Abu Dhabi Marine Operating Company expects to raise production from its Lower Zakum oil field by 100,000 barrels per day from late 2012 to the end of 2014. It will also start producing from a new project by the end of 2013.

Mr Ali Rashid Al Jarwan CEO of Adma Opco said that the company controlled by the Abu Dhabi National Oil Company hopes to produce first oil from the Phase I of its Umm Al Lulu and Nasr offshore project in late 2013.

He said that but the company's oil production should start rising from late 2012 as an enhanced oil recovery project to boost production at its Lower Zakum field by 100,000 barrels per day to 425,000 barrels per day starts to take effect. We will see the beginning of the ramp up by the end of 2012 and it will reach full production by end of 2014.

Adma Opco daily oil production is around 500,000 barrels per day while daily gas production is around one billion standard cubic feet. The Phase I of the new offshore development is expected to increase output by 50,000 barrels per day Adnoc holds 60% of the company while the rest is divided between BP, Total and Japan's JODC.

(Sourced from Reuters)