With 3.5mn b/d output capacity, Abu Dhabi state firm Adnoc produces the vast bulk of UAE output. Major structural change has been implemented in recent years. But perhaps none is as dramatic as the near-50% increase in the number of Adnoc’s foreign partners as Abu Dhabi seeks to hike output.

Abu Dhabi state firm Adnoc has been transformed over the past five years. If anything the pace has been accelerating. Many of the most ambitious reforms have been under the stewardship of CEO...