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ConocoPhillips
ConocoPhillips Joins Abu Dhabi National Oil Company in the Development of the Shah Gas Field
July 26th, 2008
ConocoPhillips (NYSE:COP) and Abu Dhabi National Oil Company (ADNOC) today signed an Interim Agreement to develop the Shah Gas Field in Abu Dhabi. Under the Interim Agreement ConocoPhillips and ADNOC will jointly share the ongoing cost of front-end engineering and design (FEED) and project mobilization for the Shah Gas Field development. Final project agreements are expected to be completed by year-end. "ConocoPhillips is pleased to establish a major presence in Abu Dhabi and is honored to participate with ADNOC in this world-class gas development. Our extensive experience in the development of high-sulfur gas fields and ability to employ...
Source: Law & Health Weekly (2008-07-26)
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