Lower Zakum oil field explained

24.853°N 53.662°W

Lower Zakum Oil Field
Country:United Arab Emirates
Region:Persian Gulf
Offonshore:offshore
Operator:Abu Dhabi National Oil Company
Discovery:1963
Start Production:1963
Oil Production Bbl/D:425000
Est Oil Bbl:17200
Est Oil T:2420
Est Gas Bft:12400

The Lower Zakum Oil Field is the lower horizons of the Zakum oil field 84 km north west of Abu Dhabi Islands. The upper reservoir horizons are known as Upper Zakum oil field.

It was discovered in 1963 and developed by Abu Dhabi National Oil Company. The oil field is owned by Abu Dhabi National Oil Company and operated by ADNOC Offshore.

The 40% foreign interest is split between Japan's INPEX (Lead partner - 10%), the Chinese CNPC (10%), India's ONGC Videsh (10%), Italy's ENI (5%) and France's Total 5%.

The total proven reserves of the Lower Zakum oil field are around 17.2 billion barrels (2420×106tonnes), and production is centered on 425000oilbbl/d.[1]

Notes and References

  1. Book: The A to Z of petroleum industry. 2002. Google Books. 2014-05-14.