ADNOC and its partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC) have taken a final investment decision (FID) for their Umm Shaif Gas Cap project offshore Abu Dhabi, United Arab Emirates (ADNOC press release, 21/07/2026).
The AED22.6bn (USD6.2bn) development is expected to unlock more than 600 mcf/d (17 mcm/day) of natural gas and associated gas liquids, equivalent to nearly 10% of the UAE’s current daily gas consumption. Production is expected to begin by 2030.
The project includes three EPC packages worth AED18.8bn (USD5.1bn) for offshore infrastructure, as well as an AED1.3bn (USD365m) drilling programme covering 14 wells to be executed by ADNOC Drilling over 18 months using three existing rigs. The investment follows the recent award of the Bab Gas Cap concession, which is expected to unlock an additional 1.5 bcf/d (42 mcm/day) of gas and associated liquids.
The FID supports ADNOC’s broader strategy to expand gas production and LNG exports. Earlier in July 2026, ADNOC launched a global LNG marketing and trading platform and reiterated its target of 47 Mt/year of combined marketable LNG capacity by 2035.