PETRONAS Abu Dhabi Sdn Bhd (PETRONAS Abu Dhabi), a wholly-owned subsidiary of PETRONAS, has been awarded a new oil and gas exploration concession in Onshore Block 2 by the Supreme Council for Financial and Economic Affairs (SCFEA) of Abu Dhabi.
Under the agreement, PETRONAS Abu Dhabi will hold 100% equity and assume full operatorship during the exploration phase.
Onshore Block 2, situated in the Al Dhafra region of Abu Dhabi, spans an area of over 7,300 square kilometers. This marks PETRONAS Abu Dhabi’s third concession in the region, following the Unconventional Block 5 awarded in 2024 and Unconventional Block 1 granted in 2022.
“We are thrilled to embark on this new venture and deeply appreciate SCFEA’s trust and collaboration. This opportunity enhances PETRONAS Upstream’s portfolio in Abu Dhabi, combining both unconventional and conventional resources, and opens new avenues for exploration growth,” said Mohd Jukris Abdul Wahab, Executive Vice President and CEO of PETRONAS Upstream.
Aligned with PETRONAS’ net-zero aspirations, PETRONAS Abu Dhabi remains committed to pursuing sustainable operations throughout its exploration activities.
As a globally recognized national oil company, PETRONAS continues to balance its domestic responsibilities while capitalizing on international opportunities, maintaining a strong business portfolio amid the rapidly changing energy sector.