Abu Dhabi National Oil Company (ADNOC) and TotalEnergies signed a strategic partnership agreement to deepen their long-standing partnership and explore new opportunities for growth across the energy value chain.
Under the terms of the agreement, ADNOC and TotalEnergies will explore opportunities to collaborate in areas of mutual interest including gas growth, carbon capture utilization and storage (CCUS), and trading and product supply.
The deal was signed by Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, and Patrick Pouyanné, Chairman and CEO of TotalEnergies, as part of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan’s state visit to France.
TotalEnergies is a significant international partner for ADNOC and has been active in Abu Dhabi’s oil and gas sector since 1939.
This strategic partnership agreement follows the signing of the UAE-France Comprehensive Strategic Energy Partnership (CSEP) which is focused on enhancing energy security, energy affordability, and decarbonization, as well as progressive climate action ahead of COP28 (28th Session of the Conference of the Parties), take place in the UAE in 2023.
TotalEnergies currently collaborates with ADNOC 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.
