ExxonMobil Inks Deal to Participate in Upper Zakum Oil Field

Upper Zakum is one of the world’s largest oil fields, contributing significantly to Abu Dhabi’s current production, and with potential for substantial production growth. ExxonMobil, with ADNOC and JODCO, will provide support to the joint operating company, Zakum Development Company (ZADCO), in pursuing the objective of increasing production by about 50 percent to a target of 750,000 barrels per day. ExxonMobil has participated in Abu Dhabi’s petroleum business for more than sixty-five years.

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