Abu Dhabi Rejects ADCO Extension Request
Abu Dhabi’s Supreme Petroleum Council (SPC) has rejected a request by state-owned Abu Dhabi National Oil Company (ADNOC) to extend by a year the concession of the consortium that operates its biggest onshore oil fields, MEES learns. But the selection process for a new consortium is mired in confusion.
Although the current Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium will not have its...