TotalEnergies Announces Final Investment Decision for the Umm Shaif Gas Cap Development
France, July 21 -- TotalEnergies announces the Final Investment Decision (FID) for the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession, in which the Company holds a 20% interest alongside ADNOC (60%), CNPC (10%) and ENI (10%), with ADNOC Offshore as operator.Umm Shaif is Abu Dhabi's oldest offshore field, producing since 1962. The project will unlock by 2030 more than 600 million cubic feet per day of gas production while maximizing condensate recovery, through the development of the gas cap resources located above the field's oil reservoirs. By leveraging synergies with existing offshore facilities and clean power from the UAE grid, Umm Shaif Gas Cap is designed to minimize costs and limit emissions. Furthermore...
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