EOG said it was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) on May 16, 2025.

8-KRegulation FD DisclosureFiled May 16, 2025Period of report May 16, 2025Summary published (UTC) Oct 15, 2026

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AI summary

EOG said it was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) on May 16, 2025.
The company said the UCO3 concession area covers 3,609 square kilometers, or nearly 900,000 acres, in an over-pressured, oil-prone basin in the Al Dhafra region. It said it holds 100% equity and operatorship.
The company said it will explore and appraise unconventional oil with Abu Dhabi National Oil Company (ADNOC). It said that after a 3-year appraisal phase, it may enter into a production concession, in which ADNOC has the option to participate.
EOG said it expects to begin drilling in the second half of 2025 with no change to its 2025 capital plan.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

EOG Awarded Abu Dhabi Exploration Concession, UCO UCO3

EOG said it was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) on May 16, 2025.

Source · Based on the filing body and exhibits

Concession Area and Equity Structure

The company said the UCO3 concession area covers 3,609 square kilometers, or nearly 900,000 acres, in an over-pressured, oil-prone basin in the Al Dhafra region. It said it holds 100% equity and operatorship.

Source · Based on the filing body and exhibits

3-Year Appraisal Phase and ADNOC Participation Option

The company said it will explore and appraise unconventional oil with Abu Dhabi National Oil Company (ADNOC). It said that after a 3-year appraisal phase, it may enter into a production concession, in which ADNOC has the option to participate.

Source · Based on the filing body and exhibits

Expected Drilling Start in Second Half of 2025 and Capital Plan

EOG said it expects to begin drilling in the second half of 2025 with no change to its 2025 capital plan.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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