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Oil & Gasborder

The petroleum industry includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum (oil) is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, and plastics. The industry is usually divided into three major components: upstream, midstream and downstream. Midstream operations are usually included in the downstream category.

Petroleum is vital to many industries, and is of importance to the maintenance of industrial civilization in its current configuration, and thus is a critical concern for many nations. Oil accounts for a large percentage of the world’s energy consumption, ranging from as low of 32% for Europe and Asia, up to a high of 53% for the Middle East.

The Middle Eastern region is abundantly endowed with oil and gas resources. Of the 1,050 billion barrels of proven crude oil reserves the MENA region accounted for about 69 percent. In contrast, the region accounted for just about 31 percent of total world production, and about 50 percent of exports, which clearly demonstrates the centrality of the region to the present and future of the global oil market. Although new oil reserves continue to be discovered and developed in various countries, such as in the countries of the former Soviet Union and in offshore West Africa, most forecasts indicate that dependence on Middle Eastern oil will increase in the coming years, as production starts to decline in the key North Sea basin and elsewhere.

From Dubai, Shell now provides a full suite of world-class, environmentally-sound, sustainable exploration and production services from the UAE, to the UAE and the world. Leveraging the logistical and technological synergies available from our Dubai-based sister company Shell Gas & Power, we can transfer our wealth of expertise and innovation to our strategic upstream joint ventures in the UAE, and beyond.

Both Abu Dhabi Company for Onshore Oil Operations (Adco) - in which Shell holds a 9.5 per cent share and which produces one million barrels per day of oil - and Abu Dhabi Gas Industries Company (Gasco), in which Shell holds a 15 per cent share and which extracts four million tonnes per year of natural gas liquids from the associated gas produced by Adco - benefit from our next-generation digital field capabilities, including enhanced oil recovery (EOR) techniques.

Shell Exploration & Production (E&P) is also serving a regional boom in upstream activity, with major projects in progress in Saudi Arabia, Oman, Egypt, Qatar, Kuwait, Libya and Syria. We are now also closer than ever to our valued customers in the CIS states and Russia.

With Dubai’s growing status as a communications hub, Shell E&P is well placed to bring its operational excellence to new and existing regional projects - on time and on budget.