Abu Dhabi's $10 billion Shah gas development project is on track and will be completed in late 2014, the chief executive of the project's operator said Tuesday.
Abu Dhabi
's $10
billion Shah gas development project is on track and will be completed in late
2014, the chief executive of the project's operator said Tuesday.
Shah's installation facilities are 60% complete, while 20% of the drilling is
also finished, Saif al Ghafli, CEO of
Abu
Dhabi
Gas Development
Co.
, told
an industry event.
Drilling risks as well as environmental and technical issues are some of the
challenges the operator will have to deal with, he said.
The project, located about 180 kilometers outside
Abu
Dhabi
, will help meet growing domestic demand in the
United
Arab Emirates
. It is expected to produce
500 million cubic feet per day of clean gas as well as condensates, natural gas
liquids and sulphur, according to Ghafli.
U.S.-based Occidental Petroleum Corp. (OXY) is the company's partner for the
project.
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