Abu Dhabi’s onshore

ADNOC Awards $744 mm Contract for Developing Belbazem Offshore Block

The Abu Dhabi National Oil Company (ADNOC) awarded a $744 million contract to the National Petroleum Construction Company (NPCC) for full field development of the Belbazem Offshore Block.

ADNOC Awards Onshore Block 3 to Occidental Petroleum

Under the agreement, Occidental will own 100% of the block in the exploration phase and invest around $244 million, meanwhile ADNOC will be able to hold 60% stake in the production phase of the concession.

Total to Invest in the UAE

Total will continue investing in the UAE, as it has plans to be part of offshore concessions of Abu Dhabi Marine Operating Company (Adma-Opco) .

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