ADNOC operates numerous companies with different functions, including exploration and production; processing and refining; marketing and distribution.
Exploration and production of oil and gas ADNOC Onshore ADNOC Onshore works onshore and in shallow coastal water. It is previously known as Abu Dhabi Company for Onshore Petroleum Operations, ADCO. ADNOC Onshore operates primarily in Abu Dhabi. The company was originally known as Petroleum Development (
Trucial Coast). It received its first concession on January 11, 1939, but did not begin geological operations until after
World War II. The first commercially viable oil discovery was made at Bab in 1960. In 1962, the company was renamed the Abu Dhabi Petroleum Company. Exports began to flow from the
Jebel Dhanna terminal on December 14, 1963. Abu Dhabi's government acquired 25% equity in the company in 1973 and increased its stake to 60% in 1974. The company started using the name Abu Dhabi Company for Onshore Petroleum Operations, ADCO, in 1978. ADNOC Onshore's primary exports are from the Jebel Dhanna and Fujairah terminals. ADNOC have a 60% share, the remaining 40% is split (
CNPC (8%),
BP (10%), Total (10%),
Inpex (5%),
CEFC (4%) and
GS Energy of South Korea (3%)). In December 2018 ADNOC transferred China Energy's stake in onshore to China ZhenHua Oil Company, awarding the company a 4% stake.
ADNOC Offshore ADNOC Offshore is the largest offshore oil producer in Abu Dhabi. It is ADNOC's dedicated offshore arm and is responsible for the development and delivery of oil and gas resources in Abu Dhabi waters. It was formed through the consolidation of two of ADNOC's upstream oil and gas companies: Abu Dhabi Marine Area Operating Company (ADMA-OPCO) and Zakum Development Company (ZADCO). With reorganisation, and the expiry of the 65-year-old ADMA concessions, the offshore concessions are now split by fields. ADNOC 60% then the 40% is split into Upper Zakum (
Exxon / INPEX), (minor fields Umm Al Dalk, Satah (Inpex 40%)), Lower Zakum (
TotalEnergies,
ENI,
ONGC, INPEX), Umm Shaif and Nasr (Total, ENI), Sarb and Umm Lulu (
CEPSA,
OMV).
ADNOC Drilling ADNOC Drilling is ADNOC's oldest subsidiary. It was previously known as National Drilling Company, NDC. ADNOC Drilling is the largest drilling company in the Middle East. It drills for oil both onshore and offshore in Abu Dhabi. ADNOC currently has a 95% equity in ADNOC Drilling after energy services giant Baker Hughes, acquired a 5% stake (valued around $11 billion or AED40.4 billion) in 2018. In September 2021, ADNOC Drilling announced its intention to list another 11% of shares in the company on the
Abu Dhabi Securities Exchange (ADX) through an Initial Public Offering (IPO). On October 3, 2021, the company went public on the Abu Dhabi bourse, and became the most successful listing of all time in the emirate, jumping 30% on its first-ever day of trading.
Al Yasat Petroleum Al Yasat Petroleum is ADNOC's youngest operating company. It is the first joint venture between ADNOC and China National Petroleum Corporation (CNPC), established in 2014.
Tayba Al Hashemi is the current CEO of Al Yasat Petroleum. Al Yasat's role is to explore oil and gas potential within the company's mandated concession areas and to develop prospective locations on behalf of the company's shareholders. ADNOC is the majority shareholder and owns 60% of the company, with CNPC owning the remaining 40%.
Al Dhafra Petroleum Al Dhafra Petroleum is an upstream company that is focused on unlocking undeveloped oil and gas potential in the UAE. Its shareholders are ADNOC, which owns 60% of the company, with
Korea National Oil Corporation (KNOC) and GS Energy owning the remaining 40%.
ADNOC Sour Gas ADNOC Sour Gas is a joint $10 billion venture between ADNOC and
Occidental Petroleum that is expected to extract at least one billion cubic feet of
ultra-sour gas per day. On a daily basis, the project is also expected to produce 504 million cubic feet of natural gas, 33,000 barrels of condensates, and thousands of tons of
natural gas liquids, and thousands of tons of
sulphur granules. The Project is located in the
Shah gas field about 210 kilometers west of Abu Dhabi. Half of this field's production will be used to service domestic demand in the UAE and minimize the need for gas imports. ADNOC Sour Gas is 60% owned by ADNOC with the remaining equity held by
Occidental.
