UAE

Three ADNOC Companies Merge Drilling Activities 

In a bid to cut costs, the offshore drilling activities of three Abu Dhabi oil companies in which the Abu Dhabi National Oil Company (ADNOC) is a major shareholder were merged together on 1 May. According to Mr. Suhail al-Mazrouei's Deputy General Manager of ADNOC, the merger of drilling operations in the three companies - the Abu Dhabi Marine Operating Company (ADMA-OPCO), owned 60% by ADNOC, the Zakum Development Company...