On March 27, the Belbazem offshore block, phase 2 of the Al Yasat Project in Abu Dhabi, announced first oil production. As the first cooperative project between CNPC and Abu Dhabi National Oil Company (ADNOC), Al Yasat saw its phase 1 put into operation in March 2018. Successful production startup of phase 2 will bring new achievements and new highlights to the cooperation between the two sides.
The production of Belbazem is expected to facilitate ADNOC in achieving its target of 5 million barrels per day by 2027.
About CNPC
CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction. With a presence in almost 70 countries, we are seeking an even greater international role. We provide energy in a profitable manner, and always attach great importance to our social and environmental responsibilities.
About ADNOC
ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification.