No 14

8 April 2002


IOCs GivenEnd-April Deadline For ZadcoEquity Bids

Theinternational oil companies (IOCs) interested inacquiring part or all of the 28% equity stake being offered by Abu DhabiNational Oil Company (ADNOC) in the Zakum DevelopmentCompany (Zadco) have been told that they must submitbids by end-April, MEES understands.Six IOCs are expected to bid for the stake: BP; ChevronTexaco; ExxonMobil; Jodco; Shell; and TotalFinaElf.On 11 March, ADNOC presented the companies with...