(MENAFN) A report issued by Vienna-based JBC Energy GmbH expected crude oil output at Abu Dhabi's Upper Zakum oil field to fall 20 percent as Abu Dhabi National Oil Company (Adnoc) carries out a maintenance drive in May, Bloomberg reported.
Zakum Development Co. (Zadco), which operates the oilfield, confirmed plans of to undergo maintenance works in May and will seek to minimize interruptions in supply. JBC said the maintenance will take up to 14 days.
The report said that the offshore deposit normally produces about 550,000 barrels of crude a day.
Zadco is 60 percent owned by Adnoc and 28 percent owned by Exxon Mobil Co., while Japan Oil Development Co., a unit of Japan's Inpex Group, owns 12 percent.