Abu Dhabi aims for offshore production to provide half of its output in the medium term as it strives for both onshore and offshore gains. After dipping in the first quarter this year, Abu Dhabi has had 20 or more operational rigs drilling offshore in July and August according to data from service firm Baker Hughes, the first time it has had consecutive months at this level since November 2015. Although at 21, July’s figure remains significantly below the level of 26 hit in November 2015,
drilling is proving resilient to the oil price slump that is hitting government (CONTINUED - 1315 WORDS)
