Overview
- The concession was formally awarded on June 25, 2026 by Abu Dhabi’s Supreme Council for Financial and Economic Affairs to ADNOC as operator with a 60% stake.
- The project is expected to produce roughly 1.5 billion cubic feet of natural gas per day and the Bab Gas Cap accounts for about 15% of ADNOC Gas’s processing capacity.
- TotalEnergies and BP each signed agreements to take 10% interests in the concession, while CNPC holds 8%, JODCO/INPEX 5%, China ZhenHua Oil 4%, and GS Energy 3%.
- A gas cap is pressurised gas that sits above an oil reservoir, and developing Bab will free gas and condensate for domestic supply, petrochemical feedstock, and expanded LNG processing.
- The award fits into ADNOC’s wider growth plan, including Dh551 billion of capital spending for 2026–2030 and recent FIDs on other gas projects, a push designed to cut pipeline imports and give households and industry more stable, locally produced gas.