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Total Signs a 20-Year Extension for Its Participation in the UAE's Gasco

Source: www.gulfoilandgas.com 4/1/2009, Location: Middle East

Total announces that it has signed agreements for a 20-year extension of its 15% participation in Abu Dhabi Gas Industries Limited Company ("Gasco"), alongside the Abu Dhabi National Oil Company ("Adnoc", 68%), Shell (15%) and Partex (2%).

The agreements consolidate the commitment of Gasco's shareholders to the company's safe and efficient operations, as well as its striving to continuously improve environmental performance through technical support and technology transfer.

Since 1924, Total has been developing long term partnerships in the Middle East. By signing these agreements, Total is pleased to extend and further strengthen its historic cooperation with Adnoc and Abu Dhabi.

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