White & Case advises EOG Resources on new oil exploration concession for unconventional shale block in the UAE

Global law firm White & Case LLP has advised EOG Resources, Inc. (NYSE: EOG), one of the largest crude oil and natural gas exploration and production companies in the United States, on successfully securing a new oil exploration concession in Abu Dhabi. The concession, for Unconventional Onshore Block 3 (UCO3), was awarded to the company by Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA).

The UCO3 concession area is 3,609 square kilometers, or nearly 900,000 acres, in an over-pressured, oil-prone basin within the Al Dhafra region of Abu Dhabi. EOG holds 100 percent equity and operatorship and, in coordination with the Abu Dhabi National Oil Company (ADNOC), will explore and appraise unconventional oil in the concession area. Following a three-year appraisal phase, EOG may enter into a production concession in which ADNOC has the option to participate. EOG currently expects to begin drilling in the concession area during the second half of 2025.

The White & Case team was led by Project Development and Finance partner Jay Cuclis (Houston), and included associates Clint Farha, David Murray, Richard McNulty, John Lawrence and Adam Morris (all in Houston); and Technology Transactions partner Arlene Arin Hahn and associate Mark Kim (both in New York).

The team also included Project Development and Finance partner Mukund Dhar (London) and associate Maha Alali (Abu Dhabi); International Arbitration partners Preeti Bhagnani (New York) and Clare Connellan (London), and associate Isabella Bellera Landa (Washington, DC); M&A partner Di Yu (London) and associate Taylor Gillespie (New York); and Sustainability & Responsible Business partner Taylor Pullins (Houston).

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