ADNOC awards Abu Dhabi Onshore Block 3 rights to Occidental Petroleum
US oil and gas company Occidental Petroleum has been granted exploration rights to Abu Dhabi’s Onshore Block 3 from the Abu Dhabi National Oil Company (ADNOC) for a participation fee of AED893 million ($244 million). The concession agreement signed by the two parties will be valid for 35 years. Onshore Block 3 is an onshore […]