BP Plc has not been ruled out of tendering for Abu Dhabi's upcoming renewal of oil and gas concessions, contrary to one media report, industry sources close to the situation said on Monday.
A report in Petroleum Intelligence Weekly said last week Abu Dhabi National Oil Co (ADNOC) omitted BP when it sent invitations to existing partners of the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession, to tender for renewals before deals expire in 2014.
Industry sources said on Monday BP was invited to take part but had yet to decide whether it wants to, or under what terms. "All of the existing partners were invited," an industry source close to the matter said.
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