Through the Waset gas development project, Adnoc aims to produce up to 180 million cubic feet of gas a day from the field in Abu Dhabi’s offshore Block 2
Contractors have submitted commercial bids to Abu Dhabi National Oil Company (Adnoc) for a major project to develop the Waset offshore gas field, located in Abu Dhabi’s offshore Block 2.
The Waset gas development project involves engineering, procurement and construction (EPC) of both offshore and onshore facilities.
The offshore EPC scope includes an offshore jacket, a nine-slot unmanned wellhead platform, over 80 kilometres of subsea pipelines, subsea cables and associated facilities.
Onshore works involve the EPC of new processing facilities on Arzanah Island. The project will leverage Adnoc’s existing infrastructure at Arzanah Island, which also serves as the operating base for its under-construction Dalma gas project.
Adnoc issued the main EPC tender for the Waset gas development project last year. Contractors submitted technical bids for the project by 15 January this year, while commercial bids were submitted on 5 June, sources told MEED.
Adnoc is targeting first gas production from the Waset field by 2027, with an expected output of approximately 180 million cubic feet a day.
Based on the production concession agreement awarded by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA) in June 2025, Adnoc is the majority stakeholder in Block 2, with a 60% interest. Italian energy producer Eni and Thailand’s state-owned PTT Exploration & Production Public Company (PTTEP) hold 28% and 12% participating interests, respectively.
Block 2, located about 30km offshore Abu Dhabi city, covers approximately 4,033 sq km in water depths of around 30 metres.
Offshore Block 2 is located to the west of the Ghasha field in Gulf waters, “focusing primarily on conventional gas resources”. Adnoc awarded full exploration rights for Offshore Block 2, along with Offshore Block 1, to the consortium of Eni and PTTEP in January 2019, as part of Abu Dhabi’s first-ever upstream licensing round.
The Eni/PTTEP consortium announced two gas discoveries in Offshore Block 2 in 2022. The first discovery, announced in February of that year, was estimated to hold between 1.5 and 2 trillion cubic feet of gas resources. A second discovery of 1 to 1.5 trillion cubic feet of gas was announced in July, taking the total gas resources found in the asset to 2.5-3.5 trillion cubic feet.
READ THE JUNE 2026 MEED BUSINESS REVIEW – click here to view PDF
GCC looks beyond the Strait; Iraq’s reform window narrows as fiscal assumptions shatter; MEED Top 100 companies.
Distributed to senior decision-makers in the region and around the world, the June 2026 edition of MEED Business Review includes:
> AGENDA: Gulf races to reroute trade > EXPORT ROUTES: Regional war boosts oil and gas pipeline project activity > CURRENT AFFAIRS: UAE’s Opec departure fulfils multiple ends > MEED TOP 100: Middle East stocks recover unevenly > LEADERSHIP: Building the infrastructure that makes net zero possible > TRADE DEAL: UK-GCC trade deal talks conclude |
To see previous issues of MEED Business Review, please click here
You might also like...
Oman signs $7.5bn of Duqm project deals
10 June 2026
EtihadWE prepares roadmap for future projects
10 June 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
