EOG awarded UAE unconventional oil concession; expects drilling H2 2025

EOG RESOURCES INC

EOG awarded 3,609 sq km Unconventional Onshore Block 3 in Al Dhafra, Abu Dhabi by SCFEA.
EOG holds 100% equity and operatorship; will explore unconventional oil with ADNOC.
Concession includes a three-year appraisal phase; ADNOC may opt into production phase.
Drilling expected to start second half of 2025; no change to 2025 capital plan.
CEO Yacob cites opportunity to evaluate a hydrocarbon-rich basin for horizontal development.

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