Malaysia’s Petronas and United Arab Emirates-based Abu Dhabi National Oil Company (ADNOC) are exploring opportunities to collaborate in the exploration, development and production of Abu Dhabi’s resources.
The scope of the partnership under an MoU extends into potential R&D, as well as applied technology cooperation in enhanced hydrocarbon recovery, carbon capture, utilisation and storage, gas sustainability, specialty chemicals, unconventional resources and hydrogen technologies.
In the downstream sector, Petronas and ADNOC will explore cooperation in trading, including the supply of crude and feedstock and the offtake of refined products. Another potential area of cooperation is fuel bunkering and in supporting LNG bunkering vessels at ports in the UAE and regionally, said Petronas.
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