UAE’s oil potential boosted by promising shale discovery

AI Summary

The United Arab Emirates has discovered promising shale oil potential, drawing interest from international upstream investors seeking new unconventional hydrocarbon resources beyond the Americas. This discovery at Shilaif could signal a significant boost in oil production capacity for the UAE.

International shale is one of the emerging themes attracting upstream investment. With the incredible growth in US tight oil over the last decade drawing to a close, unconventional explorers, both Majors and Independents, are looking beyond the Americas for the ‘next big thing.’ In A hydrocarbon copy we singled out Shilaif in the United Arab ...