New Market Research Report: United Arab Emirates Oil & Gas Report Q3 2013
An expansion of production capacity from increased recovery and the development of marginal fields will see billions invested in the country's upstream. The expiration of Abu Dhabi's 75-year-old onshore concessions holds risks for current concession holders, but could see new capital and players move in as the country seeks to increase production onshore as well. We forecast output to average around 3.2mn barrels per day (b/d) in 2013 and expect the UAE will largely reach its goal of 3.5mn b/d...
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