The Abu Dhabi National Oil Company (ADNOC) has announced a series of strategic agreements with major U.S. energy companies during the UAE-U.S. Business Dialogue, held in the presence of U.S. President Donald J. Trump. The deals could lead to as much as $60 billion in U.S. investments across UAE energy projects over their lifespans.

Among the key agreements is a field development plan with ExxonMobil and INPEX/JODCO to boost production capacity at Abu Dhabi’s Upper Zakum offshore field. The phased plan will incorporate advanced technologies and artificial intelligence (AI) to drive efficiency and sustainability. ADNOC said the project will include AI-enabled remote operations, power supplied by the UAE’s clean energy grid, and the use of artificial islands for drilling to minimize environmental impact.

In another major move, ADNOC signed a strategic collaboration agreement with Occidental Petroleum to assess increasing production at the Shah Gas field from 1.45 billion to 1.85 billion standard cubic feet per day. The agreement also covers the deployment of cutting-edge technologies to enhance operations at the field, one of the largest of its kind, located 180 kilometers southwest of Abu Dhabi.

ADNOC Managing Director and Group CEO Dr. Sultan Al Jaber, who also serves as UAE Minister of Industry and Advanced Technology, said the agreements reflect the deepening of UAE-U.S. energy ties and a joint commitment to global energy security.

“The strong bilateral relationship between the UAE and the U.S. is anchored in a shared vision for energy resilience and innovation,” said Al Jaber. “These agreements mark a significant step toward unlocking sustainable value and advancing socio-economic development through collaboration.”

ADNOC’s global investment arm, XRG, is prioritizing the U.S. as a core growth market. The company intends to increase investments throughout the American energy value chain, with a focus on gas, LNG, specialty chemicals, and infrastructure.

XRG has also entered into a framework agreement with 1PointFive, a subsidiary of Occidental, to evaluate a potential investment in a direct air capture (DAC) project located in Kleberg County, Texas. The facility aims to remove up to 500,000 tons of CO2 annually, with XRG considering a capital stake of up to one-third of the project’s development cost.

Additionally, Abu Dhabi’s Supreme Council for Financial and Economic Affairs awarded a new unconventional oil exploration concession to EOG Resources Inc. The Unconventional Onshore Block 3, covering 3,609 square kilometers in the Al Dhafra region, marks the first such award to a U.S. company. ADNOC will support exploration efforts and retains an option to participate in production.