ADNOC and TotalEnergies Sign Strategic Partnership

ADNOC and TotalEnergies Sign Strategic Partnership

ADNOC and TotalEnergies explore opportunities to collaborate in areas of mutual interest including in gas growth, carbon capture utilization and storage

Abu Dhabi National Oil Company (ADNOC) and TotalEnergies intend to explore new opportunities for growth across the energy value chain.

The two companies will also cooperate in the field of gas growth and carbon capture utilization and storage.

The agreement was signed during the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan visit to France by His Excellency Dr Sultan Ahmed Al Jaber, minister of industry and advanced technology and ADNOC managing director Patrick Pouyanné, chairman of TotalEnergies.

TotalEnergies is a significant international partner for ADNOC, present in Abu Dhabi’s oil and gas sector since 1939.

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TotalEnergies and ADNOC currently collaborate across the full value chain, from offshore and onshore exploration, development and production of oil and gas, to gas processing and liquefaction, product marketing, research and development (R&D), and national talent development.

The partnership agreement follows the signing of the UAE-France Comprehensive Strategic Energy Partnership (CSEP) which is focused on enhancing energy security, energy affordability and decarbonisation.

The partnership is also in line with COP28 (28th Session of the Conference of the Parties), which will take place in the UAE in 2023.

His Excellency Dr Sultan Ahmed Al Jaber said:

"The agreement offers the potential to accelerate growth and create greater sustainable value for our mutual benefit.

"We look forward to working with TotalEnergies to unlock the opportunities presented by the agreement across the energy value chain to enable more secure, affordable and sustainable energy for our countries and the world”.

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