ADNOC

By racking up exploration agreements in the United Arab Emirates, Oman, and Bahrain, Eni took a big step forward in its pledge to tap into the Middle East’s vast swaths of highly prospective oil and gas acreage.

The blockchain-based automated system pilot is expected to integrate oil and gas production, providing a platform for the tracking, validating, and execution of transactions at every stage of the project life cycle.

The agreement calls for the two companies to partner on techno-economic feasibility studies and jointly assess investment opportunities across the LNG value chain.

The French major will become operator of the Ruwais Diyab concession, and ADNOC says additional companies are lining up to partner on the emirate’s other unconventional areas.

The Abu Dhabi government approved a $132.3-billion capital expenditure increase that will fund, among other things, a plan that could enable the country to sustain LNG production through 2040.

The union marks the first time an international company has taken a direct equity stake in one of ADNOC’s service companies. BHGE will expand its presence in UAE, while ADNOC will gain access to BHGE technological expertise and proprietary equipment.

At the 2018 SPE International Conference and Exhibition on Health, Safety, Security, Environment, and Social Responsibility, Abdulla Al Marzooqi, manager of ADNOC’s Group HSE Unit and conference chairman, spoke with reporter Eithne Treanor. Watch the interview here.

Abdulmunim Al Kindy, upstream director at the Abu Dhabi National Oil Company, delivered the keynote address at SPE’s international HSE conference in Abu Dhabi, saying that fundamental changes in work practices mean that effective HSE protection measures must remain at the center of operations.

Abu Dhabi will conduct its first-ever competitive tender for international partners to explore and develop oil and gas blocks onshore and offshore.

Abdulla Al Marzooqi, manager of health, safety, and environment for the Abu Dhabi National Oil Company, is the conference chair for the 2018 SPE International Conference and Exhibition on Health, Safety, Security, Environment, and Social Responsibility.