ABU Dhabi National Oil Company (Adnoc) has announced three onshore oil discoveries in Abu Dhabi that include a significant oil find at Bu Hasa, its largest producing onshore oilfield. The emirati state-owned giant has made oil finds at Bu Hasa, Onshore Block 3 and the Al Dhafra Petroleum Concession, with the trio expected to together unlock up to 650 million barrels of oil reserves. The fresh discoveries were unveiled during a meeting of Adnoc's executive committee, which was chaired by Khaled bin Mohamed bin Zayed Al Nahyan. The most promising find was at the Bu Hasa, a part of the Adnoc onshore concession and the emirate's biggest onshore field with a crude production capacity of 650,000 barrels per day. "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," the company said. At Onshore Block 3, operated by Occidental of the US, about 100 million barrels of oil in place was discovered, marking the second oil find in this concession, Adnoc noted. Occidental was awarded the exploration rights for Onshore Block 3 in 2019.
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