Arab Today, arab today adnoc signs technical evaluation agreement
Last Updated : GMT 02:24:05
Arab Today, arab today
Arab Today, arab today

Adnoc signs technical evaluation agreement

Arab Today, arab today

Arab Today, arab today Adnoc signs technical evaluation agreement

Abu Dhabi - Agencies

The Abu Dhabi National Oil Company (Adnoc), Wintershall Middle East GmbH- Abu Dhabi (Wintershall) and OMV Abu Dhabi E&P GmbH (OMV) have signed a Technical Evaluation Agreement on Thursday. The agreement aimed at appraising the sour gas and condensate field in Shuwaihat, located some 25 km to the West of Ruwais in the Western Region of Abu Dhabi. In a press statement Adnoc said that the operator Wintershall will conduct the appraisal phase with OMV as an equal partner by drilling up to three appraisal wells and acquiring 3D- seismic over the field. In the case of a successful appraisal campaign, ADNOC will participate in the development and production pages of the Shuwaihat field. To optimize the appraisal and a future development of the Shuwaihat sour gas and condensate field, Wintershall and OMV will employ advanced technologies of the highest standards. Both companies have a proven track record in Germany and Austria of more than forty years of safe development and production of sour gas (H2S and CO2) and oil fields. A successful appraisal campaign will result in Shuwaihat being an important development of a gas and condensate field in the Western region of Abu Dhabi, contributing to cover the increasing hydrocarbon demand of the UAE and the country’s long-term export capability. OMV has opened an E&P office in Abu Dhabi in 2007. This office serves for screening business opportunities and the coordination of existing activities in the Middle East region. Wintershall Holding is a wholly-owned subsidiary of BASF SE. The company has been active in the exploration and production of crude oil and natural gas for over 80 years. The ADNOC Group is committed to setting an example by always operating in a socially conscious and environmentally sustainable manner. From gulftoday

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