ADNOC approves $6.2 billion for Umm Shaif gas field

The Abu Dhabi National Oil Company (ADNOC) announced a final investment decision of $6.2 billion on Tuesday, July 21, 2026, to develop the Umm Shaif Gas Cap project, a major offshore natural gas field in Abu Dhabi. The state energy giant will develop the project alongside its international partners TotalEnergies of France, Italy’s Eni, and China National Petroleum Corporation.

The investment is expected to unlock more than 600 million standard cubic feet per day of natural gas and associated gas liquids, a volume equivalent to nearly 10 percent of the United Arab Emirates' current daily gas consumption. Production from the development is scheduled to begin by 2030.

ADNOC's chief executive, Sultan Ahmed Al Jaber, who is also the UAE's Minister of Industry and Advanced Technology, stated the project accelerates the company's integrated gas strategy to harness national resources and expand its global liquefied natural gas platform amid rising worldwide demand for the fuel.

The final investment decision encompasses three major engineering, procurement, and construction packages valued at a combined $5.1 billion for large-scale offshore infrastructure. These contracts were awarded to...