Exploration & Production

ADNOC awards Total 40% stake in Ruwais Diyab

ADNOC has agreed to award France’s Total a 40% stake in the onshore Ruwais Diyab unconventional gas concession
By Staff reporter 12 November 2018 0 33257

Abu Dhabi National Oil Co. (ADNOC) has agreed to award France’s Total a 40% stake in the onshore Ruwais Diyab unconventional gas concession, ADNOC said on Sunday.

Total will explore and appraise the concession’s unconventional gas resources for 6-7 years before starting a 40-year production period.

The award will help ADNOC’s unconventional gas output reach a targeted 28.32 million cubic metres per day before 2030.