ADNOC announced on Wednesday “significant conventional oil, condensate and gas discoveries” of up to 1 billion barrels of oil equivalent (BOE) from an exploration well in Abu Dhabi’s Onshore Block 4 Concession, which is operated by Japan’s INPEX/JODCO.
ADNOC announced the discovery on a Twitter post and said it comprises “substantial” Murban oil resources and represents the first find from this concession area as well as from a new geological formation.
This achievement underscores how ADNOC’s accelerated exploration and development program has been unlocking future value for the UAE, ADNOC said.
The exploration well in Onshore Block 4 was drilled after new insights from Abu Dhabi’s ongoing combined onshore and offshore 3D seismic survey, which is the world’s largest and uses state-of-the-art technology during data acquisition to accurately interpret the acquired seismic data, ADNOC said
The oil giant said the next step is to appraise and further quantify these resources as well as to explore the promising potential in and around Onshore Block 4.