-
The first geological surveys and oil concessions were initiated in 1935, laying the groundwork for future discoveries. Green-lit by Sheikh Shakhbut Bin Sultan, Ruler of Abu Dhabi. -
Abu Dhabi’s first oil well was found on 16 February 1950 in Abu Dhabi territory at Ras Sadr which turned out to be dry. -
Oil was first discovered at the Umm Shaif offshore field in Abu Dhabi, marking the start of a new era. -
Abu Dhabi exported it's first ever oil shipment of crude oil from the Umm Shaif field, marking the start of the UAE's entrance into the global market. -
The UAE has grown drastically, from surviving off of tradition, to becoming a global oil manufacturing-powerhouse, and with no doubt does it hold one of the strongest economic forces in the world.