What does ZADCO mean?

What does ZADCO mean?

Zakum Development Company (ZADCO), a joint venture comprising of ADNOC (60%), ExxonMobil (28%), and Japan Oil Development Company (Jodco-12%) Expand. Upper Zakum oilfield currently produces 640,000 barrels of oil a day (bpd) from around 450 wells, which are tied to 90 platforms.

What is the Upper Zakum uz750 project?

In October 2015, Petrofac delivered the first two modules for ZADCO’s Upper Zakum UZ750 project. Located north-west of the Abu Dhabi islands, the man-made islands were developed using new technologies, including the extended reach drilling (ERD) technology, which enables wells to be drilled vertically in the initial stages.

Who owns the Zakum oil field?

It is owned by Zakum Development Company (ZADCO), a joint venture of ADNOC (60%) acting as the operator, ExxonMobil (28%) and Japan Oil Development Company (Jodco-12%), a wholly owned subsidiary of INPEX. Production capacity at the field is set to increase to 750,000bpd following the completion of the UZ750 Project,…