Abu Dhabi National Oil Co. (ADNOC) said on Feb. 2 it awarded the U.S.-based Occidental Petroleum an onshore block, known as Onshore Block 3.
Occidental will have a 35-year concession and invest $244 million during the exploration phase of the block, which covers an area of 5,782 sq km (2,232 sq miles) in al-Dhafrah region in the emirate of Abu Dhabi.
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