PARIS: French energy group Total and the Abu Dhabi National Oil Company (ADNOC) have agreed to launch a gas exploration programme in the high potential Diyab site, Total said on Monday.

ADNOC had earlier said on Sunday that it had agreed to give Total a 40 percent stake in the Ruwais Diyab gas concession. 

The concession allows for two exploration and appraisal phases for a period of up to seven years, followed by a 40-year development and production period, said Total.

 

(Reporting by Sudip Kar-Gupta; editing by Louise Heavens) ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))