Oil and gas firm Eni announced its second significant gas discovery of 1~1.5Tn cubic feet (tcf) of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 Abu Dhabi, United Arab Emirates
This discovery follows the initial finding in February 2022 from a shallower zone of the same well, aggregating to 2.5~3.5 tcf of gas in place.
In a public statement, Eni reported gas-bearing reservoirs were tested with “excellent flow rates, and fast-track development options are currently under evaluation.”
Eni has a 70% stake and serves as operator of Block 2, with partner PTT Exploration and Production (PTTEP) holding the remaining 30% interest. A consortium led by Eni and PTTEP was awarded the exploration rights for Offshore Block 2 in 2019 as part of ADNOC’s debut competitive block bid round.
ADNOC Upstream executive director Yaser Saeed Almazrouei said, “This discovery further highlights how ADNOC’s accelerated exploration and development programme is identifying untapped hydrocarbon resources, creating long-term value for the UAE. We are particularly pleased to see Eni and PTTEP pursuing deeper zones, which has demonstrated additional potential resources in place.”
Eni has been present in Abu Dhabi since 2018 and serves as operator of three exploration concessions and has a participation with ADNOC in three offshore development and production concessions, Lower Zakum (5%), Umm Shaif and Nasr (10%) and Ghasha (25%).
Last week, Eni-led consortium New Gas Consortium reached a final investment decision for Angola’s Quiluma and Maboqueiro gas project. Project execution will start 2022 with first gas planned 2026.
