Oxy Confirmed as Shah Partner

摘要

Abu Dhabi National Oil Co. (Adnoc) confirmed on Thursday that it had selected Occidental Petroleum to replace ConocoPhillips as its partner in developing the 1 Bcf/d Shah sour gas field (OD Jan.20,p4). "Adnoc and Occidental Petroleum reached an agreement in principle for Occidental to join the development of the Shah gas field," Adnoc said in a statement. "Occidental will take a 40% participating interest while Adnoc will retain its 60% participating interest in the project and in the operating company Abu Dhabi Gas Development (AGD)."