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ADNOC Awards Cosmo Offshore Exploration Block in Abu Dhabis Second Competitive Block Bid Round
édité le 11/02/2021 - Plus de news de ADNOC - Voir la fiche entreprise de ADNOC
The Abu Dhabi National Oil Company (ADNOC) announced, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabis Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japans Cosmo Energy Holdings Co., Ltd. (Cosmo). The award has been approved by Abu Dhabis newly formed Supreme Council for Financial and Economic Affairs (SCFEA) and marks the first of such awards endorsed by the SCFEA.
UAE: ADNOC awards offshore exploration block to Cosmo in Abu Dhabi’s second competitive block bid round
10 Feb 2021
Cosmo awarded exploration concession for Offshore Block 4 and will invest up to $145 million (AED532 million) during the exploration phase
Agreement further strengthens ADNOC’s long-standing partnership with Cosmo as well as the UAE-Japan strategic bilateral relationship
The
Abu Dhabi National Oil Company (ADNOC) has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s
Offshore Block 4 to
Cosmo E&P Albahriya, a wholly-owned subsidiary of Japan’s
Cosmo Energy Holdings. The award has been approved by Abu Dhabi’s newly formed Supreme Council for Financial and Economic Affairs (SCFEA) and marks the first of such awards endorsed by the SCFEA.