MembresPétrole & Gaz

Total consolidates its strategic partnership with ADNOC

Total has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC).

In the frame of these agreements, Total is granted a 20% participating interest in the new Umm Shaif & Nasr concession and 5% in the Lower Zakum concession, effective March 9th, 2018, for a total participation fee of 1.45 billion dollars, which represents an access cost of around 1 dollar per barrel of reserves. These interests bring to Total a production of 80,000 barrels of oil per day in 2018.

 

Read the full press release online

Articles sur le même thème

Aucune actualité disponible.

Evénements sur le même thème

Aucun événement ne correspond à votre recherche

Partager cette page Partager sur FacebookPartager sur TwitterPartager sur Linkedin

Fermer

FBC Insights