Thursday, April 28, 2016

This maybe the biggest oil devt project in the universe

ABU DHABI--His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, officially inaugurated, today, ADNOC s Al Hosn Sour Gas Development Project, the largest of its kind in the world.

Sheikh Mohamed was accompanied by H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in the Western Region, H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council and H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

Al Hosn Shah Sour Gas Development Project is the first ultra-sour gas project to produce and safely process more than one billion cubic feet per day of ultra-sour gas from a single gas plant. Located in the Shah Field, 210 kilometers south west of Abu Dhabi city, Al Hosn is a joint venture between ADNOC and Occidental Petroleum.

Sheikh Mohamed was received at the plant by Dr. Sultan Ahmed Al Jaber, CEO of ADNOC, Vicki Hollub, President, Chief Operating Officer and incoming CEO of Occidental Petroleum, along with senior management in ADNOC and its group of companies.

Speaking during his tour of the project, Sheikh Mohammed praised ADNOC s role in positioning the UAE, on the global energy map, as a reliable and secure source of natural gas. He expressed his support for ADNOC s plans to ensure a sustainable supply of gas and its commitment to developing the infrastructure and skills necessary to meet the needs of the next generation of energy consumers.

During their tour of the Al Hosn Shah Sour Gas Development Project, Sheikh Mohammed was briefed on the role of the new facility in expanding ADNOC s production of gas, natural gas, and liquefied condensates and liquefied natural gas.

Dr. Al Jaber said, "The inauguration of Al Hosn Shah Sour Gas Development Project is an important milestone for ADNOC as we maximise the value of Abu Dhabi s gas resources to meet the United Arab Emirates and the world’s growing demand. It is a prime example of how ADNOC utilizes innovative solutions to deliver on our strategic objectives and maintain our competitive edge."

Vicki Hollub said Occidental was proud to partner with ADNOC on the Al Hosn Shah Sour Gas Development Project, which she described as world class. "The scale of the Shah Gas field development is larger than any other ultra-sour gas field in the world. With our collaborative efforts, we have used our combined expertise to deliver the project on time and on budget," Hollub said.

"The achievements of Al Hosn Gas are a great source of pride for all of us at Occidental. I am personally honored to be part of this moment in the presence of His Highness Sheikh Mohammed Bin Zayed and I sincerely thank His Highness for being part of this event.

"Occidental is looking forward to the possibility of expanding the Al Hosn Gas project to help the UAE meet its energy needs," added Hollub.

The $10 billion Shah Gas Development Project will produce 504 million cubic feet of natural gas, 33 thousand barrels of condensates, 4,400 tons of natural gas liquids and 9,900 tons of sulfur granules. In 2015 the facility produced 2 million tons of sulfur and is forecast to produce 3.2 million tons in 2016.

ADNOC has a 60% majority share in Al Hosn Gas and Occidental Petroleum, a 40% share.

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