Oil and gas major will play a critical role in supporting the development of Umm Shaif's giant gas cap, as ADNOC drives a more sustainable and economic gas supply
40-year agreements support ADNOC's long-term growth plans and strategy to enhance cooperation across the value chain
Deal strengthens the relationship between ADNOC and Total, one of Abu Dhabi's longest international oil and gas partners, with interests across the value chain
The Abu Dhabi National Oil Company (ADNOC) today signed agreements with Total of France, awarding them stakes in two of Abu Dhabi's new offshore concessions. Under the terms of the agreements, Total has been awarded a 20% interest in the Umm Shaif and Nasr concession and a 5% interest in the Lower Zakum concession. The signing took place at the Abu Dhabi Louvre, a cultural landmark and powerful symbol of the bi-lateral relationship between the United Arab Emirates and France.
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