Posted inExploration & Production

QatarEnergy enters offshore Atlantic exploration in Canada

QatarEnergy signed an agreement with ExxonMobil Canada, marking its expansion in North America

QatarEnergy signed an agreement with ExxonMobil Canada to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada. The transaction has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). According to the agreement, QatarEnergy will hold a 40% participating interest in license EL 1165A, where […]

Posted inExploration & ProductionExploration

ADNOC awards offshore exploration block to Pakistan-led consortium

Pakistan Petroleum Limited led consortium awarded concession for Offshore Block 5 and will invest $304.7 million (AED1.12 billion) during the exploration phase

The Abu Dhabi National Oil Company (ADNOC) announced today, the signing of a historic exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies – Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Oil and Gas Development Company Limited (OGDCL), and Government Holdings (Private) […]