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ADNOC announces three new oil discoveries

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Abu Dhabi, May 19, 2022 (WAM) – Abu Dhabi National Oil Company (Adnoc) on Thursday announced three oil discoveries that will add more than 650 million barrels of oil to the country’s hydrocarbon reserves.In a statement, the Abu Dhabi-based group said the 500 million barrels of oil were discovered at Bu Hasa, Abu Dhabi’s biggest onshore field, with a crude oil production capacity of 650,000 barrels per day (bpd). The second oil find was in Abu Dhabi’s Onshore Block 3, operated by Occidental, with around 100 million barrels of oil in place.“In the third discovery, around 50 million barrels of light and sweet Murban-quality crude were found in Al Dhafra Petroleum Concession,” according to the Adnoc statement.

Adnoc produces almost all of the UAE’s oil and is spending billions of dollars on multiple development projects as it aims to expand its crude output capacity to five million barrels per day (bpd) by 2030, up from the existing four million bpd.

Energy analysts and market experts said these additional reserves will be ‘a sizeable boost’ to the UAE’s hydrocarbon reserves base standing well above 111 billion barrels of oil and 289 trillion standard cf of natural gas.

Earlier this year, Adnoc had announced a sizeable gas discovery in the Offshore Block 2 exploration concession operated by Italy’s Eni. Adnoc had said that the interim results from the block’s first exploration well indicated between 1.5 trillion and 2 trillion cubic feet of raw gas in place in multiple good quality reservoirs of the Jurassic exploration targets.

In December last, there was confirmation of a discovery of up to one billion barrels of oil equivalent (BBOE) at Onshore Block 4 Exploration Concession, which is operated by the Japanese combine INPEX/JODCO (Japan Oil Development Company). The oil discoveries were disclosed at the Adnoc board of directors meeting chaired by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office.

During the meeting, held at Adnoc headquarters in Abu Dhabi, Sheikh Khaled reviewed Adnoc’s performance and strategic targets and commended the company’s expanded approach to strategic partnerships, which have helped lead to new discoveries of oil, including a new find at Bu Hasa, Abu Dhabi’s biggest onshore field with a crude oil production capacity of 650,000 barrels per day (mbpd).

“The 500 million barrels of oil discovered from an exploration well in the Bu Hasa field has unlocked a new formation within the field, offering substantial additional premium-grade Murban oil resources. Bu Hasa is part of the Adnoc Onshore Concession and is operated by Adnoc Onshore,” according to the statement issued by Adnoc.

In Abu Dhabi’s Onshore Block 3, operated by Occidental, around 100 million barrels of oil in place were discovered, marking the second oil find in this concession. Occidental was awarded the exploration rights for Onshore Block 3 in early 2019.

“Around 50 million barrels of light and sweet Murban-quality crude was also discovered in the Al Dhafra Petroleum Concession, operated by Al Dhafra Petroleum, a joint venture between Adnoc, the Korea National Oil Company (KNOC) and GS Energy,” the statement said.

Announcements

UAE’s HR excellence in spotlight as merit-based Employee Happiness Awards begins nominations

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Employee Happiness Awards is set to shine a spotlight on ongoing transformations across the human resources (HR) landscape, especially in the context of employee experience and wellness. The brainchild of Plan3Media, a leading event management company known for championing a merit-based awards culture in the region, Employee Happiness Awards is open to nominations in 27 distinctive categories.

In the previous edition held in June 2023, the Employee Happiness Awards received several nominations, some of whom were selected as finalists and gave compelling presentations to an independent jury. The winners and participants were leading companies and HR individuals from industries as diverse as retail, real estate, healthcare, education, and finance. Abu Dhabi Police GHQ, Nakheel, ADNH Compass, Marriott International, Babyshop, Cigna Healthcare, Du, DAMAC Properties, Rove Hotels, Alef Education, Masafi, and Pinsent Masons were among the big winners. Inspired by the overwhelming response to that edition, Plan3Media has added more categories and planned an eventful agenda for the upcoming gala ceremony in Dubai.

