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 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.

Who are the key partners in this gas development consortium?

How does Bab Gas Cap support UAE's energy strategy?

What stakes do BP and TotalEnergies have in Bab Gas Cap?

What is the Bab Gas Cap project's production capacity?

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. The Bab Gas Cap project, the largest gas cap development of its kind globally, is made up of three reservoirs in the Bab Field – one of Abu Dhabi's largest onshore oil fields – and involves the co-production of gas and condensate.

The new concession for the Bab Gas Cap project will be operated by ADNOC Onshore, with ADNOC holding 60%, BP and TotalEnergies 10% each, China's CNPC with an 8% interest, Japanese JODCO/INPE

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/adnoc-brings-bp-totalenergies-abu-113000575.html)