Natural Gas Daily: Gulf sour gas: a sweeter prospect for IOCs

 

The world’s largest oil companies showed little interest in a contract to develop Abu Dhabi’s Bab sour gas field when it was first tendered in 2007, but attitudes have changed dramatically since then… “Producing sour gas in the UAE and the rest of the Gulf Cooperation Council is not a commercially viable venture, on the basis of selling the gas at the fixed price of around $1/MMBtu, when it costs upwards of $5 to produce,” Jim Krane, a Gulf energy analyst at Cambridge University’s Judge Business School, told Interfax…