UNITED ARAB EMIRATES

(in Middle East)

CAPITAL: ABU DHABI

POPULATION: 3 mm

AREA (on): 82,900 km2

OIL PEAK: 2012 (forecast)

SUPPLY

The UAE is a member of OPEC and has restricted oil output since the mid 1980s but was producing near full capacity in 2007. Dipping output was occurring, initially due to lack of spare capacity and a number of new projects to increase output were underway, especially in Abu Dhabi. However, since 2008, output has been cut back due to restrictions under its OPEC obligations.

Abu Dhabi is the main producer with Dubai also a significant producer. With new investment, especially in gas injection, there is some potential to eventually increase oil production capacity from Abu Dhabi but output is expected to plateau by 2015 as its old large fields deplete. Gas production is also increasing in Abu Dhabi, especially offshore, both for gas re-injection and for export as LNG and to Dubai.

Oil production peaked in Dubai in 1991 and there are no unexploited fields remaining offshore whilst just one field produces gas and condensate onshore.

 

DEMAND

Oil consumption increased rapidly from 2000 to 2007 but demand has now flattened off and will probably rise only slowly in future. Exports are also increasing but will be on a plateau after 2015.

Demand for gas has grown for electricity generation, desalination plants and for new industrial uses, especially in Dubai, which has been diversifying and growing its economy and after a pause in 2009/2010 this is expected to continue.

For the Emirates as a whole, net imports from Qatar and Oman may be required by 2012 as, although Abu Dhabi will be increasing its indigenous gas production, Dubai will still be seeing surging demand.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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