Abu Dhabi National Oil Company (Adnoc) has finalised a long-awaited deal with ConocoPhilips to develop the emirate`s first major sour gas project. The companies are likely to announce a 30-year partnership to develop the USD 10 billion onshore gas project, which last year was the biggest Middle Eastern energy development open to bids by international oil companies. The goal of the Shah project is to produce up to one billion cubic feet per day of gas to help boost Adnoc’s current output of about 4.5 billion cubic feet per day of gas to a targeted six billion cubic feet per day. The gas, which could start flowing in 2011, is urgently needed to fuel power and industrial developments in the emirate.
