b.b. and Adnoc collaborate on Bab Gas Cap
BP announced the signing of a concession agreement with ADNOC and its partners to develop the Bab Gas Cap project in the UAE, through its acquisition of a 10% stake. The project, which includes reserves in the Bab Al Berri field, is expected to produce approximately 1.5 billion cubic feet of natural gas daily, supporting the local market and expanding LNG exports. ADNOC retains a 60% stake, while the remaining shares are divided among several partners, with BP serving as the main operator of the field.
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