TotalEnergies (TTE) and Eni (E) are among the international partners Abu Dhabi National Oil, or ADNOC, will work with to develop the Umm Shaif Gas Cap in Abu Dhabi, as it made a $6.2 billion final investment decision on the project, ADNOC said Tuesday.
ADNOC expects the investment decision to unlock more than 600 million standard cubic feet per day of natural gas and associated liquids, with production targeted for 2030.
The planned spending includes $5.1 billion for three engineering, procurement and construction packages and $365 million for drilling activities, it said.
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