The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of a new offshore natural gas reserve, the first from Abu Dhabi’s offshore exploration concessions, according to Gulf Business.
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Abu Dhabi is the capital of the United Arab Emirates.
Interim results from the first exploration well indicated the reserve holds between 1.5 to 2 trillion standard cubic feet (TSCF) of natural gas.
The discovery was made in the emirate’s Offshore Block 2 Exploration Concession, spanning a total 4,033 square kilometers northwest of Abu Dhabi.
Exploration rights for the block were awarded in 2019 to Eni and the PTT Exploration and Production Public Company.
A separate discovery of up to one billion barrels of oil equivalent in Onshore Block 4 Exploration Concession was announced last December.