UAE giant advancing its 5 million bpd oil production capacity target to 2027 on back of improved market fundamentals.

Engineering, procurement and construction activity in Abu Dhabi is soaring to record highs as state oil company Abu Dhabi National Oil Company (Adnoc) pushes ahead with an ambitious oil and gas expansion programme.

Billions of dollars worth of upstream-focused oil and gas deals have been awarded by the state giant and its subsidiaries this year, with more than $25 billion in additional work said to be in the bidding stage.

Read more: upstreamonline.com

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