Eni and PTTEP form JV to consolidate stakes in ADNOC's offshore sour gas field

Eni and PTTEP have established a joint venture, Seela Energies, to consolidate their respective stakes in an ADNOC-operated offshore sour gas concession in the UAE. This move streamlines operations and strengthens their position in a strategic energy asset, reflecting ongoing consolidation among international oil companies in the Gulf. The deal underscores the importance of sour gas production for regional energy security and the UAE's efforts to attract foreign investment.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works