The French gun has 40% of the concessions at the Al Thayab gas basin in Ruwais, Abu Dhabi.
Abu Dhabi, Nov 11 – Abu Dhabi National Oil Company (ADNOC), on behalf of the Abu Dhabi government, will host the Emirates News Agency, WAM ) Is to explore, evaluate and develop non-conventional gas resources.
The ADNOC Group holds 60% of this strategic concession, an important step for the production of 1 billion cubic feet of unconventional gas resources per day by 2030.
The contract was signed by ADNOC Director and Chief Executive Officer and Group President and CEO Patrick Boyan, Chairman and CEO of Sultan bin Ahmed Al Jaber at the OKah Oil Reservoir Research Center in ADNOC.
It is the first in the region for non-traditional resources, including six to seven years of exploration evaluation and 40 years of production.
"Total is one of ADNOC's oldest and largest international partners and has been operating in Abu Dhabi's oil and gas sector since 1939. We will be able to maximize non-gas reserves through our agreement with them. We support our efforts to achieve gas self-sufficiency in the UAE. "
"We have received a lot of attention from new partners to participate in Abu Dhabi's unconventional oil and gas business, and discussions with them are on the way, and the results will be announced in a timely manner."
"We are delighted to be the first international non-traditional gas exploration company to work with ADNOC in Abu Dhabi, and this agreement strengthens our long-term strategic relationship in well-known countries and regions," Totalhall said.
"We will support the UAE to develop large-scale, unconventional gas resources and implement its ambitions to maximize its value, especially Thayab Gas Basin, which has the potential to compete with the North American Rocky Basin, which is a great help to our exploration portfolio."
The partnership between ADNOC and Total covers a variety of sectors and aspects of industries such as oil and gas exploration, development and production, as well as refining, processing and shipping, both at sea and on land.
In March, ADNOC signed a concession agreement with Total, which received 20% of the Um El Sheef & Nasr concession and 5% of the Zakum concession.
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