Supreme Petroleum Council (SPC)
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.
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.