Abu Dhabi National Oil Company (ADNOC) has awarded a major survey contract worth AED5.88bn ($1.6bn) to BGP, a subsidiary of China National Petroleum Company (CNPC).
ADNOC claims the survey contract is the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 sq km, as the company continues to identify and unlock new opportunities and maximise value from its hydrocarbon resources and deliver on its 2030 smart growth strategy.
“The scale of the project shows ADNOC’s commitment to upstream investment and to bolstering our oil and gas reserves and production for the long-term. The award, following a highly competitive bid process, also represents another key milestone in ADNOC’s thriving partnership with CNPC, and the UAE’s strategic energy partnership with China,” said Dr Sultan Ahmed Al Jaber, ADNOC group CEO.
CNPC will be using seismic streaming vessels and ocean bottom nodes to acquire data in Abu Dhabi waters, and vibrator trucks to survey the onshore desert areas. The survey is scheduled to be completed by 2024.
“We are delighted to be awarded this hugely important contract to conduct the world’s largest onshore and offshore seismic survey. ADNOC has embarked on an ambitious project to explore and unlock hydrocarbon reserves and BGP is best placed to bring industry leading technology to Abu Dhabi to support this program. This agreement also strengthens our growing and successful relationship with ADNOC, creating a platform for further energy collaboration between us,” said Wang Yilin, chairman of CNPC.