UAE’s Dolphin Energy Ltd., an Abu Dhabi-controlled venture, providing 2cf/d of gas from Qatar to Oman and the UAE, has secured a 15-year long bank loan of $863m, reported Arabian Business.

According to Trade Arabia, Dolphin Energy had originally planned to raise a $1b loan in the form of ‘incremental finance’ to be added to its existing facility as a new loan or an extension of the amount already borrowed.

In 2009, the firm had successfully raised $3b through a combination of loans and a bond, refinanced in 2011 by another bond issue worth $1.3b.

Abu Dhabi’s Mubadala Fund, owns a 51 % share of Dolphin Energy, while Total and Occidental Petroleum Corp. each hold 24.5 %.