A picture is gradually emerging as to how Adnoc plans to reshape its offshore sector after a key concession expires in March 2018. Abu Dhabi is also making progress onshore with a contract awarded to develop the Bab field. The state giant’s 3.5mn b/d 2018 capacity target looks set to be missed.

The Abu Dhabi National Oil Company (Adnoc) announced several deals on the sidelines of the Adipec conference in Abu Dhabi this week. Officials said talks over restructuring the Adma concession...