Abu Dhabi’s onshore fields to continue pumping after deal with oil majors expires | The National

Abu Dhabi’s onshore fields to continue pumping after deal with oil majors expires | The National:

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Adco's concession to run Abu Dhabi's onshore fields will continue to run after
the deal with big oil companies runs out in January. Rich-Joseph Facun / The National

Abu Dhabi’s onshore oil partners will stay on until the emirate re-awards a landmark concession, even if that comes after the formal January expiry, said the head of Abu Dhabi National Oil Company (Adnoc).

The emirate’s oldest concession, a family of onshore fields that contribute half of all output, is due to expire at the start of next year after a 75-year-run.

Bids are due later this month for rights that are currently held by BP, Total, ExxonMobil, Royal Dutch Shell and Portugal’s Partex."

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