TotalEnergies Enters in the Bab Gas Cap Concession
France, June 25 -- TotalEnergies has signed its entry into the Bab Gas Cap Concession in Abu Dhabi, with a 10% interest, alongside ADNOC (60%), bp (10%), CNPC (8%), JODCO/INPEX (5%), ZhenHua (4%) and GS Energy (3%).This new concession, operated by ADNOC Onshore, will enable the partners to develop the large gas cap resources of the Bab onshore field, with a target production rate of 1.5 billion cubic feet per day. It builds on the 2015 renewal for 40 years of the Onshore oil concession (formerly ADCO).Since then, TotalEnergies, alongside ADNOC and its partners, has worked to advance the development of the Bab Gas Cap, which represents a significant growth opportunity. The project also aligns with Abu Dhabi's strategy to expand both its liqu...
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