EOG Resources Wins UAE Concession
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new onshore oil exploration concessionInsider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
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Business & Economics
EOG Resources, Inc. (EOG) Awarded Oil Exploration Concession for UAE Shale Block

75% Informative
EOG Resources, Inc. ( NYSE : EOG ) is one of the largest crude oil and natural gas exploration and production companies in the United States .
The US shale giant will evaluate 900,000 acres in a hydrocarbon-rich basin in Abu Dhabi’s Al Dhafra region.
EOG holds 100% equity and operatorship and may also enter a production concession with the UAE if it finds commercial hydrocarbons.
The development was announced during President Trump 's recent visit to the United Arab Emirates , where multiple strategic agreements were signed.
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