TotalEnergies and Abu Dhabi National Oil Co. (ADNOC) have signed a strategic partnership agreement to explore growth opportunities in the UAE.
These include development of oil and gas projects and a potential carbon capture, utilization and storage project in the UAE.
Currently, TotalEnergies has interests in various partnerships with ADNOC.
Among these are 20% in the offshore Umm Shaif & Nasr oil concession and 5% in the offshore oil Lower Zakum concession; 15% in ADNOC Gas Processing; 5% in ADNOC LNG; and 5% in the National Gas Shipping Co.
Also, via another partnership with Mubadala, TotalEnergies has a 24.5% stake in Dolphin Energy, the first gas marketing project between Qatar, UAE and Oman, involving gas exports through an offshore pipeline system.
Another French company, Technip Energies, signed an agreement with the UAE’s National Petroleum Construction Co. (NPCC) to form the joint venture NT ENERGIES LLC, which is based in Abu Dhabi.
This will provide offshore oil and gas fields and facilities services, oil tanks installation and repair, installation, maintenance and manufacturing of alternative energy equipment, oil and gas facilities consultancy, and engineering consultations on alternative energy and research.
The new venture will support the energy transition in the UAE, the broader Middle East region and North Africa by offering services related to blue and green hydrogen and associated decarbonization projects, CO2 capture and others.
Source: Offshore Energy
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