MOSCOW: The Supreme Council for Financial and Economic Affairs of the Emirate of Abu Dhabi has agreed to grant Malaysia’s state oil company Petroliam Nasional Malaysia (Petronas) an exploration licence in the Al Dhafra region in the west of the emirate, reported Sputnik quoting the Abu Dhabi Media Office.
“The Supreme Council for Financial and Economic Affairs (SCFEA) has granted a new oil and gas exploration concession in Onshore Block 2, located within the Al Dhafra region of Abu Dhabi, to Petroliam Nasional Berhad (Petronas), the Malaysian national oil and gas company,” the agency said in a statement on Thursday.
This licence is the third “exploration concession awarded to Petronas,” the statement added. The area of Onshore Block 2 is 7,320 square kilometres. Advanced technologies and artificial intelligence solutions will be reportedly used in the exploration, the statement read. – BERNAMA-SPUTNIK
