Mar 19 2013
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Abu Dhabi Selects Shell for Bab Sour-Gas Field Project -Report
Tuesday, Mar 19, 2013
By Summer Said
DUBAI--State-run Abu Dhabi National Oil Co., or Adnoc, has selected Royal Dutch Shell PLC (RDSA, RDSB) to operate the strategically important Bab sour-gas field, the International Oil Daily reported Tuesday, citing industry sources.
The company had shortlisted Shell and French major Total SA (TOT) for the estimated $10 billion deal, but Shell won the bid, according to the report in the daily, which is run by Energy Intelligence Group.
Both Shell and Total had put forward competitive offers, but the main difference was their approach in handling the massive amounts of sulfur produced at the field.
Shell recommended exporting the sulfur, while Total submitted a proposal to reinject the sulfur back into the reservoir, the report said.
Shell declined comment when contacted by Dow Jones Newswires.
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(END) Dow Jones Newswires
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