The joint venture agreement renewal for Abu Dhabi Gas Industries Ltd (Gasco) was signed on Tuesday between its shareholders - Abu Dhabi National Oil Company (Adnoc), Shell Abu Dhabi B.V., Total S.A., and Partex Gas Corporation.
The agreement was signed by Yousuf Omair Bin Yousuf, the secretary-general of the Supreme Petroleum Council and chief executive of Adnoc; Malcolm Brinded, exploration and production director for Shell; Yves Louis Darricarrère, president of Exploration and Production at Total; and Eduardo Marcal Grilo, president of the board of directors at Partex.
Signed in 1978 under the directives of the late Shaikh Zayed Bin Sultan Al Nahyan to develop Abu Dhabi's onshore associated gas resources, the original agreement lasted for 30 years.
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