ADNOC, Total sign development deals for offshore concessions

Abu Dhabi National Oil Co. has signed agreements with Total SA in which the French supermajor will be awarded stakes in two of Abu Dhabi’s new offshore concessions. Under the terms of the agreements, Total has been awarded a 20% interest in the Umm Shaif and Nasr concession and a 5% interest in the Lower Zakum concession. 


Source: News