Total, ADNOC to launch unconventional gas exploration in Abu Dhabi
Nov. 12, 2018
Total SA and Abu Dhabi National Oil Co. (ADNOC) will launch an unconventional gas exploration program in the Diyab play that covers more than 6,000 sq km west of the ADNOC Onshore concession in Abu Dhabi.
The concession allows for two exploration and appraisal phases for a period of up to 7 years, followed by a 40-year development and production period. Total will operate the exploration phase with 40% interest. ADNOC will hold the remaining 60%. In case of positive exploration, the concession will be developed in stages in line with growing gas demand in the UAE and potential export opportunities.
“The Diyab play has the potential to be a high-impact play ranking alongside the most prolific North American shale gas plays,” said Patrick Pouyanne, Total chairman and chief executive officer.
Total has been present in the UAE for nearly 80 years. In 2017, the group’s equity production in Abu Dhabi was 290,000 boe/d.
In partnership with ADNOC, Total holds 20% in the Umm Shaif and Nasr and 5% in the Lower Zakum 40-year concessions; 10% in the 40-year ADNOC Onshore concession; 15% in ADNOC Gas Processing; 5% in ADNOC LNG; and 24.5% in Dolphin Energy Ltd. (OGJ Online, Mar. 19, 2018)
In addition, Total owns 100% stake and operates the Abu Al Bukoosh field.
