ADNOC to launch new crude blend

ABU DHABI / WAM

The Abu Dhabi National Oil Company (ADNOC) announced plans to launch Umm Lulu Crude Oil, a new crude blend produced from its Umm Lulu and SARB fields,
operated by ADNOC Offshore.
Umm Lulu Crude Oil, which has an expected API density of around 39 degrees and sulphur content of around 0.7 percent weight percent, is a light crude, rich in light middle distillates with a low sulphur and metal content. The first exports of Umm Lulu Crude Oil are anticipated in Q1 2018, and production will increase gradually over the coming five-year period.
Abdulla Salem Al Dhaheri, ADNOC’s Marketing, Sales and Trading Director, said, “In line with ADNOC’s 2030 strategy and five-year business plan, we are constantly seeking ways to maximise the value of our resources and increase profitability. Blending of the Umm Lulu and SARB crudes will improve production, storage, and export flexibility, while also providing our customers with greater choice.”
ADNOC also signed a framework agreement with the China National Petroleum Corporation (CNPC) covering various areas of potential collaboration including offshore opportunities and sour gas development projects.
Dr Sultan Al Jaber, Minister of State, and CEO of ADNOC Group, said, “In support of our 2030 smart growth strategy, we are focusing on creating the greatest value from our partnerships to capitalise on our oil and gas reserves and maximise the returns from our offshore assets.
The company also signed a Memorandum of Understanding (MoU) with Cepsa to evaluate a new world-scale Linear Alkyl Benzene, LAB, complex in Ruwais, Abu Dhabi. LAB is the most common raw material in the manufacture of biodegradable household and industrial detergents. It is also used in house cleaners, fabric softeners, and soap bars.