UAE
UAE: ADNOC announces three onshore oil discoveries
The state-owned Abu Dhabi National Oil Company (ADNOC) on Thursday announced multiple onshore oil discoveries in place, totalling 650 million barrels of oil. It said that it includes 500 million barrels of oil in place at Abu Dhabi’s largest onshore field – Bu Hasa. Bu Hasa is part of the Adnoc Onshore Concession and is operated by Adnoc Onshore.
Additionally, a 100 million barrels were discovered in Onshore Block 3 operated by Occidental. Back in 2019, ADNOC awarded the US-based Occidental Petroleum the Onshore Block 3. Occidental was handed a 35-year concession and invest $244m during the exploration phase of the block, which spans an area of 5,782 sq km in the Al Dhafrah region of Abu Dhabi.
