TOTAL & ADNOC: 40%
PLATTS - Abu Dhabi's state-owned oil company, ADNOC, said Sunday it signed a deal with Total, granting the French major a 40% stake in the Ruwais Diyab unconventional gas concession.
The agreement follows an announcement from ADNOC earlier this month outlining the company's plans to become a net gas exporter, with 15 Tcf of new gas finds.
The company is targeting an unconventional gas production rate of 1 Bcf/d by the end of 2030,…
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