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December 2018
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Tuesday, 13 November 2018 13:00

Total, ADNOC join forces to unlock unconventional gas potential

Total, ADNOC join forces to unlock unconventional gas potential

Total and Abu Dhabi National Oil Company (ADNOC) have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play that spreads over 6 000 km2 to the west of the prolific ADNOC Onshore concession, in Abu Dhabi, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of Total.

The concession allows for two exploration and appraisal phases for a period of up to 7 years, followed by a 40 year development and production period. Total will operate the exploration phase of this new concession with a 40% interest, while ADNOC will hold the remaining 60% interest. In case of positive exploration, this multi-Tcf opportunity will be developed in stages in line with the growing gas demand in the UAE and potential export opportunities.

This agreement is a result of close cooperation between ADNOC and Total towards identifying ways of unlocking the unconventional gas potential in Abu Dhabi, Total bringing its expertise, personnel and technical know-how.

Total has been present in the United Arab Emirates for almost 80 years and has built a strong presence, reflected by the size and diversity of its assets and partnerships. In 2017, the Group’s equity production in Abu Dhabi was 290,000 boe/d.

More details: https://www.total.com/en/media/news/press-releases/total-and-adnoc-join-forces-launch-unconventional-gas-exploration-abu-dhabi

Person in charge of the newsline: Olga Nagiyeva 

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