UAE Oil and Gas Market Outlook: Industry Trends, Key Players & Forecast

According to IMARC Group's latest research publication, UAE oil and gas market size reached 3.4 BPD in 2024. The market is projected to reach 4.9 BPD by 2033, exhibiting a growth rate of 3.7% during 2025-2033.

How AI is Reshaping the Future of UAE Oil and Gas Market

• Agentic AI for Exploration and Production: ADNOC's ENERGYai uses a 70-billion-parameter model trained on 50 years of knowledge, delivering rapid seismic analysis and production optimization, reducing critical processes from months to days.
• Predictive Maintenance and Performance Monitoring: Neuron 5 platform continuously analyzes data from thousands of assets, detecting potential issues early and avoiding unplanned downtime while optimizing operations across facilities.
• Advanced Reservoir Analysis: RockInsight visualizes every subsurface rock grain and pore at deep underground reservoirs, providing high-precision results that accelerate exploration and enhance resource efficiency.
• Robotics and Autonomous Operations: ADNOC expanded partnerships deploying robotics with AI-powered analytics across operations, improving efficiency, reducing downtime, and enabling remote monitoring and automated well operations.
• Sand Forecasting and Resource Optimization: Remal AI solution forecasts sand accumulation patterns at Shah Field in the Empty Quarter, optimizing resource allocation and maintaining productivity in challenging environments.

Unlock the Latest 2026 Data, Insights & Outlook

How Vision 2030 is Revolutionizing UAE Oil and Gas Industry

UAE's energy strategy is fundamentally transforming the oil and gas landscape through strategic infrastructure expansion and technological leadership. ADNOC plans to boost crude production capacity to 5 million barrels per day, backed by USD 150 billion investments through an expansion program. The Ghasha offshore development, expanded to 1.8 billion cubic feet daily, represents the nation's most technically complex project, coming fully online by the target date. ADNOC secured an USD 11 billion financing transaction to monetize Hail and Ghasha's midstream gas production, while new discoveries totaling 1.2 billion barrels of oil equivalent leverage 3D seismic surveys and AI-powered analysis. Reserves have climbed to 120 billion barrels of oil and 297 trillion cubic feet of gas—sufficient for 65 years at full capacity. The UAE targets AED 220 billion injection into the economy through local value programs, positioning Abu Dhabi as a global energy investor with XRG growing from USD 80 billion to USD 151 billion valuation.

UAE Oil and Gas Market Trends & Drivers:

The UAE oil and gas sector is experiencing transformation driven by substantial reserve holdings and advanced recovery technologies. The nation maintains some of the world's largest proven reserves, with conventional oil reaching 120 billion barrels and natural gas hitting 297 trillion cubic feet. ADNOC achieved the UAE's first-ever production of unconventional gas through strategic international partnerships and advanced technologies, supporting greater energy self-sufficiency. New discoveries totaling over 1.2 billion barrels of oil equivalent resulted from large-scale 3D seismic surveys combined with artificial intelligence-powered data analysis, unlocking previously inaccessible reservoirs. The offshore Satah Al Razboot field demonstrated a 25% production capacity jump to 140,000 barrels daily through implementation of advanced digital technologies, remote monitoring, and smart well operations managed remotely from 20 kilometers away, exemplifying efficiency gains across operations.

Strategic investments in cutting-edge technologies and infrastructure modernization are reshaping operational capabilities throughout the sector. ADNOC raised production capacity at offshore fields by 25% using AI technology as the country targets 5 million barrels daily. The company implemented remote monitoring equipment at Bab, Bu Hasa, and Southeast fields, enabling automated well operations that enhance efficiency, improve safety, and reduce downtime. ADNOC Gas awarded USD 550 million in EPC contracts for the ESTIDAMA gas pipeline expansion, extending the network over 300 kilometers to deliver natural gas to Northern Emirates customers. The Ruwais LNG project, launched with international partners including TotalEnergies, Shell, bp, and Mitsui, features two liquefaction trains with 9.6 million tons annual capacity starting in the latter half of the target period. These infrastructure developments support domestic energy security while positioning the UAE as a major LNG exporter serving global markets.

Energy diversification and AI-driven data center demands are creating unprecedented opportunities for gas production expansion and technological integration. UAE gas consumption could rise 50% within five years, with the region requiring an estimated USD 200 billion in natural gas investment by 2030. The country plans to generate 60 trillion AI tokens—representing 60% of projected global output—through large-scale data center facilities like Stargate, creating massive energy demands. Data centers currently account for 1-2% of global electricity demand, comparable to the airline industry, with generative AI expected to push this significantly higher. ADNOC is more than doubling liquefied natural gas production capacity to meet accelerating domestic and international consumption. Strategic partnerships with Microsoft, Masdar, and XRG advance AI deployment across the value chain while delivering energy solutions for global data center expansion, positioning the UAE across the entire AI infrastructure spectrum from energy production to applications.

UAE Oil and Gas Market Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Upstream
• Midstream
• Downstream

Application Insights:

• Offshore
• Onshore

Regional Insights:

• Dubai
• Abu Dhabi
• Sharjah
• Others

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Recent News and Developments in UAE Oil and Gas Market

• July 2024: ADNOC Gas announced a strategic move to optimize capital efficiency. They awarded EPC contracts valued at USD 550 million for the next phase of the UAE's gas pipeline expansion project, ESTIDAMA. While ADNOC Gas will manage the project, ownership is being transferred to ADNOC, allowing ADNOC Gas to focus its resources. This project will extend the pipeline network by over 300 kilometers, enabling them to deliver natural gas to more customers in the Northern Emirates.
• July 2024: TotalEnergies joined, with a 10% interest, the Ruwais LNG project alongside national company ADNOC (60%), Shell (10%), bp (10%) and Mitsui (10%). Launched by ADNOC in June 2024, Ruwais LNG is a liquefied natural gas (LNG) project located in Al Ruwais Industrial city, in Abu Dhabi. The project includes two liquefaction trains with a total capacity of 9.6 million tons per year. Start-up is expected in the second half of 2028.
• May 2024: Sharjah discovered new gas reserves in the onshore Al Hadiba field. The emirate, however, did not reveal the volumes of gas discovered as it is yet to test the field located north of the Al Sajaa Industrial Area in Sharjah, which has "promising quantities" of gas reserves, according to the Sharjah Government Media Bureau. According to the organization's global gas outlook report in March, the global demand for natural gas will rise to 5.36 trillion cubic metres by 2050 from 4.02 trillion cm in 2022.

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