ADNOC and partners to develop mega gas project

Supreme Council for Financial and Economic Affairs

Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.

ADNOC will hold a 60 per cent stake in the project, with the remaining shares held by companies including TotalEnergies EP Holdings UAE B.V. (10%), BP Abu Dhabi (10%), CNPC International (Hong Kong SAR) (8%), JODCO Onshore (5%), China ZhenHua Oil (Hong Kong SAR) (4%) and Korea GS E&P Pte. (3%).

The Bab Gas Cap is the world's largest gas cap development project of its kind, reinforcing the UAE's role as a reliable energy supplier.

It's expected to have a production capacity of around 1.5 billion standard cubic feet per day (BSCFD) of natural gas, representing approximately 15% of ADNOC Gas' total operational gas processing capacity. 

The SCFEA says the development reflects Abu Dhabi's commitment to maximising the value of its natural resources while supporting long-term economic growth.

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