TotalEnergies enters in the Bab Gas Cap Concession

TotalEnergies has acquired a 10 percent interest in the Bab Gas Cap Concession in Abu Dhabi, joining a consortium led by ADNOC that aims to develop one of the region’s largest gas resources.

Under the concession structure, ADNOC holds a 60 percent stake, while the remaining interests are held by bp (10 percent), TotalEnergies (10 percent), CNPC (8 percent), JODCO/INPEX (5 percent), ZhenHua (4 percent) and GS Energy (3 percent).

The concession, operated by ADNOC Onshore, will focus on developing the gas cap resources of the Bab onshore field, with a targeted production capacity of 1.5 billion cubic feet of natural gas per day. The project builds on the renewal of Abu Dhabi’s onshore oil concession in 2015, which extended the partnership framework for 40 years.

The Bab Gas Cap development is expected to play a key role in Abu Dhabi’s strategy to increase domestic gas production while also supporting condensate output and strengthening the emirate’s liquefied natural gas (LNG) value chain. The project complements other major gas initiatives in the UAE, including the Ruwais LNG development, in which TotalEnergies also holds a 10 percent stake.

TotalEnergies and its partners have been working on advancing the Bab Gas Cap project since the renewal of the onshore concession. The development is viewed as a significant growth opportunity and is expected to contribute to the UAE’s long-term energy security and export ambitions.

The concession agreement further deepens the long-standing partnership between TotalEnergies and ADNOC, reinforcing international participation in the development of Abu Dhabi’s hydrocarbon resources.

For more information visit www.totalenergies.com