The Indian government also plans to fund the drilling of a few exploratory wells in the region.
offshore exploration
Latest in offshore exploration
ADNOC
ADNOC Drilling to acquire two offshore jack-up drilling units for $200 million
The latest rig purchase adds to earlier deals for a total of nine rigs signed in 2022 and four rigs acquired in 2021
Abu Dhabi
ADNOC awards $1.53 billion contract to ADNOC Drilling for expansion of offshore operations
The two-year contract covers the provision of 12 jack-up rigs and two island rigs and the associated integrated drilling services
Dr. Bakheet Al Katheeri
UAE’s Mubadala Petroleum inks deal over Indonesian gas assets
Mubadala Petroleum signs agreement for Premier Oil to secure a 20% participating interest in two offshore gas blocks
Abu Dhabi
ADNOC awards oil, gas exploration deals to Italian, Thai firms
Eni, PTT Exploration and Production Public Company Limited to invest $230m in two Abu Dhabi offshore blocks
Dana Gas
Dana Gas receives additional $44m payment from Egypt
Total payments from Egypt $88m in Q4 and $199m year to date
Dr. Al Katheeri
Mubadala Petroleum completes acquisition of 20% stake in Eni’s Nour Concession
Other partners in the concession are BP with 25 percent interest and Tharwa Petroleum Company with 15 percent interest