The PSC includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with Petronas’ existing operations in Suriname.
One concession was awarded to ADNOC and Japan’s JODCO Exploration, a subsidiary of INPEX, for Onshore Block 4, located north of Abu Dhabi City. JODCO will hold a 40% stake, and ADNOC will retain 60%. Drilling campaigns carried out on the block since 2021 have discovered multiple oil and gas reservoirs.