ADNOC awards a contract worth 1.9 billion dirhams to expand the 3D scanning project


The Abu Dhabi National Oil Company (ADNOC) has announced the award of a contract worth 1.9 billion dirhams ($ 519 million) to BGB to expand the scope of the three-dimensional geophysical survey project it is currently implementing in the Emirate of Abu Dhabi, which is the largest survey project for areas Land and sea in the world.
The expansion of the scope of operations confirms the important role that the geophysical survey plays in enabling ADNOC to explore and identify new hydrocarbon resources, especially following the large discoveries of unconventional recoverable oil resources and the increase in conventional oil reserves announced by the Supreme Petroleum Council in Abu Dhabi earlier this week. . This geophysical survey also contributed to the disclosure of conventional and unconventional resources of gas and oil that were added to ADNOC’s portfolio in 2019.
The contract was awarded to the international “BGB” company specialized in geophysical surveying of the China National Petroleum Corporation “CNBC”, represented in the UAE by Al Masoud Petroleum Supplies and Services Company. This contract brings the total area covered by the survey to 85,000 square kilometers, reinforcing ADNOC’s commitment to seek to benefit from the full potential of Abu Dhabi’s rich hydrocarbon resources.
From the total value of the contract, 50% of the total value of the contract will be redirected to the local economy through the ADNOC In-Country Value Enhancement Program, reflecting ADNOC’s continuing to prioritize enhancing in-country value as it implements its 2030 integrated strategy for smart growth.
This contract increases the scope of extensive and continuous geophysical surveys to include coastal areas, islands and shallow waters. The survey will be carried out using modern, cable-free technologies and a wide range of environmentally friendly technologies and equipment.
“The awarding of this contract reflects the continuous progress that ADNOC is making in implementing this three-dimensional geophysical survey, which is the largest in the world and forms an important part of our strategy to accelerate the exploration and development of Abu Dhabi’s hydrocarbon resources,” said Yasser Saeed Al Mazrouei, CEO of ADNOC’s Exploration, Development and Production. . This achievement also confirms ADNOC’s commitment and constant focus on achieving maximum value from Abu Dhabi’s conventional and non-conventional oil and gas resources to maintain the UAE’s position as a reliable provider of stable and secure energy supplies in the long term.
He added: “This contract was awarded after a rigorous and competitive bidding process, which included redirecting a large proportion of the value of this contract to the local economy and supporting local private sector companies, in line with the directives of the wise leadership and ADNOC’s commitment to enhancing value for the UAE and its people.”
The geophysical survey project uses pioneering technologies to provide intense data and capture high-resolution 3D images of complex geological structures deep below the Earth’s surface, helping to identify potential hydrocarbon reservoirs. This data, which is analyzed in ADNOC’s Thumama Center for the Study of Petroleum Reserves, benefits all the winning exploration companies in the first round of competitive bidding they launched in Abu Dhabi as part of their strategy to issue licenses for new areas for exploration, development and production of oil and gas. The survey data will also be provided against a fee to the winning companies in the second round, whose results will be announced this year, following the approval of the Supreme Petroleum Council to start awarding new areas within this round.
In July 2018, ADNOC awarded the first set of geophysical survey contracts, which achieved progress of about 60% in implementing the works stipulated in these contracts, which include land and sea areas. Survey work, including the new coastal areas that have been added, will be completed in 2024 according to the approved schedule.
Earlier this week, the Supreme Petroleum Council in Abu Dhabi announced new discoveries of unconventional oil resources that can be recovered in land areas estimated at 22 billion barrels of oil, in addition to an increase in conventional oil reserves by two billion barrels of oil in the Emirate of Abu Dhabi. These conventional oil reserves announced by the Council contribute to increasing the UAE’s reserves of conventional oil resources to 107 billion barrels of recoverable oil.


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