismic survey and some offshore exploratorydrilling. Whilst results of the latter have not been released, the company didOutput of Refined Products by type (1,000 b/d)% change2000 2001 2002 2003 2004 04/03TOTAL 315.3 309.5 424.7 430.2 439.8 2.2Gasoline 29.6 na 31.2 35.0 40.7 16.3Kerosene 84.7 na 107.0 118.5 117.0 -1.3Distillates 79.7 na 95.6 94.2 96.9 2.9Residuals 36.9 na 31.1 21.4 23.5 9.8Others 84.4 na 159.7 161.1 161.7 0.4Source: OPEC Annual Statistical Bulletin 2004
Refinery capacity 000b/d142 UNITED ARAB EMIRATES YEARBOOK 2006ECONOMIC DEVELOPMENT 143commission a study for possible construction of an onshore gas processing plantwith a capacity of 150 million cf/d. Plans for a pipeline to link into the UAE’sdeveloping gas network have, however, been put on hold.800UAE Refinery CapacityOIL REFINING AND BUNKERINGRefining capacity in the UAE is being boosted to 1.14 mb/d in 2006, from 708,000b/d in 2004. The installation of two world-class condensate splitters at the Ruwaisrefinery have more than doubled Abu Dhabi’s refining capacity to over 500,000bp/d. In addition, Emirates National Oil Company’s (ENOC) refinery added torefined production capacity in 2004 with its 120,000 b/d condensate processingplant at Jebel Ali Free Zone.Abu DhabiAbu Dhabi Oil Refining Company (Takreer) operates the emirate’s two refineriesat Ruwais and Umm al-Nar, which had capacities in 2004 of 420,000 b/d and88,000 b/d respectively. Takreer signed an agreement in May 2005 with DodsalLtd for the execution of a Dh1.47 billion project to link its two refineries. Theproject will optimise inter-refinery operations between Umm alNar and Ruwaisand will help to address the increased product requirements at the Abu DhabiInternational Airport and Al Ain. The US$399 million project is scheduled forcompletion by the end of 2007.The Ruwais plant includes two 140,000 b/d condensate processing trains, whichcame on-stream in 2000, tripling its capacity from 126,000 b/d to 420,000 b/dand increasing Abu Dhabi’s total refining capacity from 211,000 b/d to 508,000 b/d.Light products produced at Ruwais are mainly exported to Japan and India, whilefuel oil produced there is sold locally and used for domestic power generation.Unleaded gasoline (ULG) units have been installed at both refineries. The Ruwaisfacility has also installed a low-sulphur gas-oil (LSGO) plant and expanded itshydrocracker. The other new units are central environmental protection facilities(BeeAT) for the processing and storage of toxic waste, a 300,000 tons/year (t/y)base oil refinery (BOR), and additional sulphur loading facilities in the port ofRuwais. This ambitious development programme at Ruwais is being undertakenin a series of stages.Meanwhile, Takreer’s condensate plant at Ruwais, initially comprising two140,000 b/d units, is being increased to 360,000 b/d by 2006. This is being donein order to process the extra 135,000 b/d of condensate that will be producedby the expanded onshore Asab field when developments there are completed.The increased capacity has been achieved by debottlenecking the existing splittersto increase their effective capacity by 30 per cent.Abu Dhabi already produces lubricants at the two oil refineries, as well as ata 30,000 tonnes per year (t/y) lube-oil blending plant that started up in the late700600500400300200UAE REFINERY CAPACITY (000b/d)1000Year 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004Capacity 192.5 205 205 211 246 291 291 411 420 491.3 491.3 510.0 708OPEC Basket Prices 2 January 2001 – 2 September 2005Price per barrel (US$)6258New basket begins June 165450464238Price band suspended January 30343026Price band2218142.1.012.3.012.5.012.7.012.9.012.11.012.1.012.1.022.3.022.7.022.9.022.11.022.1.03Source: EIA/OPEC News Agency (official OPEC news source)2.3.032.5.032.7.032.9.032.11.032.1.042.3.042.5.042.7.042.9.042.11.042.1.052.3.052.5.052.7.052.9.05
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