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Tag Archives: Abu Dhabi National Oil Company (ADNOC)

UAE’s ADNOC plans oil field maintenances in March-April to cut output, meet OPEC target

Abu Dhabi National Oil Company (ADNOC) has scheduled maintenance at oil fields in March and April that will cut output to meet its OPEC output reduction target. Field maintenance is expected to reduce Murban crude exports in March and shipments for Das crude in April, three people familiar with the matter said on Thursday. The sources spoke on condition of ...

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BP awarded 10% interest in Abu Dhabi’s ADCO onshore concession

BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of 40 years. In addition to the interest in the ADCO concession, BP becomes a 10% shareholder in ADCO, the ...

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