What is BP's role and stake in the newly signed Bab Gas Cap concession agreement with ADNOC?

BP has signed a concession agreement with ADNOC and other partners to develop the Bab Gas Cap project in the UAE and will hold a 10% stake in the concession; BP will also serve as asset lead for the Bab Oil Field.

How much natural gas is the Bab Gas Cap project expected to produce, and who holds the majority interest?

The Bab Gas Cap project — comprising three reservoirs in the Bab Field — is expected to produce up to 1.5 billion cubic feet of natural gas per day, and ADNOC will own a 60% interest in the concession.

BP Signs Concession Deal with ADNOC for Bab Gas Cap Project

Jun 24, 2026

BP has secured a 10% stake in the Bab Gas Cap project in the UAE alongside ADNOC and partners, with an expected production capacity of 1.5 billion cubic feet of natural gas per day.

reuters

2026-06-24

BP Signs Concession Deal with ADNOC for Bab Gas Cap Project

BP Signs Concession Deal with ADNOC for Bab Gas Cap Project

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