A consortium of investors, including Lukoil, plans to make a final investment decision on Hail and Ghasha oil and gas fields in the UAE in 2020. "Lukoil acquired a 5% stake in the Ghasha project in October 2019 for $214mn. ADNOC is the major shareholder, with a 55% stake. Italian Eni owns 25% in the project, German Wintershall 10% and Austrian OMV 5%. The Ghasha concession was awarded in November 2018 for 40 years to develop previously undeveloped deposits in nine offshore oil and gas fields in the Gulf of Abu Dhabi.
A consortium of investors, including Lukoil, plans to make a final investment decision on Hail and Ghasha oil and gas fields in the UAE in 2020. "Lukoil acquired a 5% stake in the Ghasha project in October 2019 for $214mn. ADNOC is the major shareholder, with a 55% stake. Italian Eni owns 25% in the project, German Wintershall 10% and Austrian OMV 5%. The Ghasha concession was awarded in November 2018 for 40 years to develop previously undeveloped deposits in nine offshore oil and gas fields in the Gulf of Abu Dhabi. 
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