The Abu Dhabi National Oil Company (ADNOC) has endorsed a massive five-year capital programme worth $150 billion, laying the groundwork for expanded production and new energy projects between 2026 and 2030.

The decision was made during a board meeting chaired by UAE President Sheikh Mohamed bin Zayed at ADNOC’s Habshan complex. The company also confirmed significant increases in both oil and gas reserves, with crude volumes rising to 120 billion stock-tank barrels and gas reserves climbing to 297 trillion standard cubic feet.

As part of the new programme, ADNOC has approved the establishment of a dedicated operating company for the Ghasha ultra-sour gas concession, one of the country’s most complex offshore developments. The new entity will oversee multiple fields under the Ghasha umbrella, targeting eventual output of around 1.8 billion cubic feet of gas per day along with 150,000 barrels per day of oil and condensate.

ADNOC is also accelerating its push into unconventional resources, where it estimates potential of more than 160 trillion cubic feet of gas and over 20 billion barrels of oil. The company plans to secure international partners to fast-track exploration and development in this segment.

Beyond upstream operations, ADNOC highlighted rapid growth in its global investment arm, XRG. The subsidiary’s enterprise value has climbed sharply since its launch last year, reflecting increased activity in chemicals, gas, and low-carbon energy ventures.

Senior officials said the new investment cycle is designed to strengthen energy security, expand ADNOC’s international footprint, and support the UAE’s wider economic objectives through technology deployment and in-country value programmes.