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The companies will focus on research and development to reduce CO2 emissions and promote the circular economy. ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025. The upgrade project will increase the maturing field’s oil production to 485,000 B/D. Separate collaboration agreements between ADNOC and Lukoil, Gazprom Neft, and the Russian Energy Agency cover all segments of the oil and gas industry, including upstream technology and exploration and development of Abu Dhabi concessions. By racking up exploration agreements in the United Arab Emirates, Oman, and Bahrain, Eni took a big step forward in its pledge to tap into the Middle East’s vast swaths of highly prospective oil and gas acreage.

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