UAE

 

Total’s 50-50 ADCO Hopes

 

French major Total – like the rest of the former participants in the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession – faces 2014 without ADCO volumes to report to shareholders. Though production coming onstream elsewhere will likely bring Total’s volumes to a level close to that seen in 2013, the company lost about 140,000 b/d of production when ADCO expired in January. Total had a 9.5% stake in the...