Oil in Dubai: History & timeline

Oil in Dubai: History & timeline

A look at Dubai's history and key moments in oil production and export

Published: 16:13 February 4, 2010
Gulf News archives

Timeline:

  • 1966: Oil is first discovered in Dubai at the offshore Fateh field
  • 1969: Dubai starts to export of oil. The first export shipment of oil produced from the field Fateh was around 180 thousand barrels
  • 1972: Oil drilling exploration wells begin operations in the field at Falah. Producation begins June 1978
  • 1973: A new oil field is discovered at Rashid and production begins in March 1979
  • 1982: Another oil field was discovered at Margham, production started in 1984.
  • 1999: Dubai government owned Emirates National Oil Company (ENOC) opens the first oil refinery of the company and follows a fully owned subsidiary. The refinery, which costs around Dh1.5 billion and produces 120 thousand barrels per day.
  • 2000: Dubai joins the Dolphin project, signing a memorandum of understanding  to provide the Dubai Supply Authority with Qatari gas through the project (Dolphin)
  • 2007: Dubai Petroleum assumes control of all oil and gas related projects in Dubai, following negotiations with international oil companies.

Overview

Dubai has approximately 4 billion barrels of oil in reserve and holds the second place in terms of oil reserves in the UAE. Dubai Petroleum Co (DPC) is the main operator in the emirate. Dubai’s oil production peaked in 1991 at 410,000 b/d and has been steadily declining ever since.

 
 

 

Dubai’s oil reserves have reduced over the past decade and are now expected to be exhausted within 20 years. The main fields are offshore: Fateh, Southwest Fateh and two smaller fields, Falah and Rashid. The only onshore deposit is the Margham field. Dubai Petroleum Company (DPC) is the main operator.

The production of condensate from the onshore Margham field is running at around 25,000 b/d. Margham, previously operated by Arco International Oil and Gas Company, is now run by the Dubai Margham Establishment, which is wholly owned by the Government of Dubai.

The government of Dubai owns the National Oil Company (ENOC), and this company handles the oil operations in Dubai, The Emirates Petroleum Products (EPCO) is associated with the ENOC, which distributes petroleum products to more than 125 distribution stations in Dubai and Northern Emirates.

Gulfnews:

Original Post
Django posted:

"Dubai has approximately 4 billion barrels of oil in reserve and holds the second place in terms of oil reserves in the UAE."

Guyana current oil find 3.2 billion barrels.

https://www.stabroeknews.com/2...d-in-guyana-is-huge/

Guyana can be the Dubai of South America with proper financial management.

Bai when our jagabaat got this under control, Brazzy will return to place all oil proceedings for safe keeping in Nacil. He got big big plans for investment in his third term. The Marriot will add on another thousand rooms by ten thousand Chinese labor,  but all Guyanese youths are welcome to work as sex slave. He also has plans for his rival Badal - break out the seawall by front of Pegasus relocate in further in, leaving him out in the ocean. The skeldon factory will receive another billion U$ upgrade. I hear he already hire thousands of Chinese to upgrade his pad to a sky scraper to rival Dubhai.

 

sachin_05 posted:
Django posted:

"Dubai has approximately 4 billion barrels of oil in reserve and holds the second place in terms of oil reserves in the UAE."

Guyana current oil find 3.2 billion barrels.

https://www.stabroeknews.com/2...d-in-guyana-is-huge/

Guyana can be the Dubai of South America with proper financial management.

Bai when our jagabaat got this under control, Brazzy will return to place all oil proceedings for safe keeping in Nacil. He got big big plans for investment in his third term. The Marriot will add on another thousand rooms by ten thousand Chinese labor,  but all Guyanese youths are welcome to work as sex slave. He also has plans for his rival Badal - break out the seawall by front of Pegasus relocate in further in, leaving him out in the ocean. The skeldon factory will receive another billion U$ upgrade. I hear he already hire thousands of Chinese to upgrade his pad to a sky scraper to rival Dubhai.

