ADNOC Confirms Landmark $60 Billion U.S. Investment in UAE’s Energy Future

ADNOC has solidified several landmark agreements with leading U.S. energy companies through strategic energy partnerships, during the UAE-U.S. Business Dialogue held in the presence of President Donald J. Trump. These deals could unlock up to $60 billion in US investments into UAE energy initiatives across their full lifecycle.

Major Project Developments

• Upper Zakum Offshore Field:

·         ADNOC, ExxonMobil, and INPEX/JODCO have agreed on a phased plan for expansion.

·         The project aims to boost output using AI technologies, clean energy, and artificial islands to minimize environmental impact.

·         Upper Zakum is a section of Zakum, the world’s second-largest offshore oil field.

Shah Gas Field:

• A strategic partnership with Occidental targets increasing production from 1.45 to 1.85 billion standard cubic feet per day (bscfd).
• The initiative will also accelerate the use of cutting-edge gas production technologies.

 

US Market Expansion via ADNOC’s XRG

• XRG, ADNOC’s international energy investment arm, will scale up its presence in the US energy sector, focusing on:
• Natural gas, LNG, specialty chemicals, and energy infrastructure.

·         A framework agreement was signed with 1PointFive, a subsidiary of Occidental, to explore a significant investment in a Direct Air Capture (DAC) facility in Kleberg County, Texas:

• The plant aims to remove 500,000 tons of CO₂ annually.
• XRG may fund up to one-third of the project’s total cost.

 

Historic Unconventional Oil Concession

• EOG Resources Inc., a leading US-based exploration company, was awarded a new unconventional oil exploration block:
• Onshore Block 3 in Al Dhafra, which is 3609 sq Km.

·         This represents the first unconventional concession granted to a U.S. company in Abu Dhabi.

·         ADNOC will oversee exploration and holds the option to join in future production.

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Key Highlights of the UAE’s Long-Term Energy Investment Vision

• UAE Eyes $440 Billion in U.S. Energy Sector by 2035
  The UAE is making plan to invest approximately 440 billion dollars into the U.S. energy market over the next decade, marking a major step in international investment cooperation.
• Part of a Broader $1.4 Trillion Global Investment Strategy
  This initiative is one element of the UAE’s extensive global economic strategy, which aims to deploy $1.4 trillion across multiple industries and regions.
• Strategic Focus on Energy-Tech Integration and Sustainability
  The investment vision places strong emphasis on merging energy development with artificial intelligence, clean technology, and green innovation.