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The chief executive of Total hailed the renewal of its oil field concession in Abu Dhabi as a "blockbuster" Thursday and did not deny the French oil major may have coughed up over $2 billion to sign the deal.Four oil majors – ExxonMobil, Royal Dutch Shell, Total and BP – had each held 9.5 percent equity stakes in the ADCO concession since the 1970s and nine firms bid for stakes.The fields in Abu Dhabi produce 1.6 million barrels per day and are expected to reach 1.8 million bpd from 2017, which would account for 6 percent of Total's output.
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