Uchenna Izundu
International Editor
LONDON, Nov. 4 -- Royal Dutch Shell PLC will partner with Abu Dhabi National Oil Co. to carry out possible deep offshore gas exploration in the country.
The companies have signed a memorandum of understanding, and Shell plans to sign final agreements to quickly begin joint exploration and development activities.
Last year Shell's production in Abu Dhabi averaged 146,000 boe/d.
Shell holds a 9.5% interest in a joint venture with Abu Dhabi Onshore Co., and it has a 15% stake in Abu Dhabi Gas Industries.
Contact Uchenna Izundu at [email protected].
