UAE: ADNOC announces three onshore oil discoveries – Gulf Insider

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.

See also  Israel to sell air defense system to UAE - Gulf Insider

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.

See also  India-UAE flights: As ticket prices soar, residents return through GCC countries - Gulf Insider


Source link


Works as an in-house Writer at Gulf Tech Plus and focuses on the latest smart consumer electronics. Closely follows the latest trends in consumer IoT and how it affects our daily lives. You can follow him on Facebook, Instagram & YouTube.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button