French energy major TotalEnergies has signed an agreement to acquire a 10% interest in the Bab Gas Cap Concession in Abu Dhabi, strengthening its long-standing partnership with the Abu Dhabi National Oil Company (ADNOC) as the UAE accelerates development of its natural gas resources.
The concession will be operated by ADNOC Onshore, which holds a 60% stake, alongside partners bp (10%), CNPC (8%), JODCO/INPEX (5%), ZhenHua (4%), and GS Energy (3%). The project is designed to develop the extensive gas cap resources above the Bab onshore oil field and is targeting production of 1.5 billion cubic feet of gas per day.
The development builds on the 40-year renewal of Abu Dhabi's onshore oil concession in 2015, when international partners, including TotalEnergies, secured continued participation in one of the emirate's largest producing ******* ets. Since then, the companies have advanced plans to commercialize the Bab field's gas resources, which also contain valuable condensates.
The project supports Abu Dhabi's strategy to expand domestic gas production, increase condensate output, and strengthen its growing liquefied natural gas (LNG) business. Additional gas supplies are expected to feed the UAE's expanding LNG value chain, including the Ruwais LNG project, where TotalEnergies also owns a 10% stake following its investment in 2024.
"The Bab Gas Cap project is well in line with TotalEnergies' Upstream strategy by adding low-cost, low-emissions resources with significant potential for production growth," Chairman and CEO Patrick Pouyanné said.
The concession will be operated by ADNOC Onshore, which holds a 60% stake, alongside partners bp (10%), CNPC (8%), JODCO/INPEX (5%), ZhenHua (4%), and GS Energy (3%). The project is designed to develop the extensive gas cap resources above the Bab onshore oil field and is targeting production of 1.5 billion cubic feet of gas per day.
The development builds on the 40-year renewal of Abu Dhabi's onshore oil concession in 2015, when international partners, including TotalEnergies, secured continued participation in one of the emirate's largest producing ******* ets. Since then, the companies have advanced plans to commercialize the Bab field's gas resources, which also contain valuable condensates.
The project supports Abu Dhabi's strategy to expand domestic gas production, increase condensate output, and strengthen its growing liquefied natural gas (LNG) business. Additional gas supplies are expected to feed the UAE's expanding LNG value chain, including the Ruwais LNG project, where TotalEnergies also owns a 10% stake following its investment in 2024.
"The Bab Gas Cap project is well in line with TotalEnergies' Upstream strategy by adding low-cost, low-emissions resources with significant potential for production growth," Chairman and CEO Patrick Pouyanné said.
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