OMV, ADNOC and Occidental Join Forces Off Abu Dhabi

The Abu Dhabi National Oil Company (ADNOC), OMV, and Occidental Petroleum have signed a contract over several undeveloped oil and gas fields in North-West Offshore Abu Dhabi including the Ghasha and Hail areas.

An agreement was reached for conducting a four-year seismic, drilling and engineering work program for exploration, appraisal and potential field developments.

OMV and Occidental will also contribute with seconded personnel and technical expertise for the evaluation activities.

OMV CEO, Rainer Seele said: “We are pleased to expand our cooperation with ADNOC, together with Occidental, through the appraisal of a number of undeveloped fields which are of strategic importance to ADNOC. This cooperation will further strengthen our already excellent partnership with ADNOC.”

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