Shell, Abu Dhabi Sign MOU for Deep Gas Exploration

ABU DHABI (Dow Jones Newswires), November 3, 2008

Royal Dutch Shell has signed a preliminary agreement with Abu Dhabi National Oil Co. to look into ways of cooperating on deep gas exploration, a top company executive said Monday.

The memorandum of understanding, signed in Abu Dhabi this morning, "is an opportunity to evaluate jointly with Adnoc the scope for cooperation on deep gas exploration," Malcolm Brinded, executive director for exploration and production and a member of the board of Shell, told Zawya Dow Jones.

The agreement covers "deep horizons" offshore Abu Dhabi, Brinded said, speaking at the Adipec 2008 exhibition in Abu Dhabi.

Brinded said he hoped a final agreement between Shell and Adnoc, the producer of almost all of the U.A.E.'s oil, would be signed "relatively quickly."  

Copyright (c) 2008 Dow Jones & Company, Inc.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Services Manager - Production Chemicals
Expertise: Chemist|Production Engineering|Stimulation
Location: Midland, TX
United States Houston: R&D Cementing Engineer - Petrophysical Applications
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Houston, TX
United States Houston: Application Evaluation Specialist
Expertise: Drilling Engineering|Field Development
Location: Houston, TX
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours