EOG Resources Awarded Onshore Concession to Explore and Appraise Unconventional Shale Block in the UAE
EOG Resources (EOG) has secured a significant exploration concession for Unconventional Onshore Block 3 (UCO3) from Abu Dhabi's Supreme Council for Financial and Economic Affairs. The concession covers 3,609 square kilometers (approximately 900,000 acres) in the Al Dhafra region's over-pressured, oil-prone basin.
EOG holds 100% equity and operatorship and will collaborate with Abu Dhabi National Oil Company (ADNOC) to explore and appraise unconventional oil resources. The agreement includes a three-year appraisal phase, after which EOG may enter a production concession where ADNOC has participation options. Drilling operations are expected to commence in H2 2025 without affecting EOG's 2025 capital plan.
EOG Resources (EOG) ha ottenuto una significativa concessione esplorativa per il Blocco Onshore Non Convenzionale 3 (UCO3) dal Consiglio Supremo per gli Affari Finanziari ed Economici di Abu Dhabi. La concessione copre 3.609 chilometri quadrati (circa 900.000 acri) nella regione di Al Dhafra, in un bacino sovrappressurizzato e ricco di petrolio.
EOG detiene il 100% della proprietà e dell’operatività e collaborerà con la Abu Dhabi National Oil Company (ADNOC) per esplorare e valutare le risorse petrolifere non convenzionali. L’accordo prevede una fase di valutazione di tre anni, al termine della quale EOG potrà accedere a una concessione di produzione con opzioni di partecipazione per ADNOC. Le operazioni di perforazione inizieranno presumibilmente nella seconda metà del 2025 senza influire sul piano di investimenti di EOG per il 2025.
EOG Resources (EOG) ha asegurado una importante concesión exploratoria para el Bloque Terrestre No Convencional 3 (UCO3) del Consejo Supremo de Asuntos Financieros y Económicos de Abu Dhabi. La concesión abarca 3,609 kilómetros cuadrados (aproximadamente 900,000 acres) en la región de Al Dhafra, en una cuenca sobrepresionada y con potencial petrolero.
EOG posee el 100% de la participación y la operación y colaborará con la Compañía Nacional de Petróleo de Abu Dhabi (ADNOC) para explorar y evaluar recursos petrolíferos no convencionales. El acuerdo incluye una fase de evaluación de tres años, tras la cual EOG podrá entrar en una concesión de producción donde ADNOC tendrá opciones de participación. Se espera que las operaciones de perforación comiencen en la segunda mitad de 2025 sin afectar el plan de capital de EOG para 2025.
EOG 리소시스(EOG)는 아부다비 최고 재정경제위원회로부터 비전통 육상 블록 3(UCO3)에 대한 중요한 탐사 허가를 확보했습니다. 이 허가는 알 다프라 지역의 과압력 및 석유가 풍부한 분지 내 3,609 평방킬로미터(약 90만 에이커)를 포함합니다.
EOG는 100% 지분과 운영권을 보유하며, 아부다비 국영 석유회사(ADNOC)와 협력하여 비전통 석유 자원을 탐사 및 평가할 예정입니다. 계약에는 3년간 평가 단계가 포함되어 있으며, 이후 EOG는 ADNOC이 참여 옵션을 가진 생산 허가로 진입할 수 있습니다. 시추 작업은 2025년 하반기에 시작될 예정이며, 2025년 자본 계획에 영향을 주지 않습니다.
EOG Resources (EOG) a obtenu une concession d'exploration importante pour le Bloc Onshore Non Conventionnel 3 (UCO3) auprès du Conseil Suprême des Affaires Financières et Économiques d'Abu Dhabi. La concession couvre 3 609 kilomètres carrés (environ 900 000 acres) dans le bassin surpressurisé et riche en pétrole de la région d'Al Dhafra.
EOG détient 100 % des parts et de l'exploitation et collaborera avec la Abu Dhabi National Oil Company (ADNOC) pour explorer et évaluer les ressources pétrolières non conventionnelles. L'accord prévoit une phase d'évaluation de trois ans, après laquelle EOG pourra entrer dans une concession de production où ADNOC disposera d'options de participation. Les opérations de forage devraient commencer au second semestre 2025 sans impacter le plan d'investissement 2025 d'EOG.
EOG Resources (EOG) hat eine bedeutende Explorationskonzession für den Unkonventionellen Onshore Block 3 (UCO3) vom Obersten Rat für Finanz- und Wirtschaftsangelegenheiten Abu Dhabis erhalten. Die Konzession umfasst 3.609 Quadratkilometer (etwa 900.000 Acres) in der überdruckbehafteten, ölreichen Beckenregion Al Dhafra.
EOG hält 100% Eigenkapital und Betreiberrolle und wird mit der Abu Dhabi National Oil Company (ADNOC) zusammenarbeiten, um unkonventionelle Ölressourcen zu erkunden und zu bewerten. Die Vereinbarung beinhaltet eine drei Jahre lange Bewertungsphase, nach der EOG eine Produktionskonzession erhalten kann, bei der ADNOC Beteiligungsoptionen hat. Bohrarbeiten sollen in der zweiten Hälfte 2025 beginnen, ohne den Kapitalplan von EOG für 2025 zu beeinträchtigen.
- None.
- Three-year appraisal phase required before production rights
- ADNOC has option to participate in production phase, potentially reducing EOG's stake
- Success of unconventional oil exploration not guaranteed
The UCO3 concession area is 3,609 square kilometers, or nearly 900,000 acres, in an over-pressured, oil prone basin within the Al Dhafra region of
"We are excited for the opportunity to evaluate this hydrocarbon rich basin for potential horizontal development," said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG. "We look forward to working alongside ADNOC to expand
About EOG
EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in
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SOURCE EOG Resources, Inc.
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