ADNOC partners BP and TotalEnergies to develop Abu Dhabi’s largest gas field, expanding foreign participation in UAE upstreamExecutive summary: ADNOC awarded BP and TotalEnergies each a 10% equity interest in the consortium developing Abu Dhabi’s largest gas cap project. The partnership increases foreign involvement in a strategic UAE gas asset, potentially boosting output, diversifying risk for the majors, and influencing regional gas supply dynamics. ADNOC (UAE national oil company), BP plc, TotalEnergies SE, and the consortium developing the Abu Dhabi gas field. Final investment decision and commencement of development work, with possible further equity adjustments or additional international partners joining the venture.ADNOC has signed agreements granting BP and TotalEnergies a 10% stake each in the consortium tasked with developing one of Abu Dhabi’s biggest gas reservoirs. The move brings two of the world’s largest integrated oil companies into a flagship UAE upstream project, signalling continued openness to foreign equity in the Emirate’s hydrocarbon sector. Analysts note that the deal could enhance gas output capacity and support Abu Dhabi’s long‑term LNG export ambitions while giving the European majors access to a low‑cost, high‑volume resource base.Connected developmentsHow you can save money on your energy bill as debts riseNahostkonflikt: Was fallende Ölpreise jetzt für Tanken und Heizen bedeutenIberdrola y BP reciben 221 millones para su proyecto de hidrógeno verdeTrump Singles Out Exxon, Chevron, Shell, and BP Over High Gas PricesThe Real Reason BP Is Retreating From the North Sea« On ne peut pas vouloir nous prendre deux fois le même argent » : la riposte du patron de TotalEnergies face aux députésOpen the full case file on Beyond →
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