UAE: ADNOC Awards $519 Million Contract to Expand World’s Largest 3D Seismic Survey

UAE: ADNOC Awards $519 Million Contract to Expand World’s Largest 3D Seismic Survey

The expansion underscores the important role seismic surveying plays in enabling Adnoc to identify and explore new hydrocarbon resources as highlighted by the recent major discoveries of recoverable unconventional oil resources and conventional oil reserves announced by Abu Dhabi's Supreme Petroleum Council (SPC).

In addition, this mega seismic survey also supported the discovery of the conventional oil and gas reserves and the unconventional gas resources added to Adnoc's portfolio in 2019.

The contract was awarded to BGP, a subsidiary of China National Petroleum Company (CNPC), represented in the UAE by Al Masaood Oil Industry Supplies & Services Co. This new award brings the total area to be covered by the survey up to 85,000 sq km and reinforces Adnoc's commitment to unlocking the full potential of Abu Dhabi's vast hydrocarbon resources.

Fifty per cent of the award value will flow back into the UAE's economy under Adnoc's In-Country Value (ICV) programme, highlighting how Adnoc continues to prioritize ICV as it invests responsibly to deliver its 2030 strategy.

Yaser Saeed Al Mazrouei, Adnoc Upstream Executive Director, said: "This award builds on the solid progress we are making in executing the world's largest combined 3D seismic survey which is an important part of our strategy to