Adnoc awards $490m contract to expand mega 3D seismic survey
ABU DHABI, 5 hours, 43 minutes ago
Abu Dhabi National Oil Company (Adnoc) announced today (November 6) a contract award worth $490 million to BGP, a subsidiary of China National Petroleum Company (CNPC) to expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey currently underway in Abu Dhabi.
The contract will focus on identifying additional oil and gas resources in Adnoc’s producing onshore fields.
Under this deal, Adnoc and BGP will leverage advanced artificial intelligence (AI) tools to accelerate interpretation of the seismic data, maximize resource recovery and the use of existing infrastructure in producing fields to enhance efficiencies.
Over 70% of the award value will flow back into the UAE’s economy under Adnoc’s In-Country Value (ICV) program, highlighting Adnoc’s commitment to supporting local economic and industrial growth as it strengthens its position as a reliable and responsible global energy provider.
Abdulmunim Saif Al Kindy, Adnoc Upstream Executive Director, said: "Adnoc continues to capitalize on industry-leading technologies to maximize value creation and responsibly meet growing demand for energy."
"Our investment in the world’s largest 3D Mega Seismic Survey emphasizes the role advanced technologies play in our operations, as we continue to realize the full potential of our oil and gas resources to ensure the UAE remains a long-term and reliable energy provider to the world," he stated.
The 3D Mega Seismic Survey project was initiated by Adnoc in late 2018 and marked the start of the world’s largest continuous seismic survey, covering 85,000 sq km across onshore and offshore areas in the emirate.
The project is designed to provide high-resolution and high-fold 3D seismic data, offering a comprehensive understanding of the region’s complex geological structures.-TradeArabia News Service
