This comprises the Hail, Ghasha, Dalma and other sour gas fields.
The award marks the first time that a Russian company has joined an ADNOC concession.
By about 2025, the Ghasha mega-project is expected to produce more than 1.5 bscf/d of natural gas, which is said to be enough to provide electricity to more than two million homes. Also, more than 120,000 b/d of oil and condensates are expected to be produced.
In addition, ADNOC, Lukoil, and the Management Company of Russian Direct Investment Fund have signed a framework agreement to explore potential future cooperation in relation to the Ghasha concession.