Abu Dhabi has not finished with its offshore shake-up. A key concession expiring in March 2018 will be split. With output slated to rise from almost 700,000 b/d to 1mn b/d, Adma fields are key to Abu Dhabi and an attractive proposition for IOCs.

Abu Dhabi announced this week that it plans to split up its 675,000 b/d offshore Adma concession. A 7 August press release from the Abu Dhabi National Oil Company (Adnoc) stated the “concession will be split into two, or more,...