TotalEnergies has announced the Final Investment Decision (FID) for the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession, in which the Company holds a 20% interest alongside ADNOC (60%), CNPC (10%) and ENI (10%), with ADNOC Offshore as operator.
Umm Shaif is Abu Dhabi’s oldest offshore field, producing since 1962. The project will unlock by 2030 more than 600 million cubic feet per day of gas production while maximizing condensate recovery, through the development of the gas cap resources located above the field’s oil reservoirs. By leveraging synergies with existing offshore facilities and clean power from the UAE grid, Umm Shaif Gas Cap is designed to minimize costs and limit emissions. Furthermore, the project has the potential to increase gas production to up to 1.5 billion cubic feet per day in the future, further supporting the UAE’s long-term gas growth strategy.
Building on the successful award of the Umm Shaif and Nasr concession in 2018 for a 40-year term, this development further illustrates TotalEnergies’ contribution as Asset Lead, alongside ADNOC and its partners, to unlocking additional value from the existing concession while advancing Abu Dhabi’s gas resources and strengthening the UAE’s integrated gas value chain.
'We are delighted to reach this important milestone together with ADNOC and our partners. Following the recent award of the Bab Gas Cap concession, this FID marks another important step in developing Abu Dhabi's significant gas resources. This development will contribute to TotalEnergies' Upstream production beyond 2030 with low-cost and low-emissions resources,' said Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies.
Source: TotalEnergies
