Italy’s Eni and Thai state-firm PTTEP remain committed to drilling a second exploration well offshore Abu Dhabi this year despite both firms sharply reducing capex in light of the oil price collapse.
PTTEP says that it is currently evaluating the Abu Dhabi Offshore 2 block “for petroleum potential” in preparation for drilling an exploration well in Q3. The partners have already drilled one exploration well last year, having only been awarded the block in January 2019 alongside Offshore 1 (MEES, 15 November 2019). PTTEP says that Offshore 1 is currently “being evaluated for petroleum potential for future exploration.” (CONTINUED - 93 WORDS)