Total’s Board Members visit to ADNOC Offshore’s Umm Shaif Field
A delegation of Total's board members, Renata Perycz, Maria Van Der Hoeven, Christine Renaud, Charles Paris De Bollardière together with Stephane Michel, President Total E&P MENA, and Hatem Nuseibeh, President Total E&P UAE & Total Country Chair in the UAE visited Umm Shaif Field (ADNOC OffShore), in which Total is a stakeholder, on September 25, 2018.
The delegates were welcomed by ADNOC Offshore Senior Management and had a tour of the facility at Umm Shaif Field.
This visit highlighted the importance that Total hold for ADNOC and Abu Dhabi and their mutual partnerships in the United Arab Emirates.
Good to Know:
The Umm Shaif Oil Field is situated 84 km north west of Abu Dhabi Islands. It was discovered in 1958 and developed by Abu Dhabi Marine Areas Ltd, a joint venture between British Petroleum and Compagnie Française des Pétroles (CFP—later Total).
In March 2018, Total was awarded a 20% interest in the Umm Shaif and Nasr concession and a 5% interest in the Lower Zakum concession.
Total contributed a participation fee of AED 4.2 billion (US $1.15 billion) to enter the Umm Shaif and Nasr concession and a fee of AED 1.1 billion (US $300 million) to enter the Lower Zakum concession. Both concessions are operated by ADNOC OffShore, a subsidiary of ADNOC, on behalf of all concession partners.