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2030 Strategy

 

2030 Strategy

Our Strategic Foundations

ADNOC’s 2030 Strategy is built on our strategic foundations People, Performance, Profitability and Efficiency. These remain the common principles through which all strategic decisions at ADNOC and our group of companies are taken.

People

Our most precious resource lies not in the ground or under the sea, but in the people of our organization.

Performance

We are building on ADNOC’s legacy by evolving a performance led culture that views everything we do through a commercial lens.

Efficiency

We can’t predict the future price of oil. But what we can control is the cost of producing each barrel. By controlling this cost, we can control our destiny and be competitive whatever the market price for oil.

BASE OILS

We are upgrading the entire value chain of our business and taking advantage of our geography at the pivot point between East and West to capitalize on markets

FUEL OILS

We are upgrading the entire value chain of our business and taking advantage of our geography at the pivot point between East and West to capitalize on markets

GAS OIL

We are upgrading the entire value chain of our business and taking advantage of our geography at the pivot point between East and West to capitalize on markets

NAPHTA

We are upgrading the entire value chain of our business and taking advantage of our geography at the pivot point between East and West to capitalize on markets

Profitability

We are upgrading the entire value chain of our business and taking advantage of our geography at the pivot point between East and West to capitalize on markets

2030 Strategy

Our Strategic Pillars

ADNOC continues to responsibly supply the world’s energy needs, creating value for the UAE and the world as one of the most carbon efficient oil and gas producers.

PEOPLE

In the half century since it was founded by Sheikh Zayed, ADNOC has stayed true to its mission to invest in people – its workforce and the people of Abu Dhabi.

PROFITABILITY

ADNOC has transformed as a performance-driven organization focused on driving operational efficiencies, a lower cost per barrel and value creation across the ADNOC Group.

SUSTAINABILITY

Sustainability has been an integral part of ADNOC’s identity since it was founded, and we have stayed true to the vision of Sheikh Zayed, our UAE founding father.

2030 Strategy

Enablers: Technology, Partnerships & People

ADNOC’s 2030 strategy is enabled by a focus on Partnerships, Technology and Human Capital and will be sustained through active engagement with stakeholders who are core to the development and sustainable implementation of our integrated strategy.

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Sustainability

At ADNOC sustainability means balancing our responsibility to enabling lasting prosperity for our nation, with delivering on climate action and a just energy transition. We are committed to Net Zero by 2050, and to delivering real change in how energy is produced and consumed.

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Responsible Growth

We will responsibly grow our oil production capacity to 5 million barrels per day, by 2027, from our lower carbon reservoirs, drive advanced EOR solutions and explore for new resources to meet the growing energy needs of our customers, while keeping emissions to the minimum.

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Decarbonization

In line with the goals of the 2015 Paris Agreement, we have set targets and made commitments to reduce the amount of CO2 produced by our operations by actively pursuing the development of decarbonization technologies, including carbon capture, utilization, and storage (CCUS), while investing in greater efficiencies and operational excellence.

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Emissions Reduction

Hand-in-hand with our partners, customers, suppliers and others we constantly monitor our emissions and have put in place advanced digital technology for effective emissions management to reduce the impact of our operations on communities and the environment.

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Cleaner Energy Solutions

We are investing in the diverse and new sources of energy the world needs to progress a responsible and realistic energy transition.

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Net Zero by 2050

Our objective is to be a diversified net zero emissions energy company by 2050, or sooner, in support of the UAE Net Zero by 2050 Strategic Initiative. We will lead by example, bringing together energy, technology and finance leaders to create a realistic and practical pathway to net zero by 2050.

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