07 Nov 2010
(MENAFN) Officials from Zakum Development Company (ZADCO) have announced that the oil production company has set plans to increase its output by 50 percent to 750,000 barrel per day of crude oil by 2015, Khaleej Times reported.
The Abu Dhabi-based company, which is one of eleven ADNOC subsidiaries, plans to develop four artificial oil islands by the end of 2015 in order to achieve the mentioned goal.
During the ADIPEC-2010 event, ADNOC released a statement announced that the construction of the South Island began in August 2010 with the first visible signs appearing above the waves last month.
The contract which was awarded to Abu Dhabi-based National Marine Dredging Company in November 2009, is valued at $626.2 million, whereas production capacity is expected to represent about a quarter of the UAE’s oil production by the end of 2015.
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more