VOL. XLI

No. 24

15-June-1998

UAE

Highlights From ADCO's 1997 Annual Report

In 1997 the Abu Dhabi Company for Onshore Oil Operations (ADCO) drilled 48 wells - 28for joint venture work and 20 for the Abu Dhabi National Oil Company (ADNOC) - and workedover 66 wells, according to the company's 1997 Annual Report. Drilling footageduring the year increased to 610,202 ft. from 482,995 ft. in 1996 and the company had 11rigs in operation. 72% of the total rig activity was devoted to joint-venture work,...