UAE
Abu Dhabi Awards Bab To Shell
Abu Dhabi has awarded Shell a 30-year contract to develop a key gas field. State-owned Abu Dhabi National Oil Company (ADNOC) will hold a 60% equity stake in the joint venture (JV), to manage the Bab ultra-sour gas field, which will produce 400-600mn cfd of sales gas, with Shell holding 40%. Shell also has 15% of the Abu Dhabi Gas Industries (GASCO) consortium – ADNOC 68%; Shell 15%; Total 15%; and Portugal’s Partex 2%...
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