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Total bags a deal with Abu Dhabi offshore oil fields for over 1 billion USD category
March 20, 2018
Source: World Oil

Total bags a deal with Abu Dhabi offshore oil fields for over 1 billion USD

Total has entered into two new 40-year concession agreements with the two major offshore oil fields of Abu Dhabi – Umm Sharif and Nasr concession (granted 20% participating interest) and Lower Zakum (5%). These two fields together account for around 20% of Abu Dhabi production. As a partner in the concessions, Total will employ its expertise in providing personnel and conducting studies.

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