ADNOC and Malaysian giant Petronas have signed a landmark agreement for Abu Dhabi’s first-ever onshore unconventional oil block covering a 2000-square kilometre concession area in the Al Dhafra region. “Petronas will hold 100% equity and operatorship to explore and appraise unconventional oil in the concession area for a period up to six years,” Petronas said […]
unconventional oil
Posted inDRILLING & PRODUCTION
ADNOC eyes US partnerships for UAE unconventional oil
Jaber has been vocal about ADNOC Group’s new approach to partnerships
Posted inProducts & Services
ConocoPhillips slashes budget for 2015
Capital budget for 2015 down 20% compared with 2014
Posted inNews
Everyone’s Talking Unconventional
Discussing unconventional oil has become convention, here’s why.