UAE: Oil & Gas BGP Wins Adnoc Contracts for World’s Largest Seismic Survey
In line with the country’s 2030 smart growth strategy, contracts worth 1.6 billion dollars have been assigned to realise the full potential of Abu Dhabi’s conventional and unconventional oil and gas resources.
Abu Dhabi/UAE – The Abu Dhabi National Oil Company (Adnoc) has recently awarded contracts worth 1.6 billion dollars for the world’s largest continuous 3D onshore and offshore seismic survey. The survey will cover an area of up to 53,000 sq km, as the company continues to identify and unlock new opportunities as well as maximise value from its hydrocarbon resources and deliver on its 2030 smart growth strategy.
Adding to the 2D and 3D seismic data already acquired across Abu Dhabi, the new seismic survey will cover an area of up to 30,000 sq km offshore and 23,000 sq km onshore. The contract has been awarded by Adnoc to BGP, a subsidiary of China National Petroleum Company (CNPC), who is represented in the UAE by Al Masaood Oil Industry Supplies & Services Co.
The agreement was signed by Abdulmunim Al Kindy, Adnoc’s Upstream Director; and Gou Liang, President of BGP. The signing was witnessed by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO, and His Excellency Wang Yilin, Chairman of CNPC.
Deploying industry-leading technologies to provide survey data density up to five times that of existing industry standards, the acquisition will capture high resolution three-dimensional images of the complex subsurface structure, up to 25,000 feet below the surface. The use of advanced technologies and methodologies will improve efficiency and reduce operational time, maximising value for Adnoc. It will also minimise HSE risks and help mitigate against the impact on marine life, or other users of Abu Dhabi waters.
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.
Adnoc recently announced Abu Dhabi’s first ever block licensing strategy with the launch of six geographical oil and gas blocks open for bidding, and the seismic project will include areas within these blocks with the data made available at a fee to the successful bidders.
Using the resources of Adnoc’s state-of-the-art Thamama Subsurface Collaboration Centre, the seismic data, from the survey results, will be interpreted by geoscientists and used to characterise and model potential hydrocarbon reservoirs, helping Adnoc identify untapped reservoirs and identify future oil and gas development and production opportunities in the most efficient way possible.
The UAE is one of the world’s largest oil and gas producers, with about 96 % of its reserves within the emirate of Abu Dhabi. Located in one of the world’s largest hydrocarbon super-basins, there remains undiscovered and undeveloped potential in the numerous stacked reservoirs.