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ADNOC announces 1.5 TSCF natural gas discovery in Abu Dhabi

ADNOC announces 1.5 TSCF natural gas discovery in Abu Dhabi

Arab Finance: The Abu Dhabi National Oil Company (ADNOC) announced the discovery of a deep raw natural gas reservoir with up to 1.5 trillion standard cubic feet (TSCF) in Abu Dhabi, according to a press release on July 31st.

This marks the second discovery natural gas discovery at the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni.

In 2019, a consortium, led by Italy’s Eni and the Thai PTT Exploration and Production Public Company (PTTEP), won the exploration rights for Offshore Block 2.

“This discovery further highlights how ADNOC’s accelerated exploration and development program is identifying untapped hydrocarbon resources, creating long-term value for the UAE,” ADNOC Upstream Executive Director Yaser Saeed Almazrouei commented.

 

 

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