SARB Deep Gas Development receives final investment approval from ADNOC [Yahoo! Finance]
PTT EXPLRTN&PRDTN PLC ADR (PEXNY)
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Source: Yahoo! Finance
By the end of this decade, the SARB project is projected to produce 200 million standard cubic feet per day (mscf/d) of gas, providing enough energy to power more than 300,000 homes each day. The development will use advanced technologies and AI, operating remotely from Arzanah Island. By utilising existing infrastructure, ADNOC aims to maximise efficiency and enhance safety throughout the operation. The SARB Deep Gas Development is located 120km off the coast of Abu Dhabi. It will include a new offshore platform with four gas production wells connected to Das Island. Here, the gas will be incorporated into ADNOC Gas facilities for upstream treatment, enhancing integration with other ADNOC projects. ADNOC upstream CEO Musabbeh Al Kaabi said: “We are pleased to confirm the FID for the SARB Deep Gas Development. This strategic project within the Ghasha Concession reinforces the progress we are making to fully unlock Abu Dhabi's world-class gas resources, supporting UAE gas se
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