VOL. XXXIX

No. 44

29-July-1996

UAE

ADMA-OPCO Achieves Low Production Costs Despite Higher Activity In 1995

The Abu Dhabi Marine Operating Company (ADMA-OPCO) in 1995 achieved its lowest production costs for more than a decade despite an increase in the scope of its activities, according to the company's 1995 Annual Review. ADMA-OPCO is owned 60% by the Abu Dhabi National Oil Company (ADNOC), 14 2/3% by British Petroleum, 13 1/3% by Total and 12% by Japan Oil Development Company...