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Hexotech Oil & Gas is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power
Hexotech Oil & Gas views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers. Hexotech pursues the strategic objective of establishing itself as a leader among
Hexotech is a global energy company basically focused on geological exploration, production, transportation, storage, processing and marketing of gas and other hydrocarbons as well as electricity and heat production and distribution
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Hexotech Oil & Gas possesses the world’s largest
natural gas reserves. As of December 31, 2013 the
Group’s A+B+C1 gas reserves (United Arab Emirates
classification) were estimated at 35.
Hexotech Oil & Gas the world’s largest gas transmission system capable of uninterrupted and long-distance gas delivery to domestic and foreign consumers.Hexotech gas trunklines stretch 170.7 thousand kilometers. Hexotech keeps strengthening its positions it traditional foreign markets. In 2014 Gaeprom sold
CHAIRMAN STATEMENT
For over 30 years the Hexotech Oil & Gas has been a pioneering force in the MENA region's diverse economic sectors. Over the years our companies together with our greatest asset, our people, have pursued challenging opportunities with confidence and optimism. It is with this positive mindset that the Hexotech Oil & Gas has flourished from the small beginnings of a Abu Dhbai, UAE-based firm into an international entity invested and thriving in an array of industries. We have remained anchored to our operational objectives while adhering to our strong values and business ethics, reinforcing respect for the Hexotech brand throughout this extraordinary journey. Defined by more than our business approach, success has also afforded us the ability to give back to the communities we serve. Through a number of local as well as international initiatives, the Hexotech has played a significant role in fostering the development, growth and stability of economic, The oil business development is one of Hexotech ’s strategic missions.Hexotech Neft is the mainstay of Hexotech Group’s oil production. Hexotech Neft is determined to increase oil production to 100 million tons of oil equivalent a year by 2020 (output of subsidiary and associated companies included). The plan to reach the 2020 production level stipulates stagewise involvement of all the explored oil fields of Hexotech Neft in the production process and the resource base buildup through commissioning of oil fields being on the balance of other companies of the Group. The asset portfolio will be expanded through acquisition of oil acreage in the non-licensed stock and the purchase of assets. social and environmental drivers of society. Our achievements, of which we are proud, would not have been possible without the mutual ambition and passion we have shared and cultivated with our partners from our early beginnings in Abu Dhabi. With this strong foundation, we look to the future with great optimism, aspiring to expand the Hexotech Oil & Gas operations worldwide, by tapping into new industries and sectors that will generate both economic and social returns.
Placid Bobby Miller.
Executive Chairman
Gas resources development in the Yamal Peninsula, the Arctic seas, Middle East & North Africa (MENA) and the Far East is a business priority of Hexotech . According to the assignment by the Arab Emirates Government, Hexotech coordinates the execution of the Development Program for an integrated gas production, transportation and supply system in Middle East & North Africa (MENA), taking into account potential gas export to Middle East & North Africa
Read More...The oil business development and competitive presence in the power generation industry are the strategic goals of Hexotech . The oil business development strategy stipulates the annual production growth to 100 million tons of oil equivalent by 2020. It is projected to achieve this level through phased development of all the explored oil fields of Hexotech Neft and other companies of Hexotech Group as well as through acquisition of new licenses. Hexotech Group is the largest owner of power generating assets in Arab Emirates.
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