ADNOC enlists BP, TotalEnergies, China, Japan for gas project

ADNOC has tapped six international energy companies to help it unlock a vast new source of natural gas at one of the UAE’s biggest oil fields.

The concession gives ADNOC a 60% stake, with TotalEnergies, BP, China National Petroleum Corp., China ZhenHua Oil, Japan’s JODCO and Korea GS E&P sharing the remainder, Zawya reports.

It was approved by Abu Dhabi’s Supreme Council for Financial and Economic Affairs on Wednesday.

The project will develop natural gas trapped above the Bab oil field, a layer known as a gas cap that ADNOC says represents the world’s largest project of its kind.

The gas has largely remained untapped because operators have focused on producing oil from the reservoir below.

Operated by ADNOC Onshore, the project is expected to produce 1.5 billion cubic feet of gas a day – about 15% of the capacity of ADNOC Gas – making it one of the UAE’s largest new sources of natural gas.

The additional production is aimed at reducing the UAE’s reliance on imported gas while supporting ADNOC’s growing export business in liquefied natural gas.