DUBAI, April 30 Royal Dutch Shell will form a
joint venture with the Abu Dhabi National Oil Company (ADNOC) to
develop the emirate's Bab sour gas reservoirs, a venture in
which the Anglo-Dutch firm will take 40 percent.
The two companies will now enter a period of commercial and
technical work leading to the development of the Bab sour gas
reservoirs to meet soaring gas demand in the UAE.
"We have more than 60 years' experience of safe and
successful sour gas field development globally and we will apply
this experience, along with our leading research and
development, and technology expertise, to the development of the
Bab resource," Peter Voser, Shell's Chief Executive
Officer, said in a statement on Tuesday.
The project has previously been valued at around $10