UAE: ADNOC awards Eni and PTTEP consortium the first offshore exploration block in Abu Dhabi’s Second Competitive Block Bid Round
21 Dec 2020
Italy’s Eni and Thailand’s PTTEP awarded exploration concession for Offshore Block 3 and will invest up to AED1.51 billion ($412 million) during the exploration phase
In the event of a commercial discovery, the consortium will have the right to a production concession for a term of up to 35 years
ADNOC continues to leverage and strengthen its strategic partnerships to accelerate the exploration and development of Abu Dhabi’s hydrocarbon resources
The
Abu Dhabi National Oil Company (ADNOC) has announced the signing of an exploration concession agreement, awarding the exploration rights for
Italian, Thai energy giants to invest $412m in Abu Dhabi offshore concession
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UAE Business: Eni, PTTEP consortium wins Adnoc offshore exploration contracts
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