Huge UAE Oilfield Could Hike Capacity to 1.5 Million Bpd Earlier than Planned
The giant Upper Zakum oilfield in the UAE could achieve its 2030 target to boost production capacity to 1.5 million barrels per day (bpd) from 1 million bpd earlier than planned, the CEO of co-venturer ExxonMobil said. “The team is working hard to drive production up,” Exxon’s chief executive Darren Woods told Bloomberg in an interview in Abu Dhabi. “We’ve got an objective that we set by 2030, but I think we can do better than that,” the top executive of the U.S. supermajor said. ExxonMobil…