Page 16 - Offshore Block News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SHARE Abu Dhabi National Oil Company (Adnoc) awarded exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by subsidiaries of Italy's Eni and Thailand's PTT Exploration and Production Public Company (PTTEP). Eni will operate the exploration phase of the concession but PTTEP and Eni will collectively hold a 100 per cent stake in the exploration phase. They will invest up to Dh1.51 billion ($412 million) towards exploration and appraisal drilling, including a participation fee, to explore for and appraise oil and gas opportunities in Offshore Block 3, Adnoc said in a stateme...

PTTEP and its partner win a new offshore exploration block in UAE Bangkok, December 21, 2020 - 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. Mr. Phongsthorn Thavisin, Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP) revealed that its subsidiary, PTTEP MENA ...

ADNOC has signed an exploration concession agreement with a consortium led by Eni and PTTEP. The Abu Dhabi National Oil Company (ADNOC) revealed Monday that it has signed an exploration concession agreement with a consortium led by Eni Abu Dhabi B.V., a wholly-owned subsidiary of Eni (NYSE: E), and PTTEP MENA Ltd., a wholly-owned subsidiary of PTT Exploration and Production Public Company Limited (BKK: PTTEP). The deal, which has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC), awards the exploration rights for Abu Dhabi’s Offshore Block 3 to the consortium. Under the terms o...

Premium Content UAE Cements US, Israel Alliance With This Huge Oil Deal By Simon Watkins - Dec 15, 2020, 4:00 PM CST The Abu Dhabi National Oil Co (ADNOC) - the key corporate proxy at the centre of the U.S.’s Middle East pushback against increasing Chinese and Russian influence across the region via the recent ‘normalisation deals’ between Israel and the UAE and Bahrain –– last week further cemented this alliance with the award of a second major oil and gas exploration block concession to the U.S.’s Occidental. The U.S. major had previously won the 5,782 square kilometr...