London, November 25, 2025, (Oilandgaspress) –– President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors at the Habshan complex in Abu Dhabi, a strategic hub for the company’s onshore operations which includes one of the world’s largest gas processing facilities.
The meeting was held in the operations control room operated by ADNOC Gas, which supplies 60 percent of the UAE’s natural gas requirements to support the energy and industrial sectors.
During the meeting, ADNOC’s five-year business plan and capital expenditure (CAPEX) of US$150 billion (AED551billion) for 2026-2030 was approved by the Board to maintain the company’s current operations and drive smart growth as it continues to help meet growing global energy demand.
His Highness recognised ADNOC’s success in delivering on its domestic and international growth strategy while strengthening its resilience in a fast-evolving energy landscape. He called on ADNOC to scale its impact beyond performance and convert success into strategic advantage to reinforce the UAE’s standing as a technology-driven energy powerhouse.
The Board welcomed ADNOC’s achievement in increasing the UAE’s conventional reserves base from 113 billion stock tank barrels (stb) of oil to 120 billion stb and from 290 trillion standard cubic feet (tscf) of natural gas to 297 tscf, reinforcing the country’s position as the custodian of the world’s sixth-largest oil reserves and the seventh-largest gas reserves.
ADNOC has also made new oil and gas discoveries totaling more than 1.2 billion barrels of oil equivalent (boe). The discoveries were enabled by the deployment of industry-leading technologies including the world’s largest three-dimensional (3D) seismic survey and the application of artificial intelligence (AI)-powered data interpretation that has unlocked previously inaccessible structures and formations.
The Board approved the establishment of ADNOC Ghasha, a new operating company for the Ghasha Concession which includes the Hail, Ghasha, Dalma, SARB, and Nasr fields. The concession is set to produce 1.8 billion scf of gas and 150,000 barrels per day of oil and condensates. Construction of the Hail and Ghasha mega project, a key development within the Ghasha concession, is now progressing at pace.
The Board also reviewed progress in unlocking Abu Dhabi’s unconventional resources to support UAE gas self-sufficiency and meet growing global demand for gas. The Board acknowledged ADNOC’s success in attracting new international partners to unconventional exploration concessions, bringing global expertise to accelerate development. Abu Dhabi’s unconventional recoverable resources are estimated at 160 tscf of gas and 22 billion stb of oil.
His Highness underlined ADNOC’s continued role as a catalyst for the UAE’s growth and diversification. He recognised the company for creating new economic and industrial opportunities for the private sector through its In-Country Value (ICV) programme and for its support of the ‘Make it in the Emirates’ initiative, the national programme to drive industrial growth and diversification.
This year, ADNOC’s ICV programme has driven US$17.7 billion (AED65 billion) back into the UAE economy. These achievements bring the total value driven back into the economy to US$83.7 billion (AED307 billion) since the program was launched in 2018, with a total of 23,000 UAE Nationals employed in the private sector through the programme since its inception in coordination with partner entities, including the NAFIS programme.
Building on these achievements, the Board endorsed ADNOC’s target to drive US$60 billion (AED220 billion) into the UAE economy over the next five years through the ICV programme. The Board also noted ADNOC’s progress in boosting local manufacturing of critical industrial products in its supply chain. To date, the company has signed offtake agreements for
locally manufactured products worth US$21.8 billion (AED80 billion) as it delivers on its target to locally manufacture US$24.5 billion (AED90 billion) worth of products in its procurement pipeline by 2030.
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