Mauro Luiz Soares Zamprogno

Oil in Dubai: Historical past & Timeline

1966: Oil is initial found in Dubai in the offshore area Fateh
1969: Dubai begins to export oil. The first export cargo of oil developed from the Fateh area was about 180 thousand barrels
1972: oil drilling exploration wells commence functions in the subject in Falah.
Manufacturing begins in June 1978 1973: A new oil discipline is discovered in Rashid and production starts in March 1979
1982: An additional oil subject was found in Margham, creation started out in 1984.
1999: Govt of Dubai, Emirates Nationwide Oil Firm (ENOC), opens the company's initial oil refinery and follows a wholly owned subsidiary. The refinery, which expenses about $ 1.5 billion and produces 120,000 barrels for every day.
2000: Dubai joins the Dolphin venture by signing a memorandum of understanding to provide the Dubai Provide Authority with Qatari gasoline via the (Dolphin)
2007 project: Dubai Petroleum normally takes in excess of all oil and gasoline tasks in Dubai , Right after negotiations with worldwide oil firms.


Dubai has about four billion barrels of oil in reserve and ranks second in phrases of oil reserves in the United Arab Emirates. Dubai Petroleum Co (DPC) is the major operator in the emirate. Dubai's oil creation peaked in 1991 at 410,000 b / d, and has been declining ever given that.
Dubai's oil reserves have narrowed in the previous 10 years and are now anticipated to be exhausted inside 20 a long time. The principal fields are offshore: Fateh, Southwest Fateh and two more compact camps, Falah and Rashid. The only onshore deposit is the Margham area. Dubai Petroleum Company (DPC) is the foremost operator.
Condensate creation from the Margham onshore field is operating at close to twenty five,000 b / d. Margham, formerly operated by Arco International Oil & Gas Firm, is now managed by the Dubai Margham Establishment, which is the distinctive property of the Govt of Dubai.
Emirates Petroleum Products (EPCO) is linked with ENOC, which distributes petroleum items to more than one hundred twenty five distribution stations in Dubai and the north of the place. Emirates.

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