Abu Dhabi National Oil Company (ADNOC), in partnership with Eni and PTT Exploration and Production Public Company Limited (PTTEP), has signed a landmark structured financing transaction of up to AED40.4 billion ($11 billion) to monetise Hail and Ghasha’s midstream future gas production.
Thailand-based PTT Exploration and Production Public Company has partnered with Italy’s integrated energy major Eni to set up a joint venture company, Seela Energies B.V., that will hold their participating stakes in the Ghasha Concession Project offshore Abu Dhabi.
