Offshore staff
ABU DHABI, UAE – ADNOC and Abu Dhabi’s government have awarded Austria’s OMV a 5% interest in the 40-year offshore Ghasha ultra-sour gas concession.
This comprises the Hail, Ghasha, Dalma, Nasr, Sarb, and Mubarraz sour gas fields.
OMV, which joins other recent new entrants Eni and Wintershall, will contribute 5% of the capital and operational expenses for the development, which will produce over 1.5 bcf/d and over 120,000 b/d of oil and condensates when production starts in the mid-2020s.
ADNOC CEO Dr. Sultan Ahmed Al Jaber said: “The combination of rising demand for gas, more advanced technology and our industry-leading experience in developing sour gas fields, makes it possible for us to commercially and holistically unlock value from our vast sour gas resources.
“This agreement builds on, and extends, our strong partnership with OMV, who we collaborate with in key areas across the oil and gas value chain. They bring extensive experience in sour gas operations, in Austria and Pakistan, and, like ADNOC, have a proven record working with mature and complex reservoirs.”
12/19/2018
