October 03, 2024 [Storage Terminals Magazine]- PETRONAS Abu Dhabi Sdn Bhd, a subsidiary of PETRONAS, has been awarded a new oil and gas exploration concession for Onshore Block 2 by the Supreme Council for Financial and Economic Affairs. The block, located in the Al Dhafra region of Abu Dhabi, spans over 7,300 square kilometres and marks the company’s third concession in the area, following Unconventional Block 1 in 2022 and unconventional block 5 in 2024.

Under the agreement, PETRONAS Abu Dhabi will hold 100 percent equity and serve as operator during the exploration period. This new concession expands the company’s upstream portfolio in Abu Dhabi, encompassing both conventional and unconventional resources.

Mohd Jukris Abdul Wahab, executive vice president and CEO of PETRONAS Upstream, expressed excitement about the venture, thanking SCFEA for their trust and collaboration. He emphasised that this project aligns with PETRONAS’ strategy for exploration growth and its commitment to achieving net-zero targets, pledging a sustainable approach to operations.

PETRONAS continues to balance domestic responsibilities with international opportunities, ensuring a robust business presence in the evolving global energy landscape.

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