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ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project
The national oil company of the United Arab Emirates, ADNOC, has signed agreements with BP and TotalEnergies to let the European oil and gas supermajors take 10% each in the consortium developing one of Abu Dhabi’s largest gas fields.
AI Summary
ADNOC has partnered with BP and TotalEnergies to develop Abu Dhabi's largest gas field, the Bab Gas Cap project. This partnership brings European oil and gas supermajors into the consortium developing the Bab Gas Cap project, with BP and TotalEnergies each taking a 10% stake. The concession agreements were signed by the companies, marking their involvement in the project. The Bab Gas Cap project is expected to produce significant amounts of gas, with estimates suggesting up to 1.5 billion cubic feet per day.
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