Executives of international oil companies expect to continue their relationships with Abu Dhabi beyond the expiry in the next few years of the emirate's biggest oil concessions.
"We are certainly confident that the landscape for the relationship stretches beyond the end of the concession," said Jean Luc Guiziou, the regional vice president of the French energy group Total's exploration and production unit, on the sidelines of an oil executives' summit in Abu Dhabi.
Mr Guiziou echoed other executives at the conference who spoke on condition that they would not be identified.
"We are confident that the track record of the relationship between Total and Abu Dhabi will continue with a renewed partnership after 2014," he said. "We are confident we will be one of the strategic partners."
Total is among several foreign oil companies participating in a joint venture with ADNOC that extracts crude from Abu Dhabi's onshore oilfields. The concession, signed in the 1930s, is due to expire in 2014. A similar offshore concession expires four years later.
Total's other partners in the onshore venture are Royal Dutch Shell, ExxonMobil, BP and Partex.
Mr Guiziou said Total was also interested in new oil and gas projects in Abu Dhabi, including the development of the emirate's deeply buried deposits of ultra-sour gas - a challenging enterprise the Government is intent on pursuing to boost gas supplies for use in power generation, petrochemicals and enhanced oil recovery projects.
But Total is unlikely to seek a role in the Shah gas project, from which ADNOC's previous joint venture partner, the US oil company ConocoPhillips, withdrew in August last year.
Since then, ADNOC has been seeking a new partner for the development, which would involve producing 1 billion cubic feet per day of gas from a reservoir containing an extremely high concentration of toxic hydrogen sulphide.
Shell, ExxonMobil and Total were considered front runners to replace ConocoPhillips.
Mounir Bouaziz, a vice president of Shell Upstream International, said the company had developed proprietary technology for sour gas extraction, which it was willing to make available to national oil companies including ADNOC.
In 2007, the Abu Dhabi Government passed over Shell's bid for the project in favour of the proposal submitted by ConocoPhillips, a company with less sour gas experience than Shell.
ConocoPhillips withdrew from Shah and a refinery project in Saudi Arabia after its earnings plunged during the downturn and it cut several thousand staff.
tcarlisle@thenational.ae
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
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TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
COMPANY%20PROFILE
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
COMPANY%20PROFILE
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
The team
Photographer: Mateusz Stefanowski at Art Factory
Videographer: Jear Valasquez
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat
Photographer’s assistant: Sophia Shlykova
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi