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Issue 7 2018 - Total acquires two marine concessions in Abu Dhabi

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Total has secured two offshore concessions in Abu Dhabi on March 19, Total announced that it has secured two new marine concessions

with the Abu Dhabi Supreme Petroleum Council and Abu Dhabi National Oil Company (ADNOC) for $1.
45 billion.
Total has signed two new 40-year concession agreements, including a 20% interest in the new UmmShaif and Nasr concessions and a 5% interest
in the LowerZakum concession.
Among them, UmmShaif and LowerZakum are the two main offshore fields in Abu Dhabi, accounting for about 20%
of Abu Dhabi's oil production.
These interests will allow Total to add 80,000 barrels per day of oil production
this year.

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