The Abu Dhabi National Oil Company (ADNOC) announced on Thursday the discovery of natural gas resources offshore of the Emirate of Abu Dhabi.
Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 – 2 trillion standard cubic feet (TSCF) of raw gas in place.
We’re pleased to announce another resource discovery in Abu Dhabi.
Interim results indicate 1.5-2 trillion standard cubic feet of raw gas in place from the first exploration well at Offshore Block 2 operated by our partner, @eni. #EnergyForLife
— ADNOC Group (@AdnocGroup) February 3, 2022
This discovery marks the first of Abu Dhabi’s offshore exploration concessions.
It highlights the continued success of ADNOC’s block bid rounds and its expanded approach to strategic partnerships.
A consortium led by Eni and PTT Exploration and Production Public Company Limited (PTTEP) were awarded the exploration rights for Offshore Block 2 in 2019 as part of ADNOC’s debut competitive block bid round.
Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), said, “We look forward to continuing to work with all our strategic partners to sustainably unlock Abu Dhabi’s hydrocarbon resources and stay ahead of the world’s growing demand for lower-carbon energy.”
Offshore Block 2 covers an area of 4,033 square kilometers northwest of Abu Dhabi.
The discovery in the block was enabled by new insights from the world’s largest combined onshore and offshore three-dimensional (3D) mega seismic survey currently underway in Abu Dhabi.
Drilling operations continue to reach deeper formations to fully unlock the resource volume in Offshore Block 2 and further explore the promising potential across the block as well as across Offshore Blocks 1 and 3 exploration concession areas, which were also awarded to Eni and PTTEP.
This achievement follows the announcement in December 2021 of the discovery of up to 1 billion barrels of oil equivalent (BBOE) in Onshore Block 4 Exploration Concession, operated by INPEX/JODCO.
ADNOC launched Abu Dhabi’s first and second competitive block bid rounds in 2018 and 2019 respectively, offering a set of major onshore and offshore blocks to international companies, on behalf of the Government of Abu Dhabi.
