ADNOC announces second gas discovery from Offshore Block 2 Exploration Concession

Abu Dhabi National Oil Company (ADNOC) has announced the second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni.

The discovery from a new deeper reservoir indicates between 1–1.5 trillion standard cubic feet (TSCF) of raw gas in place.

This complements the initial finding in February from a shallower target, taking the total amount of gas in place from this single well to 2.5 – 3.5 TSCF.

Read: Abu Dhabi’s ADNOC announces discovery of new natural gas resources offshore

A consortium, led by Eni and PTT Exploration and Production Public Company (PTTEP), was awarded the exploration rights for Offshore Block 2 in 2019.

Yaser Saeed Almazrouei, ADNOC Upstream ED, said: “This discovery further highlights how ADNOC’s accelerated exploration and development program is identifying untapped hydrocarbon resources, creating long-term value for the UAE. We are particularly pleased to see Eni and PTTEP pursuing deeper zones, which has demonstrated additional potential resources in place. We look forward to continuing to work with all our strategic partners to sustainably identify and further unlock Abu Dhabi’s hydrocarbon resources.”

Both discoveries leveraged insights from ADNOC’s ongoing 3D mega seismic survey.

This latest discovery builds on previously announced exploration concession discoveries.  In May, ADNOC also announced the discovery of approximately 100 million barrels of oil in place in Abu Dhabi’s Onshore Block 3, operated by Occidental, while in December 2021, up to 1 billion barrels of oil equivalent (BBOE) in Onshore Block 4 Exploration Concession, which is operated by INPEX/JODCO was confirmed.

Read: UAE’s ADNOC announces three onshore oil discoveries

In recent news, ADNOC announced the award of two substantial contracts totaling $2bn to ADNOC Drilling for the Hail and Ghasha Development Project. A third contract, valued at $681m, was also awarded to ADNOC Logistics & Services.

Read: ADNOC Drilling confirms $2bn contract award for Ghasha mega project