The newly discovered Al Jalila offshore oilfield is expected to begin full-scale commercial production of oil in 2011, giving a boost to Dubai’s economy.
This new oilfield, named after the daughter of Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, will be the fifth productive field in Dubai since oil was discovered in the 1960s, Dubai government’s Media Office statement noted.
Research and initial exploration in the new oilfield off Dubai’s coast predicted the possibility of full-scale commercial production within a year, the statement said.
The new field should “notably increase the production of crude in Dubai, whose current oil reserves are about four billion barrels,” the statement continued, adding such can help the emirate State boost electricity output. (PNA/PTI)