VOL. XLIII
No. 40
2-OCTOBER-2000
UAE
BP And Total Set To Re-enter Abu Dhabis Upper Zakum Offshore Oilfield Venture
BP and TotalFinaElf now look to be all set to acquire significant equity stakes in the Zakum Development Company (Zadco) from the ventures majority shareholder, the state-owned Abu Dhabi National Oil Company (ADNOC). Equity shareholdings in the Zadco venture, which currently produces some 500,000 b/d of crude oil from the offshore Upper Zakum oilfield, are presently owned 88% by ADNOC...
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