Eni has encountered gas shows in its first exploration well, XF-002, currently drilling in offshore Block 2, northwest of Abu Dhabi, in 115 ft water depth. The interim well results indicate a range of 1.5–2.0 Tcf of raw gas in place in multiple good-quality reservoirs of the Jurassic exploration targets. The drilling operations will continue targeting the deeper exploration targets of the Khuff and Pre-Khuff formations.
Eni has a 70% stake and operates offshore Block 2, which was awarded in January 2019 as a result of the first-ever competitive bid round for exploration blocks launched by ADNOC. PTTEP holds the remaining 30%.
Eni has been present in Abu Dhabi since 2018. The company is the operator of three exploration licenses and has a participation with ADNOC in three offshore development and production concessions: Lower Zakum (5%), Umm Shaif and Nasr (10%), and Ghasha (25%).