Two discoveries
Yaser Saeed Almazrouei, Adnoc Upstream Executive Director, said, “The positive interim results recorded by our partners, Eni and PTTEP, in the exploration of Offshore Block 2 follows the recent significant discovery in Onshore Block 4, highlighting the continued success of Adnoc’s accelerated exploration and development program. Both discoveries leveraged insights from Adnoc’s ongoing 3D mega seismic survey, underpinning the important role the survey is playing for us and our strategic partners as it utilises state-of-the-art technologies to help identify new hydrocarbon resources across Abu Dhabi.”
Drilling operations continue to reach deeper formations to fully unlock the resource volume in Offshore Block 2 and further explore the promising potential across the block as well as across Offshore Blocks 1 and 3 exploration concession areas, which were also awarded to Eni and PTTEP.
This achievement follows the announcement in December 2021 of the discovery of up to 1 billion barrels of oil equivalent (BBOE) in Onshore Block 4 Exploration Concession, operated by Inpex/Jodco.
Adnoc launched Abu Dhabi’s first and second competitive block bid rounds in 2018 and 2019 respectively, offering a set of major onshore and offshore blocks to international companies, on behalf of the Government of Abu Dhabi. Based on existing data from detailed petroleum system studies, seismic surveys, exploration and appraisal wells data, estimates suggest the blocks hold multiple billion barrels of oil and multiple trillion cubic feet of natural gas.
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