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ADNOC announces onshore oil discoveries
UAE ABU Dhabi National Oil Co. (ADNOC) this oil resources”.
week announced that 650mn barrels of oil have The Bu Hasa discovery came a year to the
been discovered across three oilfields in the week since ADNOC awarded $318mn of engi-
Emirate. neering, procurement and construction (EPC)
The finds were disclosed during an ADNOC work on the asset to China Petroleum Pipeline
board meeting, chaired by H.H. Sheikh Khaled Engineering Co. (CPPEC) and Robt Stone with
bin Mohamed bin Zayed Al Nahyan, member of a duration of three years, with an optional two-
the Abu Dhabi Executive Council and chairman year extension. The contracts were aimed at
of the Abu Dhabi Executive Office. maintaining output at 650,000 bpd.
At 500mn barrels, a discovery at the Bu Hasa The Onshore Block 3 find is the second
oilfield was the largest of the three, with 100mn since Oxy picked up exploration rights to the
barrels discovered in Onshore Block 3, which 11,000-square km concession in 2019, having
is operated by US firm Occidental Petroleum announced a “multi-reservoir discovery” last
(Oxy), and another 50mn barrels found in the year.
Al Dhafra Petroleum Concession in the south- Meanwhile, the discovery of 50mn barrels in
east of the emirate. the Al Dhafra concession supports the develop-
Producing 650,000 barrels per day (bpd), ment of the area by a joint venture of the same
Bu Hasa is ADNOC’s largest onshore asset name between ADNOC, Korea National Oil
and provides a significant portion of ADNOC Co. (KNOC) and fellow Korean firm GS Energy.
Onshore’s output. Following the discovery, Work is ongoing at the concession’s Haliba field
the field is thought to have held total proven – home to 1.1bn barrels of oil in place (OIP) – to
reserves in excess of 7bn barrels, with the find achieve a production capacity of 60,000 bpd by
providing “additional premium-grade Murban 2023.
P10 www. NEWSBASE .com Week 21 25•May•2022