Total has signed agreements for a 20-year extension of its 15% participation in Abu Dhabi Gas Industries Limited Company ("Gasco"), alongside the Abu Dhabi National Oil Company ("Adnoc," 68%), Shell (15%) and Partex (2%).
The agreements consolidate the commitment of Gasco's shareholders to the company's safe and efficient operations, as well as its striving to continuously improve environmental performance through technical support and technology transfer.
Since 1924, Total has been developing long term partnerships in the Middle East. By signing these agreements, Total is pleased to extend and further strengthen its historic cooperation with Adnoc and Abu Dhabi.
Total Exploration and Production in the United Arab Emirates
In the United Arab Emirates, where Total has been present since 1939, Total’s production was 243 kboe/d in 2008.
In Abu Dhabi, Total holds interests in the Abu Al Bu Khoosh field (75%, operator), in the Abu Dhabi Company for Onshore Oil Operations (ADCO, 9.5%), which operates the five principal onshore fields in Abu Dhabi, and in Abu Dhabi Marine (ADMA, 13.3%), which operates two offshore fields. Total also has interests in Abu Dhabi Gas Liquefaction Company (ADGAS, 5%), which produces LNG, LPG and condensates.
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