Processing, refining and chemicals ADNOC Gas Processing ADNOC Gas Processing (formerly known as
GASCO) is a natural gas producing company and the largest gas processing complex in
Abu Dhabi. The company was established in 1975. It was formerly known as Abu Dhabi Gas Industries Limited (GASCO). ADNOC Gas Processing is a subsidiary of the ADNOC, which owns 68% stake in the company. Other shareholders are
Shell Abu Dhabi (15%),
Total SA (15%) and
Partex (2%). The company was established in 1975. Shayma Al Mazrouei, Environment Department Team Leader in ADNOC Gas Processing's
Environment, health and safety (HSE), Division, received the Sustainability Manager of the Year Award 2020 for her continuous contribution to environmental conservations through an innovative water reduction program. It manages over 3,000 km of
pipeline network and 26 processing trains. In 2000 ADNOC Gas Processing started a $1.5 billion tender for its gas terminals expansion. ADNOC launched a
Downstream Investment Forum in 2018, which attracted more foreign investments for the
Ruwais Refinery. For the last 40 years, the ADNOC has been refining
Murban grade crude, which is extracted from its onshore fields in the
Emirate of Abu Dhabi. The "Crude Flexibility Project" (CFP) has made significant progress in 2020, with the ADNOC having a 73% project delivery which is constantly increasing from the refining capabilities in
Ruwais. The CFP is to be completed in mid-2022, allowing the ADNOC to process up to 420,000 bpsd (
Barrels per Stream Day) of the heavier grades of crude oil at the Ruwais refinery, which processes in total 840,000 bpsd. The necessary physical infrastructure required for the CFP has been put into place, only the structural elements such as 2 new
fractionators and 24 atmospheric residue
desulfurizer reactors were installed in the months of June and July 2020. ADNOC introduced a new category in its enterprise HSE Awards for energy management to recognize efforts made by companies, employees and contractors. This award helps to promote energy awareness and increase the involvement and accountability of individuals. ADNOC Gas was ranked 11th on
Forbes Middle East's Top 100 Listed Companies 2025 list.
ADNOC LNG ADNOC LNG processes and distributes
liquefied petroleum gas and
liquified natural gas. ADNOC Gas Processing supplies products to ADNOC LNG at
Das Island where it is processed and loaded on ships for export to East Asia, especially Japan. ADNOC is the majority shareholder. Minority shares are held by Mitsui, BP, and Total.
ADNOC Refining ADNOC Refining was created in 1999 to take over oil refining from ADNOC. ADNOC Refining refines crude oil and condensate, various petroleum products, and granulated sulphur. It operates the Ruwais and Abu Dhabi refineries. In 2015, it completed a major expansion of its
Ruwais Refinery. The $10 billion project doubled the capacity of the facility. A large part of the increased output is dedicated to diesel production due to demand from Asia. Ruwais has the ability to refine 600,000 tonnes of high-quality base oils per year. These oils are used primarily for automotive lubricants. It is previously known as Abu Dhabi Oil Refining Company (TAKREER).
Fertiglobe In September 2019 Fertiglobe was formed as a result of the merger of ADNOC Fertilizers, (established in 1980) with Dutch firm
OCI's Middle East nitrogen fertilizer business. ADNOC has a 42% stake in the new business.
ADNOC Industrial Gas ADNOC Industrial Gas was founded in 2007. It manufactures industrial gas used in the oil, gas, and petrochemical industries. ADNOC Industrial Gas works very closely with ADNOC Gas Processing. The firm is a joint venture between ADNOC and the
Linde Group of Germany. ADNOC holds 51% equity with the remainder held by Linde.
Abu Dhabi Polymers Company (Borouge) Borouge is a manufacturer of
polyolefins. It is a
joint venture of ADNOC and
Borealis of Austria. It was founded in 1998, and has two divisions, one based in
Abu Dhabi and another based in Singapore. The company supplies polyolefin plastics (
polyethylene and
polypropylene). They focus on differentiated high-end applications in the Middle East and Asia Pacific with Borstar Enhanced Polyethylene produced in
Abu Dhabi and the Borealis range of specialty products.
Marketing and distribution ADNOC Logistics & Services ADNOC Logistics & Services was formed by merging ESNAAD, IRSHAD, and ADNATCO. ADNOC Logistics & Services is 100% owned by ADNOC. The new company has a workforce of about 4,000 people. In August 2020, Chinese company
Wanhua partnered with ADNOC Logistics and Services to create AW Shipping Ltd., which owns and operates product tankers and a flotilla of very large gas carriers (VLGCs). AW Shipping delivers liquefied petroleum gas (LPG) from ADNOC and other global suppliers to Wanhua's sites in China and globally. In November 2018, a 10-year contract for (LPG) supply was forged between the companies.
ADNOC Distribution ADNOC Distribution (ADNOCDIS:UH) operates hundreds of service stations across the UAE, provides
bunkering services at
Zayed Port, aviation fuel services at most of the country's airports, and sells its own brand of lubricants throughout the Gulf region. In September 2020 ADNOC completed "the largest block placement of a publicly listed" company in the Gulf region valued at $1 billion. The placement, which was aimed at institutional investors, increased the subsidiary's free float to 20%.
Abu Dhabi Crude Oil Pipeline LLC (ADCOP) ADCOP owns an approximately 406 km pipeline that carries crude oil from an ADNOC Onshore collection center in Abu Dhabi to the Fujairah oil export terminal, which provides access to international shipping routes. == See also ==