ADNOC in advanced talks with potential partners for new offshore oil concession

The Abu Dhabi National Oil Company (ADNOC) has announced that it is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated by the Abu Dhabi Marine Operating Company (ADMA-OPCO) that expires next March. The potential partners are a mix of existing concession holders in ADNOC’s offshore fields and new participants. More »