Drilling in Argentina’s Vaca Muerta shale, where Total has gained expertise. (YPF)
The deal between Total and Abu Dhabi National Oil Co. (ADNOC) this week to explore for unconventional gas in Abu Dhabi is part of ADNOC’s efforts to boost the emirate’s domestic gas supplies. Despite the risks involved in such expensive exploration, ADNOC is working on building up local expertise in unconventionals with a view to creating a competitive domestic gas market and becoming self-sufficient in the fuel by 2030.
The deal marks the first agreement with a foreign major to explore for unconventional resources in the...
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