PETRONAS Expands In Abu Dhabi With Third Concession

PETRONAS Abu Dhabi Sdn Bhd (PETRONAS Abu Dhabi), a wholly-owned subsidiary of PETRONAS, was granted a new oil and gas exploration concession in Onshore Block 2, by the Supreme Council for Financial and Economic Affairs (SCFEA).Under the agreement, PETRONAS Abu Dhabi will hold 100 per cent equity and assume operatorship during the exploration period.Source: BERNAMA News Agency