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Germany’s Wintershall was this week awarded a 10% stake in Abu Dhabi’s offshore Ghasha sour gas concession. It joins Italy’s Eni which bagged a 25% stake earlier this month ( MEES, 16 November ). With state firm Adnoc retaining 60%, there still remains 5% available for another partner.
The Ghasha concession covers ultra-sour gas fields which Adnoc says will produce 1.6bn cfd raw gas – although the high sulfur levels mean that sales gas volumes will ultimately be considerably less. Adnoc plans to build a 1.6bn cfd processing plant at Ruwais to handle the volumes, and FEED work is due to be completed in 1Q 2019.
Along with the Ghasha field, the concession covers Hail and Dalma. Adnoc has also clarified that it contains the Nasr, Sarb and Mubarraz fields, although the implication is that these will be developed at a later date. Development of the fields comes with an estimated $20bn price tag ( MEES, 1 December 2017 ). No surprise given that it will require “pipelines, islands, wells, you name it. It is a very complex project” according to upstream chief Abdulmunim al-Kindy. (CONTINUED - 449 WORDS)