 

Prashad posted:

In 2008 Dubai became flat broke during the great recession in the USA .  They had to be bailed out by Abu Dhabai.

BTW, Abu Dhabi is the capital. It was in 1971, that they started to rebuild. You should see the massive buildings and construction that is going on. Real Estate development is the hub of any economy. They are boasting of the highest building, the largest airport is in progress. You should see the deep water harbour and the activities. The roads and streets are well maintained; well they have the materials. I passed by the refineries and cement factories, massive.

The place is very clean. There are heavy fines for littering. Crimes are very low, laws are very strict.

Prash, it seems like more than half of the inhabitants are from India, Pakistan, Bangladesh with majority of construction workers from Sri Lanka. Mina Bazaar reminded me of shopping in Mumbai and Varnasi. Even though heavily reliant on gas and oil, the Emirates are focused on tourism and foreign business.

Guyana needs to study how they are able to negotiate their oil exploration, and take control.

Django posted:

"Dubai has approximately 4 billion barrels of oil in reserve and holds the second place in terms of oil reserves in the UAE."

Guyana current oil find 3.2 billion barrels.

https://www.stabroeknews.com/2...d-in-guyana-is-huge/

Guyana can be the Dubai of South America with proper financial management.

Oh bai, how can Guyana be the Dubai of SA with them corrupt politicians ... at the moment the country is sold out to foreign investors .

 

Mitwah posted:
Prashad posted:

In 2008 Dubai became flat broke during the great recession in the USA .  They had to be bailed out by Abu Dhabai.

BTW, Abu Dhabi is the capital. It was in 1971, that they started to rebuild. You should see the massive buildings and construction that is going on. Real Estate development is the hub of any economy. They are boasting of the highest building, the largest airport is in progress. You should see the deep water harbour and the activities. The roads and streets are well maintained; well they have the materials. I passed by the refineries and cement factories, massive.

The place is very clean. There are heavy fines for littering. Crimes are very low, laws are very strict.

Prash, it seems like more than half of the inhabitants are from India, Pakistan, Bangladesh with majority of construction workers from Sri Lanka. Mina Bazaar reminded me of shopping in Mumbai and Varnasi. Even though heavily reliant on gas and oil, the Emirates are focused on tourism and foreign business.

Guyana needs to study how they are able to negotiate their oil exploration, and take control.

At the end of the day the brown people from South Asia have to go sleep in the Arab man's paki pit while the white Arab and the white man and white woman from the West and Russia sleep in their comfortable Westin hotel beds.

Prashad posted:
Mitwah posted:
Prashad posted:

In 2008 Dubai became flat broke during the great recession in the USA .  They had to be bailed out by Abu Dhabai.

BTW, Abu Dhabi is the capital. It was in 1971, that they started to rebuild. You should see the massive buildings and construction that is going on. Real Estate development is the hub of any economy. They are boasting of the highest building, the largest airport is in progress. You should see the deep water harbour and the activities. The roads and streets are well maintained; well they have the materials. I passed by the refineries and cement factories, massive.

The place is very clean. There are heavy fines for littering. Crimes are very low, laws are very strict.

Prash, it seems like more than half of the inhabitants are from India, Pakistan, Bangladesh with majority of construction workers from Sri Lanka. Mina Bazaar reminded me of shopping in Mumbai and Varnasi. Even though heavily reliant on gas and oil, the Emirates are focused on tourism and foreign business.

Guyana needs to study how they are able to negotiate their oil exploration, and take control.

At the end of the day the brown people from South Asia have to go sleep in the Arab man's paki pit while the white Arab and the white man and white woman from the West and Russia sleep in their comfortable Westin hotel beds.

At the end of the day, your brown people chose to come there to make a living and support their family rather than starve in their own country.

Add Reply

Likes (0)

×
×
×
×
×