Adnoc this week signed $2.6bn worth of contracts with Total and CNPC to wrap up the two largest concessions carved out of the expired Adma concession.

Abu Dhabi has carved three new offshore concessions from Adma, which expired on 8 March: 360,000 b/d Lower Zakum, 310,000 b/d Umm Shaif & Nasr, and the 20,000 b/d Sarb & Umm Lulu. Five weeks after a state-led Indian consortium became the first to put pen to paper (MEES, 16 February), the shake-up is nearing completion.

Adnoc signed...