Petronas Abu Dhabi Sdn Bhd was granted a new oil and gas exploration concession within the Al Dhafra region of Abu Dhabi by the Supreme Council for Financial and Economic Affairs (SCFEA).
Onshore Block 2 covers an area of over 7,300 sq km. It is Petronas Abu Dhabi’s third concession following Unconventional Block 5 in 2024 and Unconventional Block 1 in 2022.
The concession expands Petronas’ upstream portfolio in Abu Dhabi, “incorporating both unconventional and conventional resources, offering potential for exploration growth,” said Petronas executive vice-president and chief executive officer of upstream, Mohd Jukris Abdul Wahab.
Under the agreement, Petronas Abu Dhabi will be operator of the block during the exploration period and hold 100% equity.
