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Adnoc has advanced its ambitious gas development plans in recent days with multiple key contracts signed on the sidelines of the Adipec conference in Abu Dhabi.
Most notable was a long-term concession deal with Total for unconventional gas development. The French major is confident it can begin producing here as early as next year.
It was only last week that the Abu Dhabi state firm announced that the Supreme Petroleum Council (SPC) had approved its “new integrated gas strategy” for securing gas self-sufficiency for the UAE. But with the green light signaled, Adnoc is acting swiftly ( MEES, 9 November ). Its gas development strategy has three central tenets – development of sour gas fields, unconventional reserves and Abu Dhabi’s sizeable gas caps. Progress is now being made on all three fronts. (CONTINUED - 1591 WORDS)