UAE

 

BP Not Yet Invited To Bid For Major Fields, Abu Dhabi Eyes Crude Boost

 

BP has not yet been invited to prequalify to bid for Abu Dhabi’s major onshore oil fields that are run under the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession, which expires in January 2014. BP is a current partner with a 9.5% stake. Other partners with the same sized stake are ExxonMobil, Total and Shell – which have been invited. Portugal’s...