Natural gas discovered offshore of Abu Dhabi

  DUBAI - The Abu Dhabi National Oil Company (ADNOC) announced on Thursday (February 3) the discovery of natural gas resources offshore of Abu Dhabi. Initial results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 trillion to 2 trillion standard cubic feet (TSCF) of raw gas in place. This discovery marks the first from Abu Dhabi’s offshore exploration concessions, highlighting the continued success of ADNOC’s block bid rounds. A consortium led by Eni and PTT Exploration and Production Public Company Limited were awarded the exploration rights for Offshore Block 2 in 2019 as part of ADNOC’s debut competitive block bid round. Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC said, "The discovery of material natural gas resources in Offshore Block 2.. is enabling us to accelerate the exploration and development of Abu Dhabi’s untapped hydrocarbon resources and create long-term value for the UAE.” “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," Al Jaber added. 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 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. In December 2021, ADNOC also announced the discovery of up to 1 billion barrels of oil equivalent in Onshore Block 4 Exploration Concession. Estimates suggest the blocks hold multiple billion barrels of oil and multiple trillion cubic feet of natural gas. ICA/Expat Media
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