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ADNOC awards Eni, PTTEP concession amid plans to hit 5 mil b\/d capacity by 2030

ADNOC awards Eni, PTTEP concession amid plans to hit 5 mil b/d capacity by 2030
Abu Dhabi National Oil Co, the UAE’s biggest energy producer, has awarded Italy’s Eni and Thailand’s PTTEP an exploration concession amid plans to boost oil production capacity by 25% to 5 million b/d by 2030.
The Eni-PTTEP consortium won rights to look for oil and gas in Offshore Block 3, the second award in ADNOC’s second bidding round, the company said in a statement Dec. 21. Occidental Petroleum won the first concession in the second bidding round, which was launched in 2019.
PTTEP and Eni will hold 100% in the exploration phase with investments up to Dirham 1.51 billion ($412 million), which include exploration and appraisal drilling, and a participation fee to explore for and appraise oil and gas opportunities. Eni will be the operator in the exploration phase for the block that spans an 11,660 sq km area. ....

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UAE's largest offshore exploration block set for Thailand's PTTEP, partner

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Its subsidiary, PTTEP MENA Ltd, and Eni Abu Dhabi BV (Eni), a subsidiary of Italy-based oil and gas company Eni, won 2019 bidding for the concession from the state-owned Abu Dhabi National Oil Company (ADNOC). Photo PTTEP
UAE’s largest offshore exploration block set for Thailand’s PTTEP, partner
Tue, 22 December 2020
Thailand s PTT Exploration and Production (PTTEP) and strategic partner Eni have been awarded the concession for the largest exploration block offered by the UAE.
The investment in Offshore Block 3 provides PTTEP with more opportunity to strengthen its investment portfolio in the Middle East, said the Thai company.
Its subsidiary, PTTEP MENA Ltd, and Eni Abu Dhabi BV (Eni), a subsidiary of Italy-based oil and gas company Eni, won 2019 bidding for the concession from the state-owned Abu Dhabi National Oil Company (ADNOC). ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Phongsthorn Thavisin , Abu Dhabi National Oil Company , Offshore Block , Middle East , Eni Abu Dhabi , Offshore Blocks , ஒன்றுபட்டது அரபு அமீரகங்கள் , கடல் தொகுதி , நடுத்தர கிழக்கு , கடல் தொகுதிகள் ,

UAE: ADNOC awards Eni and PTTEP consortium the first offshore exploration block in Abu Dhabi's Second Competitive Block Bid Round

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 ....

United Arab Emirates , Abu Dhabi , Abuz Aby , Sultan Ahmed Al Jaber , Phongsthorn Thavisin , Al Jaber , Claudio Descalzi , Abu Dhabi National Oil Company , Abu Dhabi Supreme Petroleum Council , Production Public Company Limited , Offshore Block , Supreme Petroleum Council , His Excellency , Advanced Technology , Offshore Blocks , Middle East , ஒன்றுபட்டது அரபு அமீரகங்கள் , அல் ஜாபர் , கிளாடியோ சேக்காலஜி , ப்ரொடக்ஶந் பொது நிறுவனம் வரையறுக்கப்பட்டவை , கடல் தொகுதி , உச்ச பெட்ரோலியம் சபை , அவரது மேன்மை , கடல் தொகுதிகள் , நடுத்தர கிழக்கு ,

Italian, Thai energy giants to invest $412m in Abu Dhabi offshore concession

Italian, Thai energy giants to invest $412m in Abu Dhabi offshore concession
arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.

Abu Dhabi , Abuz Aby , United Arab Emirates , Ahmed Al Jaber , Phongsthorn Thavisin , Al Jaber , Claudio Descalzi , Abu Dhabi National Oil Company , Supreme Petroleum Council , Abu Dhabi Supreme Petroleum Council , Production Public Company Limited , Eni Abu Dhabi , Offshore Block , Advanced Technology , Petroleum Council , Abu Dhabi National Oil , ஒன்றுபட்டது அரபு அமீரகங்கள் , அல் ஜாபர் , கிளாடியோ சேக்காலஜி , உச்ச பெட்ரோலியம் சபை , ப்ரொடக்ஶந் பொது நிறுவனம் வரையறுக்கப்பட்டவை , கடல் தொகுதி , பெட்ரோலியம் சபை ,

Eni, PTTEP take Abu Dhabi offshore block - News for the Oil and Gas Sector

Eni, PTTEP take Abu Dhabi offshore block
Eni and Thailand’s PTT Exploration and Production (PTTEP) have won the first offshore block in Abu Dhabi’s second bid round, Adnoc has announced.
Adnoc’s CEO Sultan Al Jaber, Eni’s CEO Claudio Descalzi and PTTEP’s CEO Phongsthorn Thavisin
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Eni and Thailand’s PTT Exploration and Production (PTTEP) have won the first offshore block in Abu Dhabi’s second bid round, Adnoc has announced. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Adnoc Al Jaber , Phongsthorn Thavisin , Sultan Al Jaber , Claudio Descalzi , Us Occidental Petroleum , Abu Dhabi Supreme Petroleum Council , Offshore Block , Eni Abu Dhabi , Supreme Petroleum Council , Occidental Petroleum , Onshore Block , ஒன்றுபட்டது அரபு அமீரகங்கள் , சுல்தான் அல் ஜாபர் , கிளாடியோ சேக்காலஜி , எங்களுக்கு தற்செயலானது பெட்ரோலியம் , கடல் தொகுதி , உச்ச பெட்ரோலியம் சபை , தற்செயலானது பெட்ரோலியம் , கடற்கரை தொகுதி ,