Abu Dhabi National Oil Company (ADNOC) announced in a statement regarding the discovery of significant conventional oil, condensate and gas up to 1 billion barrels of oil equivalent (BOE) from an exploration well in Abu Dhabi’s Onshore Block 4 Concession, operated by Japan’s INPEX/JODCO.
The discovery comprises substantial Murban oil resources and represents the first find from this concession area as well as from a new geological formation.
This achievement underscores how ADNOC’s accelerated exploration and development program is unlocking future value for the UAE.
The exploration well in Onshore Block 4 was drilled after new insights from Abu Dhabi’s ongoing combined onshore and offshore 3D seismic survey, which is the world’s largest and uses state-of-the-art technology during data acquisition to accurately interpret the acquired seismic data.
The next step is to appraise and further quantify these resources as well as to explore the promising potential in and around Onshore Block 4, statement mentioned.
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