Majors Look To Cling On To ADCO Stakes
The oil majors are clinging to their upstream assets in the Middle East by the skin of their teeth. Margins and returns on investment are shrinking with rates of return across the region scraping along on a 10% basis. The next few months will tell whether industry giants Shell, Total, BP and ExxonMobil win a renewal of their Abu Dhabi onshore concession that makes up a material part of their global production, or whether...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!