Page 7 - Offshore Block News Today

Sales volumes rise The Bangkok-based giant took a further financial hit due to the revised production plan for Malaysian state player Petronas’ Yetagun project offshore Myanmar, in which it has a stake. Despite this, PTTEP last year posted average sales volume to 354,052 barrels of oil equivalent per day versus 350,651 boepd in 2019. "The company was able to generate profit by adjusting our operational plan, reducing the unit cost for the long term while maintaining our operational effectiven...

Dr Al Jaber said global consumption is expected to recover to 105 million bpd by 2030. “We are a long-term player. The future will require more oil and more hydrocarbon resources ... being the lowest-cost producer will always give us a competitive edge,” he said. The UAE is part of the 23-member Opec+ alliance of producers that agreed to curb output by a record 9.7 million bpd last year to rebalance oil markets. The curbs have since been eased to 7.2 million bpd and Dr Al Jaber said the “...

Tuesday, 22 December, 2020 - 07:30 Abu Dhabi - Asharq Al-Awsat Abu Dhabi National Oil Company (ADNOC) announced on Monday the signing of an exploration concession agreement with a consortium led by Eni Abu Dhabi, a subsidiary of Italy’s energy giant, and PTTEP MENA, a unit of Thailand’s PTT Exploration and Production Public Company Limited (PTTEP). The award has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC). I...

ADNOC awards Eni, PTTEP concession amid plans to hit 5 mil b/d capacity by 2030 Abu Dhabi National Oil Co, the UAE’s biggest energy producer, has awarded Italy’s Eni and Thailand’s PTTEP an exploration concession amid plans to boost oil production capacity by 25% to 5 million b/d by 2030. The Eni-PTTEP consortium won rights to look for oil and gas in Offshore Block 3, the second award in ADNOC’s second bidding round, the company said in a statement Dec. 21. Occidental Petroleum won the ...

Share Its subsidiary, PTTEP MENA Ltd, and Eni Abu Dhabi BV (Eni), a subsidiary of Italy-based oil and gas company Eni, won 2019 bidding for the concession from the state-owned Abu Dhabi National Oil Company (ADNOC). Photo PTTEP UAE’s largest offshore exploration block set for Thailand’s PTTEP, partner Tue, 22 December 2020 Thailands PTT Exploration and Production (PTTEP) and strategic partner Eni have been awarded the concession for the largest exploration block offered by the UAE. The inve...

UAE: ADNOC awards Eni and PTTEP consortium the first offshore exploration block in Abu Dhabi’s Second Competitive Block Bid Round 21 Dec 2020 Italy’s Eni and Thailand’s PTTEP awarded exploration concession for Offshore Block 3 and will invest up to AED1.51 billion ($412 million) during the exploration phase  In the event of a commercial discovery, the consortium will have the right to a production concession for a term of up to 35 years  ADNOC continues to leverage and strengthen its st...

Eni, PTTEP take Abu Dhabi offshore block Eni and Thailand’s PTT Exploration and Production (PTTEP) have won the first offshore block in Abu Dhabi’s second bid round, Adnoc has announced. Adnoc’s CEO Sultan Al Jaber, Eni’s CEO Claudio Descalzi and PTTEP’s CEO Phongsthorn Thavisin Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try aga...

Partager : ADNOC Awards Eni and PTTEP Consortium the First Offshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round édité le 21/12/2020 - Plus de news de "ADNOC" - Voir la fiche entreprise de "ADNOC" H.E. Dr. Al Jaber said: “This concession award reinforces ADNOC and Eni’s growing partnership across our value chain and deepens our relationship with Thailand’s PTTEP, one of the key markets for our crude oil and products. This again validates our targeted approach to va...

PTTEP and its partner win a new offshore exploration block in UAE édité le 21/12/2020 - Plus de news de "PTTEP" - Voir la fiche entreprise de "PTTEP" PTTEP together with its strategic partner Eni are once again awarded a new exploration block - Offshore Block 3, the largest offshore exploration block opened in 2019 for the concession bidding in the United Arab Emirates (UAE). This investment expansion provides PTTEP more opportunity to strengthen its investment portfolio in the Middle East. ...

Offshore Block 3 will be explored in alliance with Thailands PTT The consortium will invest up to Dh1.5 billion on exploration and appraisal of opportunities within Offshore Block 3. Image Credit: ADNOC Abu Dhabi: The exploration rights for Abu Dhabi’s Offshore Block 3 has been awarded to a consortium led by subsidiaries of Italy’s ENI and Thailand’s PTT Exploration and Production Public Company (PTTEP). The awarding - by Abu Dhabi National Oil Company (...