Adnoc reveals oil discoveries in Block 4 concession – The National

Adnoc reveals oil discoveries in Block 4 concession – The National

Adnoc has discovered significant conventional oil, condensate and gas resources of up to 1 billion barrels of oil equivalent from an exploration well in Abu Dhabi’s onshore Block 4 concession.

The block is operated by Japan's Inpex Corporation and the discovery includes substantial Murban oil resources, Adnoc said in a statement on Tuesday on its LinkedIn page. The discovery is the first from the concession area.

“The next step is to appraise and further quantify these resources, as well as to explore the promising potential in and around onshore Block 4,” it said.