Oil & Gas
ADNOC Contracts to Expand 3D Seismic Survey
The Abu Dhabi National Oil Company announced the award of a contract worth up to USD 519 million to further expand the scope of the world’s largest
The Abu Dhabi National Oil Company announced the award of a contract worth up to USD 519 million to further expand the scope of the world’s largest combined three-dimensional onshore and offshore seismic survey, which is currently taking place in the Emirate of Abu Dhabi. The expansion underscores the important role seismic surveying plays in enabling ADNOC to identify and explore new hydrocarbon resources as highlighted by the recent major discoveries of recoverable unconventional oil resources and conventional oil reserves announced by Abu Dhabi’s Supreme Petroleum Council earlier this week. In addition, this mega seismic survey also supported the discovery of the conventional oil and gas reserves and the unconventional gas resources added to ADNOC’s portfolio in 2019.
The contract was awarded to BGP Inc, a subsidiary of China National Petroleum Company, represented in the United Arab Emirates by Al Masaood Oil Industry Supplies & Services Co. This new award brings the total area to be covered by the survey up to 85,000 km2 and reinforces ADNOC’s commitment to unlocking the full potential of Abu Dhabi’s vast hydrocarbon resources.