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The Abu Dhabi National Oil Corporation (ADNOC) is the state-owned oil company of the United Arab Emirates, with access to over 90% of that country's oil and gas reserves, considered to be the world's fourth largest. ADNOC is one of the world’s leading companies with major oil reserves and in recent years, exploration activities have continued using state-of-the art seismic analysis in order to increase the proven reserves. Oil production capacity has been expanded, and recovery rates from existing oil reservoirs have been improved. The United Arab Emirates is one of the world’s leading owners of gas reserves, which ADNOC is developing both onshore and offshore for export as LNG and for supply to local electricity and water utilities, to other industries including petrochemical plants and for re-injection into reservoirs to improve oil and condensate production. Eight new LNG tankers have been purchased to transport LNG exports.
Towards achieving the goal to make ADNOC a world-class environmental company, the focus on health, safety and environment has been growing in importance and includes greater protection to the population and country at large, on land and sea against industrial pollution. Key achievements include dramatic reduction of gas flaring. It is the ultimate objective to completely eliminate gas flaring.
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