Supreme Petroleum Council (SPC)

  • ADNOC Announces Discovery of 22 B bbl, Pledges $122 B in Capex

    ADNOC Announces Discovery of 22 B bbl, Pledges $122 B in Capex

    Monday, 23rd November 2020

    Abu Dhabi National Oil Company (ADNOC) announces the discovery of 22 billion barrels of unconventional oil which is made up of unconventional reserves including shale oil as the company pledges $122 billion in capital expenditure (Capex) over the next five years.

  • Abu Dhabi Sees Boost in Oil, Gas Reserves

    Abu Dhabi Sees Boost in Oil, Gas Reserves

    Tuesday, 5th November 2019

    Abu Dhabi’s Supreme Petroleum Council (SPC) approved the launch of a new pricing mechanism for the Abu Dhabi National Oil Company's (ADNOC) onshore crude oil and Murban. Furthermore, it announced an increase in oil and natural gas reserves, as well as new discoveries in Abu Dhabi.