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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…

Source OilPrice AI Summary Updated 2h 21m ago

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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. Both BP and TotalEnergies announced on Thursday they had signed their respective concession agreements to join the development of the Bab Gas Cap project in Abu Dhabi. BP will now hold a 10% interest in the Bab Gas Cap concession, which is expected to produce up to 1.5 billion cubic feet per day (bcfd) of gas.…

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