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Zakum Development Company (ZADCO)

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In November 1977, Sheikh Zayed Bin Sultan Al Nahyan, promulgated Law No.9 for 1977 incorporating Zakum Development Company (ZADCO) to develop and operate the Upper Zakum field. Currently, Zakum Development Company (ZADCO) has three major shareholders, Abu Dhabi National Oil Company (ADNOC) with 60% share, ExxonMobil with 28% share, and Japan Oil Development Company limited (JODCO) with 12% share









Shaikh Zayed Bin Sultan Al Nahyan(May Almighty Allah Bless His Soul) The development of the Upper Zakum reservoir is considered as one of the major technical achievements in Abu Dhabi. As a result to ZADCO's continuous efforts exerted during the early years, the first shipment of Upper Zakum crude oil was exported on the tanker “Al-Ain” on 24th May 1983 marking a significant achievement in the company's progress.



In April 1988, ADNOC decided to merge the operations of Umm Al Dalkh Development Company (UDECO), which was established in 1978, with ZADCO's operations in order to rationalize operations, avoid duplication of functions and reduce cost. ZADCO Management has taken major steps in this respect, which resulted in the physical merger of the two companies.



In May 2000, a new structure for ZADCO based on Performance Driven Organization was achieved. An Assets-based-Organization which has in many areas changed the ways business has been run for more than two decades, redefined priorities, eliminated unnecessary hierarchy and introduced accountability for meeting targets.



Under the new organization, three Business Units were established, namely, Upper Zakum, Satah & Umm Al-Dalkh and Zirku, in addition to two other Support Units, Technical & Operational Resources and General Support Services that provide back-up to the three Business Units.



ZADCO as a Performance Driven Organization with the resources and full commitment of its employees will continue to meet its future challenges with greater success.

Description

ZADCO's mandate was to develop the Upper Zakum field on behalf of ADNOC and for the benefit of the shareholders in the joint venture, Abu Dhabi National Oil Company (ADNOC), ExxonMobil, and Japan Oil Development Company Ltd. (JODCO).



Besides Upper Zakum , the Company operates Umm Al Dalkh, and Satah fields. Crude oil from Upper Zakum, Umm Al Dalkh and Satah fields is pumped via main oil lines to Zirku Island for further processing, storage and export.



Zirku Island is located 140 Kms. north west of Abu Dhabi. With its advanced oil and gas installations, Zirku is considered the main industrial base for the processing, storage and export of oil from Upper Zakum, Umm Al-Dalkh and Satah Fields.



The company adopts the latest technologies in developing and operating these oil fields, with health, safety and environment concerns in mind, making it a leading operating company in the oil industry in the U.A.E

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