Ghasha

Ghasha Oil and Gas Project Profile

Location

The Ghasha oil and gas project is located offshore Abu Dhabi, in the United Arab Emirates, specifically within the Al Dhafra region. The fields are situated in shallow water, with a depth of around 328 feet.

Project Overview

The Ghasha project, also known as the Hail and Ghasha Oil and Gas Project, is a mega gas development that includes the Hail, Ghasha, and Dalma fields. It is part of the Ghasha Concession, which was granted for 40 years starting in 2018.

Ownership and Partners

The project is operated by Abu Dhabi National Oil Company (ADNOC), which holds a 55% stake. The other partners include:

• Eni S.P.A. (25%)
• Wintershall DEA (10%)
• OMV (5%)
• Lukoil (5%).

Project Details

Status and Timeline:

• The project is currently in the development stage, with the final investment decision (FID) approved in October 2023.
• Gas production is expected to start in 2025, with commercial production anticipated to begin in 2028.

Production Targets:

• The project aims to produce more than 1.5 billion cubic feet of gas per day by 2030, which will meet over 20% of the UAE's gas demand.
• It is also expected to produce over 120,000 barrels per day of high-value oil and condensate.

Reserves:

• The remaining recoverable reserves include 553.35 million barrels of crude oil and condensate, and 91,179.39 million cubic meters of gas.

Infrastructure and EPC Contracts:

• Two major engineering, procurement, and construction (EPC) contracts have been awarded:
  • The first contract, valued at $8.2 billion, was awarded to a consortium of National Petroleum Construction Company (NPCC) and Saipem for the construction of four drilling centers, a processing facility on artificial islands, and various offshore structures and subsea pipelines.
  • The second contract, valued at $8.74 billion, was awarded to Tecnimont for the onshore scope, including two gas processing units, three sulfur recovery units, export pipelines, and associated utilities.

Environmental and Decarbonization Aspects

• The project is designed to operate with net zero CO₂ emissions, incorporating advanced decarbonization technologies. It includes the capture of 1.5 million tonnes per year of CO₂, which will boost ADNOC’s overall committed carbon capture capacity to nearly 4 million tonnes per year.
• The captured CO₂ will be stored underground, and low-carbon hydrogen will be produced to replace fuel gas used in operations.

Economic Impact

• More than 60% of the project’s total investment value will flow back into the UAE’s economy under ADNOC’s in-country value program, ensuring significant economic benefits and employment opportunities for UAE nationals.

Field Participation and Contractors

• Key contractors involved include Bechtel, Technip Energies, BK Strutture for design/FEED engineering, and National Marine Dredging, Maire, and others for EPC services.

Production Forecast

• Production from the Hail and Ghasha fields is forecast to peak in 2029 and continue until the field reaches its economic limit in 2056.

Additional Context

• The project is part of ADNOC’s integrated gas masterplan, aimed at ensuring a sustainable and economic supply of natural gas for the UAE and export markets. It aligns with the UAE’s Net Zero by 2050 Strategic Initiative, which ADNOC has internally brought forward to 2045.
• The Ghasha field is located within the Marawah Marine Biosphere Reserve, recognized by UNESCO in 2007.