PETRONAS secures third O&G concession in Abu Dhabi

KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) wholly owned unit, Petronas Abu Dhabi Sdn Bhd, has been 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.