Supreme Petroleum Council (SPC)

Oxy has won Block 5 in Adnoc's second bid round close to Oman, following the US company's win of a first block in 2019.

E&P

Oxy wins Abu Dhabi onshore block

09/12/2020

Occidental Petroleum has won the exploration rights to Abu Dhabi Onshore Block 5, Adnoc has reported.

The SPC has congratulated Adnoc on discovering 22 billion barrels of unconventional oil, while approving capex plans of $24.4bn per year.

Unconventionals

Adnoc makes 22bn barrel unconventional find

22/11/2020

Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council (SPC) has said.