Eni, ADNOC hold talks on global gas supplies
Eni's group CEO Claudio Descalzi has held talks with ADNOC's managing director to contemplate the Italian major's activities in Abu Dhabi and explore collaborative opportunities to bolster global gas supplies, Eni said September 12.
Descalzi met with ADNOC's Sultan Ahmed Al Jaber, UAE's minister of industry and advanced technology, to discuss UAE-related operational progress including work on the multi-billion dollar Ghasha offshore sour gas development.
It comes after Eni and ADNOC entered into a strategic framework agreement in early 2020, covering strategic partnerships across the oil and gas value chain.
Descalzi also provided Al Jaber with an overview of Eni's progress at Abu Dhabi offshore Block 2, where it has made two discoveries with a single well estimated to contain a total of 2.5 - 3.5 trillion ft3 of in-place gas.
ADNOC announced contract awards worth $2.7bn for field services at Ghasha's production concession on July 27. First gas is anticipated 2025 at Ghasha, which also encompasses the Hail sour gas development, and by 2030 should peak at above 1.5bn ft3/d average output.
Descalzi and Al Jaber also talked over the energy transition including a potential project to initiate carbon capture usage and storage, as well as renewable energy investments and other carbon offset initiatives.
Eni's Abu Dhabi portfolio includes 70% equity interest in Block 1,2 and 3 - all situated offshore Abu Dhabi and currently progressing through exploration drilling. At Ghasha, Eni holds a 25% equity interest while at the production-stage Lower Zakum and Umm Shaif/Nasr projects it has 5% and 10% respectively.