Middle East Economic Survey

VOL. LIV

No 41

10-Oct-2011

Abu Dhabi To Take ADCO Concession Renewal Decision By Year-End

By the end of this year Abu Dhabi will decide if it will extend the Abu DhabiCompany for Onshore Oil Operations (ADCO) consortiums onshore oil fields concession when it expires in January 2014, an official from a major tells MEES. The consortiums international oil company shareholders are concerned that the Supreme Petroleum Council (SPC) will award fields to the lowest...