(WO) \u2014 TotalEnergies has signed an agreement to acquire a 10% interest in the Bab Gas Cap concession in Abu Dhabi, joining ADNOC and a group of international partners in the development of one of the UAE’s major gas growth projects.<\/p>\n
The concession is operated by ADNOC Onshore, which holds a 60% interest. Other partners include bp, CNPC, JODCO\/INPEX, ZhenHua and GS Energy.<\/p>\n
The project is focused on developing the gas cap resources of the Bab onshore field and is targeting production of approximately 1.5 Bcfd. The concession builds on the 40-year renewal of Abu Dhabi’s onshore oil concession in 2015 and represents a key component of the emirate’s strategy to expand natural gas and condensate production.<\/p>\n
According to TotalEnergies, the development is expected to support growth across the UAE’s gas value chain, including the Ruwais LNG project, in which the company also holds a 10% stake.<\/p>\n
“I would like to thank the Supreme Council for Financial and Economic Affairs of Abu Dhabi for its continued trust,” said Patrick Pouyann\u00e9, chairman and CEO of TotalEnergies. “This entry in a new concession underlines TotalEnergies’ commitment to stand alongside ADNOC, our historic partner in Abu Dhabi, and to keep contributing to the development of the United Arab Emirates’ significant hydrocarbon resources.”<\/p>\n
Pouyann\u00e9 said the project aligns with the company’s upstream strategy by adding low-cost, low-emissions resources with significant production growth potential.<\/p>\n
The agreement further expands TotalEnergies’ presence in Abu Dhabi, where the company has maintained a long-standing partnership with ADNOC across upstream oil, gas and LNG developments.<\/p>\n","protected":false},"excerpt":{"rendered":"(WO) \u2014 TotalEnergies has signed an agreement to acquire a 10% interest in the Bab Gas Cap concession…\n","protected":false},"author":2,"featured_media":18678,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12699],"tags":[28113,24118,28102,21870,28101,28111,28098,28106,28105,28104,1839,28108,28100,28112,28107,5726,28110,28099,28103,28109,28114],"class_list":["post-40897","post","type-post","status-publish","format-standard","has-post-thumbnail","category-totalenergies","tag-1-5-bcfd","tag-abu-dhabi","tag-abu-dhabi-gas-field","tag-adnoc","tag-adnoc-onshore","tag-adnoc-partnership","tag-bab-gas-cap","tag-condensate-production","tag-gas-cap-resources","tag-gas-concession","tag-lng","tag-middle-east-gas","tag-natural-gas-development","tag-natural-gas-project","tag-ruwais-lng","tag-totalenergies","tag-totalenergies-uae","tag-uae-gas-production","tag-uae-upstream","tag-upstream-development","tag-world-oil"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/40897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=40897"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/40897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/18678"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=40897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=40897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=40897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}