BP Plc (BP/) said it’s still in talks with Abu Dhabi about renewing rights to produce oil in the Middle Eastern emirate, after a report indicated the London-based crude producer had been excluded from negotiations.
“Constructive discussions are taking place at all levels,” David Nicholas, a BP spokesman, said July 6. “This is all part of doing business.” An official at Abu Dhabi National Oil Co., the state-run producer known as Adnoc, had no comment on the report when contacted by Bloomberg today, asking not to be identified in line with company policy.
Adnoc excluded BP from the list of companies it asked to bid for production rights at onshore fields, Petroleum Intelligence Weekly reported last week, without identifying where it got the information. Exxon Mobil Corp. (XOM) (XOM), Total SA (FP), Royal Dutch Shell Plc, Statoil ASA (STL) and Occidental Petroleum Corp. (OXY) (OXY) received invitations to prequalify for bidding, PIW said in a newsletter dated July 9.
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