OMV, ADNOC CONCESSION: 5%
ADNOC - The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Austria's OMV a 5 percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nasr, Sarb and Mubarraz sour gas fields.
OMV, which joins Italy's Eni and Germany's Wintershall as ADNOC's partners in the concession, will contribute 5 percent of the project capital and operational development expenses. Eni was awarded a 25 percent stake and Wintershall a 10 percent stake in the Ghasha concession in November.
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