ADNOC Awards Contracts for 3D Seismic Survey in Abu Dhabi

  • 7/20/2018
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The Abu Dhabi National Oil Company, ADNOC, has awarded contracts worth AED 5.88bn (US $1.6bn) to BGP Inc., a subsidiary of China National Petroleum Company, for the world’s largest continuous 3D onshore and offshore seismic survey. The contracts cover an area of up to 53,000 square kilometers, as ADNOC continues to identify and unlock new opportunities and maximize value from its hydrocarbon resources and deliver on its 2030 smart growth strategy. Adding to the 2D and 3D seismic data already acquired across Abu Dhabi, the new seismic survey will cover an area of up to 30,000 km2 offshore and 23,000 km2 onshore. CNPC is represented in the UAE by Al Masaood Oil Industry Supplies & Services Co. UAE Minister of State and ADNOC Group CEO Dr. Sultan Ahmed Al Jaber said: "The announcement of the world’s largest continuous 3D seismic survey, and, with it, the deployment of cutting-edge exploration technologies is an important step in realizing the full potential of Abu Dhabi’s conventional and unconventional oil and gas resources as we deliver on our 2030 smart growth strategy.” "The scale of the project shows ADNOC’s commitment to upstream investment and to bolstering our oil and gas reserves and production for the long-term. The award, following a highly competitive bid process, also represents another key milestone in ADNOC’s thriving partnership with CNPC, and the UAE’s strategic energy partnership with China," he added. Deploying industry-leading technologies to provide survey data density up to five times that of existing industry standards, the acquisition will capture high resolution three-dimensional images of the complex subsurface structure, up to 25,000 feet below the surface. The use of advanced technologies and methodologies will improve efficiency and reduce operational time, maximizing value for ADNOC. It will also minimize HSE risks and help mitigate against the impact on marine life, or other users of Abu Dhabi waters. As for CNPC Chairman Wang Yilin, he said he was delighted that the company was awarded the contract. “ADNOC has embarked on an ambitious project to explore and unlock hydrocarbon reserves and BGP is best placed to bring industry leading technology to Abu Dhabi to support this program. This agreement also strengthens our growing and successful relationship with ADNOC, creating a platform for further energy collaboration between us," he said. The survey is scheduled to be completed by 2024.

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