ADNOC Awards Contracts for World’s Largest 3D Seismic Survey
The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth EUR 1.4 billion for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000km2, as the company continues to identify and unlock new opportunities and maximise 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 30,000km2 offshore and 23,000km2 onshore. The contract has been awarded by ADNOC to BGP Inc., a subsidiary of China National Petroleum Company (CNPC), who are represented in the UAE by Al Masaood Oil Industry Supplies & Services Co. The agreement was signed on the eve of a State Visit to the UAE by China’s President Xi Jinping, by Abdulmunim Al Kindy, ADNOC’s Upstream Director, and Gou Liang, President of BGP. The signing was witnessed by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, and His Excellency Wang Yilin, Chairman of CNPC.
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 7,600m below the surface. The use of advanced technologies and methodologies will improve efficiency and reduce operational time, maximising value for ADNOC. It will also minimise HSE risks and help mitigate against the impact on marine life, or other users of Abu Dhabi waters. ADNOC recently announced Abu Dhabi’s first ever block licensing strategy with the launch of six geographical oil and gas blocks open for bidding, and the seismic project will include areas within these blocks with the data made available at a fee to the successful bidders. The survey is scheduled to be completed by 2024.