Additional Hydrocarbon Deposits In Abu Dhabi Estimated At 11 Bbbl Of Oil, 15 Tcf Of Gas

Drilling Activity Details

Locations

United Arab Emirates

Post Date
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Geo Coordinate

Drilling Activity Summary

Description

Abu Dhabi National Oil Co. has discovered more hydrocarbon deposits that increase existing oil reserves by 1% and an increase to gas reserves by 7.1%. Based on existing data from detailed petroleum system studies, seismic surveys, log files and core samples from hundreds of appraisal wells, estimates suggest these new blocks hold 11 Bbbl of oil and possibly 15 Tcf of gas. Abu Dhabi’s Supreme Petroleum Council has approved a five-year capex plan for exploration and production beginning this year.