PETRONAS expands in Abu Dhabi with third O&G exploration concession

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By DayakDaily Team

KUCHING, Sept 27: PETRONAS Abu Dhabi Sdn Bhd (PETRONAS Abu Dhabi) was granted a new oil and gas (O&G) exploration concession in Onshore Block 2 by the Supreme Council for Financial and Economic Affairs (SCFEA).

Under the agreement, PETRONAS Abu Dhabi, a wholly-owned subsidiary of Petroliam National Berhad (PETRONAS), will hold 100 per cent equity and assume operatorship during the exploration period.

According to a press statement today, the Onshore Block 2, located within the Al Dhafra region of Abu Dhabi covering an area of over 7,300 square kilometres, is PETRONAS Abu Dhabi’s third concession, following the Unconventional Block 5 in 2024 and the Unconventional Block 1 in 2022.

PETRONAS executive vice president and chief executive officer of Upstream, Mohd Jukris Abdul Wahab, emphasised that this endeavour broadens PETRONAS Upstream’s portfolio in Abu Dhabi, incorporating both unconventional and conventional resources, offering potential for exploration growth.

“We are excited about this new venture and extend our deepest gratitude to SCFEA for their unwavering trust and collaboration, ” he said.

In alignment with PETRONAS’ net-zero targets, PETRONAS Abu Dhabi remains committed to exploring a sustainable approach for its operations.

As a national oil company with a global presence, PETRONAS remains committed to balancing domestic obligations while seizing international opportunities and maintaining a robust business portfolio amidst the evolving energy landscape. — DayakDaily

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