Study of the petroleum experience of the emirate of Abu Dhabi

Study of the petroleum experience of the emirate of Abu Dhabi

This article provides a study of the petroleum experience of the emirate of Abu Dhabi,  part of the United Arab Emirates(UAE).  It aims to shed light on certain aspects of this experience,  including the underlying principles of Abu Dhabi’s oil policy and the different achievements of the emirate’s oil industry.  The study of the legal aspects of the experience and the legal framework for the development of petroleum resources in the emirate will constitute an important part of the work.  The emirate of Abu Dhabi is one of seven emirates that constitute the United Arab Emirates(UAE)  Abu Dhabi,  Dubai,  Sharjah,  Ras Al Khaimah,  Ajman,  Fujairah and Umm Al Qawain.  The UAE is a large oil producer in a major producing a the Arabian Gulf and a member of both the Organization of the Petroleum Exporting Countries(OPEC)  and the Organization of Arab Petroleum Exporting Countries(OAPEC).  Abu Dhabi has been a member of OAPEC since 1970,  and joined OPEC in 1967 membership of OPEC was taken over by the UAE federation in 1974 The UAE possess huge reserves of oil and gas and enjoys a comfortable production capacity.  oil,  in effect,  is the comer stone of the UAE economy.  Oil was first discovered in Abu Dhabi in 1958 and production began in 1962 from offshore areas and then in 1963 from onshore fields.  The oil sector developed very quickly and Abu Dhabi soon became a major world oil exporter.  In Dubai,  oil in commercial qualities was discovered in 1966 and the first cargo was shipped in 1969.  Oil was subsequently discovered in Sharjah in 1972 and exports commenced in 1974.  Ras Al Khaimah was the fourth emirate to discover and exploit oil in 1983.

of the seven emirates comprising the UAE,  Abu Dhabi possesses Article the principal producer.  reserves of the UAE are presently estimated at around found billion barrels,  Abu Dhabi alone accounts for 92.2 billion barrels of are fou crude oil reserves,  Despite periodic discoveries in the smaller i The abi continue to dominate the oil scene in the UAE terms petrole of production d reserves.  The emirate is continuing to make new finds,  is an and has the ab discovering new structures in existing fields granti Each e in relatively high levels of long-term production at its old fiel have a ly ng improved recovery techniques.  At the 2004 rate of production repres of 955,000 barrels per day(bpd),  Abu Dhabi oil reserves give in spe OAPE emirate a reserve production ratio of 129 years.  In 2005,  Abu Dhabi stepped up its crude oil output to 2.24 million barrels per day(mbpd),  these f not counting some 250,000 bpd of condensate legal Sin The gas reserves of Abu Dhabi are presently estimated at 1985 bigges trillion cubic feet(te).

In 2005,  Abu Dhabi’s natural gas production longe was 6.8 billion cubic feet/day most The UAE has extensive experience in terms of its relationships with frame oil companies the first oil concession was granted in Abu experi Dhabi in 1939.  in aspects of this long experience;  some of the taken in the past;  certain features of the applicable legal indust decisions framework,  and the history of Abu Dhabi’s relationship with foreign the let il companies are relevant to this study,  and have therefore been emira included n the UAE,  like the other countries of the Middle East,  and h all natural Abu L resources,  including underground petroleum resources,  belong to state,  Article oil i 23 of the UAE Constitution stipulates: “The natural gover resources and wealth in each emirate shall be considered to be(ADN public property of that emirate.  The public authority shall their responsible for the protection and proper exploitation resources for of such natural e henetit of the national economy.