UAE

 

ADCO: BP Expects No DecisionFor At Least A Year

 

BP, like ExxonMobil, has written off 140,000 b/d of production from the loss of its onshore Abu Dhabi concession in 2014 and does not see a decision by the Abu Dhabi government on a renewed concession for at least a year if not more, CEO Bob Dudley said on 4 February.

 

The 75-year Abu Dhabi Company for Onshore Operations (ADCO) concession expired in January, ending the participation of the so-called legacy...