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ADNOC Announces US $45 Billion Investment Plan to Become Leading Global Downstream Player

May 15, 2018 UAE Business 0

The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which took place today in Abu Dhabi, UAE. The event brought together more than 40 CEOs and 800 senior business leaders from the global oil and gas, energy, petrochemical and finance industries, as well as many other sectors. Read more

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Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities

April 12, 2018 UAE Business 0
  • Major onshore and offshore blocks across the emirate opened for new competitive bidding round
  • Estimates suggest blocks contain substantial amounts of oil and gas
  • Successful bidders will have the opportunity to explore, and then develop and produce discoveries with ADNOC
  • Prospective partners invited to register interest for an invitation to international roadshow presentations on new blocks

 The Abu Dhabi National Oil Company (ADNOC) announced, today, as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for bidding. This follows the announcement last month by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO that Abu Dhabi was to launch its first ever competitive exploration and production bid round. Read more