Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) on Monday said that it will announce its new partners for its Ghasha sour gas concession in the coming few weeks.
Ghasha concession, which is ADNOC’s offshore ultra-sour gas megaproject, consists of Hail, Ghasha, Dalma, and other offshore fields.
The state-owned oil company took the decision after awarding Italy’s Eni a 25% stake to develop the reserves.
On 13 November, Adnoc said that it was in discussion with further potential partners for the remaining 15% of the available 40% stake in Ghasha concession, allocated for foreign oil and gas firms.
“More significant announcements are in the pipeline as we focus on maximising value from all our resources and unlocking increased and commercially viable production from our oil and gas reserves,” Sultan Al Jaber, CEO of Adnoc, said.
It is worth noting that the UAE revealed that had discovered 15 trillion cubic feet of gas in existing and untapped blocks last week.
