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Eni, PTTEP Awarded UAE Block Dec 21, 2020 12:25:pm Summary by: Joe Murphy Posted in: Eni, PTTEP Awarded UAE Block Italy's Eni and Thailand's PTTEP have been awarded a concession for the UAE's offshore block 3 and will invest some dirhams 1.51bn ($412mn) in exploration, Abu Dhabi's national oil company Adnoc reported on December 21. The award by Adnoc has been approved by Abu Dhabi's supreme petroleum council (SPC). The initial exploration period runs for nine years but Eni and PTTEP will have the right to a 35-year production concession if they make a commercial discovery. Eni said separatel...

Partager : Eni expands its presence in UAE with the award of a majority stake and operatorship in Offshore Block 3, one of Abu Dhabi’s largest offshore exploration concessions édité le 21/12/2020 - Plus de news de "ENI" - Voir la fiche entreprise de "ENI" Eni signed a Concession Agreement for the acquisition of a 70% stake in the Exploration Offshore Block 3, leading a consortium including a wholly owned subsidiary of Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) with the remaining 30% stake. Offshore Block 3, located in the north-west offshore of the Abu Dhabi...