France's Total has recently signed agreements for a 20-year extension of its 15% participation in Abu Dhabi Gas Industries Limited Company (Gasco), alongside the Abu Dhabi National Oil Company (Adnoc - 68%), Shell (15%) and Partex (2%). Gasco was created in 1978 to process the associated gas from the Bab, Bu Hasa and Asab oil fields, extract the natural gas liquids (C3+) for the Joint Venture shareholders, and deliver the ethane and residue lean gas (essentially methane) to Adnoc. On behalf of Adnoc, Gasco also operates the processing and liquids extraction facilities of other associated and non-associated onshore gas, as well as fractionation, transportation, storage and export facilities related to the above operations.
Since 1924, Total has been developing long term partnerships in the Middle East. By signing these agreements, Total is pleased to extend and further strengthen its historic cooperation with Adnoc and Abu Dhabi. In the United Arab Emirates, where Total has been present since 1939, Total's production was 243 kboe/d in 2008.
03-Apr-09 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}