Abu Dhabi National Oil Company (ADNOC) has recommended that Shell win the multi-billion dollar project to develop its Bab gas field, but the UAE’s higher authorities have yet to rule on it, industry sources said.
Industry newsletter International Oil Daily reported that ADNOC had recommended that the Supreme Petroleum Council (SPC) pick Royal Dutch Shell ahead of rival French bidder Total to develop the ultra-sour gas project the UAE needs to temper growing gas imports.
Three industry sources confirmed that ADNOC had recommended Shell ahead of Total to tackle Bab’s potentially deadly gas.
The SPC and EC usually agree with ADNOC decisions, but as of yesterday neither had ruled on whether to officially award Shell a project which has been valued at $ 10 billion.
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