{"id":96246,"date":"2024-09-27T00:00:00","date_gmt":"2024-09-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/abu-dhabi-awards-exploration-concession-to-malaysian-energy-outfit-in-al-dhafra\/"},"modified":"2024-09-27T00:00:00","modified_gmt":"2024-09-27T00:00:00","slug":"abu-dhabi-awards-exploration-concession-to-malaysian-energy-outfit-in-al-dhafra","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/27\/abu-dhabi-awards-exploration-concession-to-malaysian-energy-outfit-in-al-dhafra\/","title":{"rendered":"Abu Dhabi awards exploration concession to Malaysian energy outfit in Al Dhafra"},"content":{"rendered":"

Abu Dhabi\u2019s Supreme Council for Financial and Economic Affairs (SCFEA) <\/strong>awarded another oil and gas exploration concession in Al Dhafra to Malaysia\u2019s state-owned oil and gas firm <\/strong>Petronas<\/a><\/strong>, according to the Abu Dhabi Media Office<\/a>. The agreement grants Petronas 100% exploration rights in the region\u2019s Onshore Block 2, covering over 7.3k sqkm. <\/p>\n

Background: <\/strong>Petronas was awarded its first Abu Dhabi concession from Adnoc in December 2022<\/a>, focusing on exploring unconventional oil resources in Al Dhafra. Over in Malaysia, the two companies recently inked<\/a> another agreement \u2014 alongside UK-based Storegga \u2014 to assess the feasibility of CO2 storage in saline aquifers and developing carbon capture and storage facilities in the Penyu Basin in Malaysia.<\/p>\n

REMEMBER- This is the second concession awarded by Abu Dhabi this month: <\/strong>Earlier this month<\/a>, SCFEA awarded a production concession in Al Ruwais to Urja Bharat (UBPL), a special purpose joint venture vehicle comprising India's Indian Oil Corporation and Bharat Petroleum Corporation. <\/p>\n

The emirate has handed out a total of 11 blocks to international partners<\/strong> following successful exploration concession bid rounds in 2018 and 2019, according to the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

The concession grants Malaysia\u2019s Petronas full rights to explore within a 7.3k sq km area in Al Dhafra<\/p>\n","protected":false},"author":1,"featured_media":96247,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1604],"tags":[1360,57,143,7,266],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-abu-dhabi","tag-adnoc","tag-energy","tag-enterpriseam-uae","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"1aff46e6-52da-4746-a739-e05f2036ae6d","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/889.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abu Dhabi awards exploration concession to Malaysian energy outfit in Al Dhafra","related_issue":[96239],"teaser":"The concession grants Malaysia\u2019s Petronas full rights to explore within a 7.3k sq km area in Al Dhafra","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.15fc5994-9bd0-4582-887d-1e68cce8841d.mp3"},"yoast_head":"\nAbu Dhabi awards exploration concession to Malaysian energy outfit in Al Dhafra - 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