ABU DHABI NATIONAL OIL COMPANY

Abu Dhabi National Oil Company (ADNOC) is one of the world's leading energy producers and a primary catalyst for Abu Dhabi’s growth and diversification. Established in 1971, ADNOC operates across the entire hydrocarbon value chain and is involved in the exploration, production, storage, refining, and distribution of petroleum and natural gas products. Here's a detailed overview:

History and Formation

• Established: 1971
• Headquarters: Abu Dhabi, United Arab Emirates (UAE)
• Ownership: Fully owned by the Government of Abu Dhabi

Operations and Business Structure

ADNOC's operations span various aspects of the oil and gas industry, and it is organized into multiple subsidiary companies, each focusing on different areas of the hydrocarbon value chain:

1. Upstream Operations:

   • Exploration and Production: ADNOC engages in the exploration, development, and production of crude oil and natural gas assets.
   • Major Subsidiaries: ADNOC Onshore, ADNOC Offshore, ADNOC Drilling, and ADNOC Sour Gas.

2. Midstream and Downstream Operations:

   • Transportation and Storage: Manages an extensive network of pipelines and storage facilities.
   • Refining and Petrochemicals: Operates several refineries and engages in the production and marketing of refined products and petrochemicals through subsidiaries like ADNOC Refining and ADNOC Fertilizers.

3. Marketing and Distribution:

   • Global Sales: ADNOC markets its oil, gas, and refined products globally.
   • Retail: Operates a network of service stations under the brand ADNOC Distribution, which is publically listed on the Abu Dhabi Securities Exchange (ADX).

4. Others:

   • Research and Development: Invests heavily in technology and innovation to optimize operations and enhance efficiencies.
   • Sustainability Initiatives: Committed to sustainable practices and has initiatives aimed at reducing carbon emissions and improving environmental stewardship.

Strategic Vision and Initiatives

ADNOC is focused on:

• Maximizing Value: Enhancing the value derived from its resources through efficient operations and strategic investments.
• Sustainable Growth: Invests in technology and initiatives to reduce environmental impact, including the Carbon Capture, Utilization, and Storage (CCUS) program.
• Global Partnerships: Collaborates with international oil companies and investors to bring in expertise, technology, and capital.

Leadership

ADNOC is led by an executive management team under the governance of the Supreme Petroleum Council of Abu Dhabi. The leadership is committed to driving the company towards achieving its strategic objectives and ensuring operational excellence.

Economic and Social Contributions

• Economic Impact: ADNOC is a significant contributor to the UAE's economy, playing a crucial role in its growth and diversification.
• Employment: Provides job opportunities and training programs to enhance local talent and workforce.
• Community Engagement: Invests in social initiatives and community development projects.

Recent Developments

• IPO and Public Listings: Parts of ADNOC's business, like ADNOC Distribution and ADNOC Drilling, have been listed on public stock exchanges.
• Diversification and Innovation: Continues to explore new ventures in renewable energy and advanced technologies such as artificial intelligence and blockchain.

ADNOC’s commitment to operational excellence, sustainable practices, and strategic growth positions it as a key player in the global energy market.