CEO of Plan3Media, Jatin Deepchandani, attributed the success of Employee Happiness Awards to its relentless focus on upholding transparency and integrity through a merit-only approach. “As corporate awards increasingly became self-congratulatory exercises, we seized the opportunity to set ourselves apart by instilling a culture of meritocracy. Our relentless efforts to make the Employee Happiness Awards synonymous with HR excellence are now yielding tangible results, distinguishing our accolades from the rest.” In line with Jatin’s words, the Employee Happiness Awards is validated by a reputable global accreditation programme called Awards TrustMark.

Employee Happiness Awards has a rigorous and systematic nomination process. Nominees are expected to initially submit an online form with basic information, category selection, and a write-up about their competencies. Finalists are invited to make a 20-minute presentation to an independent jury, which will evaluate the performance against a few metrics before selecting deserving winners. Plan3Media has set a nomination limit of three categories per company. There are 22 well-defined categories for companies and 5 for individuals.

Over 200 CHROs, HR professionals, government officials, and startup founders are expected to participate in the black-tie gala awards ceremony, scheduled for Friday, June 7, 2024, where Gold and Silver winners will be announced in each category. Finalists and winners of the Employee Happiness Awards will receive a trophy showcasing their competencies in HR strategies and employee experience. Recognized companies will understandably excel at talent attraction and retention.

Nominations for Employee Happiness Awards – UAE, 2024, close on April 5, 2024.

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UAE braces for heavy rain, thunderstorms across the Emirates this weekend

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The weather will be extremely unstable from Friday evening to Sunday noon with varying amounts of rain, lightning, thunder, and occasional hailstorms.The Ministry of Interior and the National Emergency, Crisis and Disaster Management Authority (NCEMA) have called on the public to exercise caution and abide by safety requirements.

People are advised to avoid valleys, mountains and areas prone to flooding. Legal action will be taken against those who break the rules or put themselves or others in danger.Authorities added that roads leading to wadis and mountains will be closed until the weather conditions improve, while the decision to shift to remote learning is up to the emergency and crisis management teams in the affected emirates.

In order to review the readiness levels of various entities, a series of meetings were held by the Joint Assessment Team for Weather and Tropical Situations, headed by the NCEMA.

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Ian Bell to play for Meteora England Champions in World Champions League

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Meteora Developers, a trailblazing force in the business sector, has officially announced its acquisition of the esteemed England Champions cricket team, in partnership with Bollywood icon Jacqueline Fernandez. This strategic move positions the England Champions to enter the prestigious World Championships of Legends (WCL), signaling a historic convergence of cricketing legends and global fan engagement.

The announcement unfolded amidst a glitzy ceremony at Taj Downtown, Dubai, attended by former England captain, Ian Bell and other names from the sporting world

Meteora Developers’ founder and CEO, Mr. Praveen Sharma, expressed enthusiasm about the association with WCL and the ambitious goals for the England Champions. “Our entry into the World Championships of Legends is a pivotal moment for us. With cricketing greats like Ian Bell on our team, we’re poised to build a legacy that will captivate and inspire English fans globally. This is just the start of a thrilling journey,” Sharma asserted, hinting at a promising future for the franchise.

Cricket star Ian Bell, an integral part of the England Champions, underlined the significance of this venture for players and the sport. “Being part of the England Champions under the WCL is an extraordinary opportunity. The league’s innovative approach and the chance to play in England make this a truly exciting prospect. I’m eager to contribute to our team’s success and make our fans proud,” Bell commented, emphasising the players’ enthusiasm and commitment.

Harshit Tomar, CEO of WCL, delivered an impassioned overview of the league’s vision, emphasizing its commitment to redefine the global cricket landscape. Tomar warmly welcomed Meteora Developers and the England Champions into the WCL family, expressing high expectations for the collaboration. “This partnership promises to bring innovation and excitement to cricket, setting new benchmarks for excellence,” Tomar remarked.

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