Four year deal covers seismic, drilling and engineering work programmes
Austrias OMV and US-based Occidental Petroleum (Oxy) have signed a four-year deal to evaluate several undeveloped oil and gas fields in the North West Offshore area of Abu Dhabi.
The contract was signed with state-owned oil and gas producer Abu Dhabi National Oil Company (Adnoc) to study offshore fields including the Hail and Ghasha areas.
The deal covers a seismic, drilling and engineering work programmes for exploration, appraisal and potential field developments. OMV and Oxy will also contribute with seconded personnel and technical expertise for the evaluation activities.
OMV is already appraising sour gas reservoirs at Abu Dhabis onshore Shuwaihat field. Oxy is the Adnocs joint venture partners in Al-Hosn Gas the operator of the onshore Shah sour gas asset.
Abu Dhabi is already planning to develop sour gas reservoirs at the Hail and Ghasha fields.
You might also like...
Contractors win Oman Etihad Rail packages
23 April 2024
Saudi market returns to growth
23 April 2024
Middle East contract awards: March 2024
23 April 2024
Swiss developer appoints Helvetia residences contractor
23 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.