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Adnoc awards Japan's Cosmo offshore exploration block


Adnoc awards Japan’s Cosmo offshore exploration block
ABU DHABI, February 11, 2021
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.
The award of Offshore Block 4 follows the recent exploration block awards to Occidental as well as a consortium led by Italy’s Eni and Thailand’s PTTEP, highlighting Adnoc’s ability to continually deliver value in Abu Dhabi’s second competitive block bid round and leverage its strategic partnerships to accelerate the exploration and development of Abu Dhabi’s hydrocarbon resources. ....

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- ADNOC Awards Cosmo Offshore Exploration...


ADNOC Awards Cosmo Offshore Exploration Block in Abu Dhabi’s 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 Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings Co., Ltd. (Cosmo). 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. ....

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Adnoc awards offshore block rights to Japan's Cosmo


Cosmo was selected after a very competitive bid round. They bring expertise and understanding of our offshore environment, technology, and market access, said Dr Sultan Al Jaber, group chief executive at Adnoc and minister of industry and advanced technology.
The agreement with Cosmo, a longstanding player in Abu Dhabi s oil and gas industry, is built on the strategic bilateral relationship between the UAE and its biggest importer of energy products.
Japan first imported oil from the UAE in the early sixties, when crude from the Umm Shaif offshore field was delivered to the country. The world s third-largest economy imports 30 per cent of its crude from the UAE. ....

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Adnoc awards Cosmo offshore exploration block


Adnoc awards Cosmo offshore exploration block
Staff Reporter
© Provided by Khaleej Times
Adnoc awards Cosmo offshore exploration block
The Abu Dhabi National Oil Company (Adnoc) has announced the signing of 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 Co.
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.
The exploration concession agreement further strengthens Abu Dhabi s long-standing partnership with Cosmo as well as the UAE-Japan strategic bilateral relationship. The award of Offshore Block 4 follows the recent exploration block awards to Occidental as well as a consortium led by Italy s Eni and Thailand s PTTEP, highlighting Adnoc s ability to continually deliver value in Abu ....

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ADNOC awards Japan's Cosmo Energy offshore exploration rights


Dubai: Abu Dhabi National Oil Company (ADNOC) on Wednesday said it awarded the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings Co.
Under the terms of the agreement, Cosmo will hold a 100 per cent stake in the exploration phase, investing up to $145 million (Dh532 million) towards exploration and appraisal drilling, including a participation fee.
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.
The agreement “further strengthens Abu Dhabi’s long-standing partnership with Cosmo as well as the UAE-Japan strategic bilateral relationship,” said ADNOC in a statement. ....

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