The Abu Dhabi National Oil Company (ADNOC) has awarded a contract worth up to $519 million to further expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey, taking place in the Emirate of Abu Dhabi, according to a press release.
This announcement comes after the discovery of 22 billion barrels of oil (bbbl), which is down to the important role seismic surveying plays in enabling ADNOC to identify and explore new hydrocarbon resources.
Yaser Saeed Al Mazrouei, ADNOC Upstream Executive Director, said: “This award builds on the solid progress we are making in executing the world’s largest combined 3D seismic survey which is an important part of our strategy to accelerate the exploration and development of Abu Dhabi’s hydrocarbon resources. It further demonstrates ADNOC’s commitment to realizing the full potential of our conventional and unconventional oil and gas resources to ensure the UAE remains a long-term and reliable energy provider to the world.”
The contract was awarded to BGP, a subsidiary of China National Petroleum Company (CNPC), represented in the United Arab Emirates (UAE) by Al Masaood Oil Industry Supplies & Services Company.
This new award brings the total area to be covered by the survey up to 85,000 square km.