Mubadala has partnered with Total, the globally-integrated energy producer and provider, for more than a decade. Our relationship with Total includes projects in both the hydrocarbons and renewables spaces, and exemplifies our investment philosophy of working closely with leading businesses to help diversify Abu Dhabi’s economy and expand its energy leadership.
Together with Total, Mubadala Petroleum has embarked on significant energy projects in the Gulf region and beyond. Dolphin, a multinational gas development and transportation initiative that is among the largest energy investments ever undertaken in the region, is a key example.
A joint venture between Mubadala Petroleum, Occidental Petroleum and Total, Dolphin produces 2 billion cubic feet of gas per day in Qatar, which is then transported for use in the UAE and Oman. Mubadala and Total further complement each other’s strengths in Indonesia, where natural gas is extracted by Mubadala Petroleum from the Ruby field and processed at Total’s onshore terminal. Total also holds a 15% working interest in the Ruby field.
On the renewable energy side, Total and Mubadala have partnered to deliver Shams 1, one of the world’s largest concentrated solar power (CSP) plants. Through a joint venture that includes Total (20%), Abengoa Solar (20%) and Masdar, Mubadala’s renewable energy company (60%), Shams 1 delivers enough clean energy to power 20,000 homes in the UAE. Reaffirming R&D as a key mutual priority, Total’s SunPower subsidiary unveiled new offices in Masdar City, Abu Dhabi’s low-carbon, sustainable urban development, in January 2015.
A partnership spanning the energy spectrum
Building on Total’s 75-year presence in the UAE, the Mubadala-Total partnership capitalizes on joint global expertise and ambitions, and is a prime example of what can be achieved through dynamic and diverse collaborations.