TotalEnergies and BP Join ADNOC in Abu Dhabi’s Bab Gas Cap Project
On June 24, 2026, TotalEnergies and BP each acquired a 10% stake in Abu Dhabi’s Bab Gas Cap Concession, operated by ADNOC Onshore (60%). The project aims to produce 1.5 billion cubic feet of gas per day from the Bab field, supporting UAE’s gas self-sufficiency and LNG expansion. Other partners include CNPC (8%), JODCO/INPEX (5%), ZhenHua (4%), and GS Energy (3%). The deal strengthens international energy cooperation and aligns with low-cost, low-emissions upstream strategies.
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TotalEnergies to Acquire 10% Stake in Bab Gas Cap Concession in Abu Dhabi
TotalEnergies SE (NYSE: TTE) agreed on June 24, 2026, to acquire a 10% interest in the Bab Gas Cap Concession in Abu Dhabi, operated by ADNOC (60% stake). Other stakeholders include GS Energy (3%), ZhenHua (4%), JODCO/INPEX (5%), CNPC (8%), and BP (10%). The concession, based on the Bab onshore field, has a planned capacity of 1.5 billion cubic feet per day and expands upon the 40-year Onshore Oil Concession renewal from 2015. The project supports Abu Dhabi's strategy to increase gas output, condensate liquids production, and strengthen its LNG value chain, including the Ruwais LNG project where TotalEnergies also holds a 10% stake. TotalEnergies is an integrated energy company involved in natural gas, oil, renewables, and low-carbon energy.
Yahoo FinanceTotalEnergies to Acquire 10% Stake in Bab Gas Cap Concession in Abu Dhabi
TotalEnergies SE (NYSE: TTE) announced on June 24, 2026, that it has agreed to acquire a 10% interest in the Bab Gas Cap Concession in Abu Dhabi. The concession is operated by ADNOC, which holds a 60% stake, with other partners including BP (10%), CNPC (8%), JODCO/INPEX (5%), ZhenHua (4%), and GS Energy (3%). The project, located in the Bab onshore field, has a planned capacity of 1.5 billion cubic feet per day and is part of a 40-year renewal agreement from 2015. The development supports Abu Dhabi's strategy to increase gas output, condensate production, and strengthen its LNG value chain, including the Ruwais LNG project where TotalEnergies already holds a 10% stake.
Yahoo FinanceADNOC Brings BP and TotalEnergies Into Abu Dhabi’s Bab Gas Cap Project
ADNOC, the national oil company of the United Arab Emirates, has signed concession agreements with BP and TotalEnergies, granting each a 10% stake in the Bab Gas Cap project, one of Abu Dhabi's largest gas field developments. The project, operated by ADNOC Onshore, is expected to produce up to 1.5 billion cubic feet per day of gas and condensate from three reservoirs in the Bab Field. The consortium also includes China's CNPC (8%), Japan's JODCO/INPEX (5%), China's ZhenHua (4%), and South Korea's GS Energy (3%). TotalEnergies CEO Patrick Pouyanné highlighted the project's alignment with the company's upstream strategy, citing low-cost, low-emissions resources. The development supports the UAE's goal of gas self-sufficiency and ADNOC's LNG export expansion plans, complementing other major projects like the Ghasha Concession.
OilPrice.com Daily News UpdateADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project
In a strategic move to develop Abu Dhabi's largest gas cap project, ADNOC has signed concession agreements with BP and TotalEnergies, granting each a 10% stake in the Bab Gas Cap consortium. The project targets production of up to 1.5 billion cubic feet per day from three reservoirs in the Bab Field, one of Abu Dhabi's largest onshore oil fields. ADNOC Onshore will operate, holding 60% ownership, with other partners including China's CNPC (8%), Japan's JODCO/INPEX (5%), China's ZhenHua (4%), and South Korea's GS Energy (3%). Both BP and TotalEnergies highlighted the project's low-cost, low-emissions profile, aligning with their upstream strategies. The development supports UAE's goal of achieving gas self-sufficiency and boosting domestic feedstock, as well as ADNOC's broader LNG export expansion plans, including the SARB Deep Gas Development and Ghasha Concession aimed at net-zero operations.
Yahoo FinanceTotalEnergies Acquires 10% Stake in Abu Dhabi's Bab Gas Cap Concession
French energy major TotalEnergies has signed an agreement to acquire a 10% interest in the Bab Gas Cap Concession in Abu Dhabi, strengthening its partnership with ADNOC. The concession, operated by ADNOC Onshore (60% stake), includes partners bp (10%), CNPC (8%), JODCO/INPEX (5%), ZhenHua (4%), and GS Energy (3%). The project aims to develop gas cap resources above the Bab onshore oil field, targeting production of 1.5 billion cubic feet of gas per day. It supports Abu Dhabi's strategy to expand domestic gas production and LNG business, including the Ruwais LNG project where TotalEnergies also holds a 10% stake. CEO Patrick Pouyanné stated the project aligns with TotalEnergies' upstream strategy by adding low-cost, low-emissions resources. TotalEnergies has operated in the UAE for 87 years and contributed approximately 393,000 barrels of oil equivalent per day in 2025.
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