The authorizing procedure speaks to a noteworthy headway in how Abu Dhabi expands an incentive from its hydrocarbon assets through the industrially focused offering, to secure the correct accomplices for the correct openings, and quicken investigation and advancement of new ad prospects. It is likewise predictable with the ADNOC Group’s way to deal with growing its key organizations over all zones of its business.
Abu Dhabi is situated in one of the world’s biggest hydrocarbon super-bowls where there stays huge unfamiliar and undeveloped potential in the various stacked repositories.
Six pieces have been declared for monetarily focused offering in this initial cycle, two of which are seaward and four are coastal.
This is uncommon open door for both existing and new accomplices to join ADNOC in opening undiscovered assets in one of the world’s biggest hydrocarbon super-bowls and a safe and stable speculation condition.
Six blocks have been announced for commercially competitive bidding in this first round, two of which are offshore and four are onshore.
Full subtle elements on the pieces including territorial geographical data and well and seismic information, in both crude and deciphered frame, will be influenced accessible in the information to bundle that can be obtained after the roadshows.
Following the offer round, the effective bidders will enter assentions that, giving characterized targets are accomplished in the investigation stage, will give them the chance to then create and deliver any disclosures with ADNOC, under terms that will be set out in the offering bundle.
The UAE is the world’s seventh biggest oil maker, with 96% of its stores inside the Emirate of Abu Dhabi. It is situated in one of the world’s biggest hydrocarbon super-bowls where there stays critical unfamiliar and undeveloped potential in the various stacked stores. In view of existing information from definite oil framework considers, seismic reviews, log documents and center examples from several examination wells, gauges propose these new squares hold different billion barrels of oil and various trillion cubic feet of petroleum gas. A portion of the pieces as of now have revelations, and inside the consolidated territory there are 310 focused on supplies from 110 prospects and leads. Notwithstanding the nation’s ordinary potential, the offered pieces likewise contain huge eccentric assets.
A global roadshow of technical and commercial information on the new blocks is scheduled.
A worldwide roadshow of specialized and business data on the new pieces will begin in Abu Dhabi on 23 April 2018 and proceed in different areas to be declared in no time.
Intrigued bidders are urged to enlist for the roadshows at the connection underneath. Enlistment of intrigue is liable to a strict prequalification process attempted by ADNOC. From that point solicitations for the roadshow will be affirmed by means of email. Accommodation of enrollment does not consequently promise you will be welcome to the chose roadshow occasion.
https://www.adnoc.ae/en/upstream-registration
Following the roadshows bidders will be welcome to affirm support through accommodation of an Expressions of Interest which will likewise empower bidders to buy a far reaching information bundle on the six pieces. The information bundle will incorporate full offering guidelines, territorial geographical data and well and seismic information, in both crude and deciphered frame.
The end date for the receipt of offers will be set for October 2018, after which ADNOC will direct the assessment of the offers, utilizing the criteria set out in the offering guidelines, and the SPC will grant the effective bidders. It is the purpose to report the primary outcomes previously the finish of 2018.