Abu Dhabi surprised observers when it signed a deal bringing an Indian state-led consortium into its offshore sector on 11 February.
Abu Dhabi’s state-owned Adnoc also confirmed that the 675,000 b/d flagship offshore Adma concession will be divided into three sections upon its expiry after 8 March (MEES, 17 November 2017). Current partners are Adnoc (60%), BP (14.66%), Total (13.34%) and Jodco, a subsidiary of Japan’s Inpex (12%). (CONTINUED - 1819 WORDS)
