ADNOC awards Eni 25% of Ghasha Concession

Nov. 13, 2018
Abu Dhabi National Oil Co. and the government of Abu Dhabi have awarded Eni a 25% stake in the Ghasha Concession, covering development of offshore Hail, Ghasha, and Dalma sour gas fields. The Arab basin fields are expected to produce more than 1.5 bcfd of gas and 120,000 b/d of oil and condensate when on stream in the middle of the next decade.

Abu Dhabi National Oil Co. and the government of Abu Dhabi have awarded Eni a 25% stake in the Ghasha Concession, covering development of offshore Hail, Ghasha, and Dalma sour gas fields (OGJ Online, Nov. 5, 2018).

The Arab basin fields are expected to produce more than 1.5 bcfd of gas and 120,000 b/d of oil and condensate when on stream in the middle of the next decade.

The concession term is 40 years.

ADNOC is negotiating with other potential partners for the other 15% of the Ghasha Concession available to international oil and gas companies.

It said the project will use digital technologies to provide remote access to key activities on natural and artificial islands, platforms, and wellhead towers. Remote facilities will be operated from a control center in Al Manayif.