UAE

 

Confusion Spreads Over Abu Dhabi Oil Fields Concession

 

International Oil Companies (IOCs) are confused about the selection process to bid for fields operated by the Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium. The ADCO concession includes most of the emirate’s major onshore fields and expires in January 2014. State-owned Abu Dhabi National Oil Company (ADNOC) invited selected firms to apply for prequalification by July...