EOG Resources to Invest in Unconventional Oil and Gas Projects in UAE and Bahrain
EOG Resources will invest in unconventional oil and gas projects in the UAE and Bahrain as part of its 2026 international expansion strategy. The UAE concession covers 900,000 acres, while a joint venture with Bapco in Bahrain targets onshore gas. The company has allocated a $6.5 billion capital program for 2026, focusing on international initiatives and core North American operations.
Theia Market Signal Identification - AI Assisted
EOG Resources, a US-based independent oil and natural gas E&P company, will invest in unconventional oil and gas prospects in the UAE and Bahrain, awarded in 2025. EOG received its first onshore concession in the UAE for approximately 900,000 acres and formed a joint venture with Bapco in Bahrain for an unconventional gas prospect.
The company plans to continue investments in 2026 as part of its international strategy, with a $6.5 billion capital program that includes international projects. In 2025, EOG reported $5.5 billion in adjusted net income and $4.7 billion in free cash flow.
Comments