The Joint Venture Agreement renewal for Abu Dhabi Gas Industries Ltd. (GASCO) was signed on March 31, 2009 among Abu Dhabi National Oil Company (ADNOC), Shell Abu Dhabi B.V., Total S.A., and Partex Gas Corporation, for an additional 20 years, effective from 1st October 2008.

The Agreement was signed by His Excellency Yousef Omair Bin Yousef, the Secretary General of the Supreme Petroleum Council and Chief Executive Officer of ADNOC, on behalf of ADNOC, Mr. Malcolm Brinded, Executive Director Exploration and Production, on behalf of Shell, Mr. Yves Louis Darricarrère, President of Exploration and Production, on behalf of Total, and Dr. Eduardo Marçal Grilo, President of the Board of Directors, on behalf of Partex. Present at the signing ceremony were Mr. Abdulla Nasser al Suwaidi, the ADNOC Deputy CEO and Exploration and Production Director, the GASCO Board of Directors, and Mr. Mohamed A. Sahoo Al Suwaidi, GASCO CEO.

The original Joint Venture Agreement was signed in 1978, for 30 years, under the directives of the late Sheikh Zayed Bin Sultan Al-Nahyan.

GASCO is a leader in the processing of Associated and Non-Associated Gas, producing Sales Gas, Ethane, Propane, Butane, Paraffinic Naphta, Condensate and Sulfur.