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Abu Dhabi eyes Shah Deniz gas field

June 11, 2008 at 4:01 PM

ABU DHABI, United Arab Emirates, June 11 (UPI) -- The Abu Dhabi National Oil Co. plans to announce a $10 billion contract to treat sour gas in the Shah Deniz field in Azerbaijan, industry officials said.

Sour gas is natural gas containing high levels of hydrogen sulfide, a degrading contaminant.

The world's fourth largest oil company, Abu Dhabi National Oil Co., or ADNOC, wants to secure enough natural resources for its diversification programs in aluminum, steel and petrochemicals.

With an estimate 200 trillion cubic feet of gas and daily production totals of around 5 billion cubic feet, the emirate hopes to expand its daily production with the Shah Deniz field to 10 billion cubic feet per day, Gulf Daily news reported Wednesday.

"With the advances in technology, together with the increasing international energy prices, it has become more feasible to treat Abu Dhabi's sour gas reserves," ADNOC vice president Abdullah Saeed Al Darmaki said.

Several other oil and natural gas companies put forth bids on the project, including ConocoPhillips.

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