Insight
ADNOC wraps up offshore awards in UAE
Report summary
The Abu Dhabi National Oil Company (ADNOC) has finished awarding the new ADNOC Offshore concessions, replacing the original ADMA contract which expired on 8 March 2018. The award process attracted a lot of attention given the scale of the projects on offer, with around 400,000 b/d of production available for foreign partners. We saw a continuation of the shift eastwards, with awards to Japanese, Chinese and Indian companies. Total has held its position as the top producer (after ADNOC), and Eni was a new entrant to Abu Dhabi. This award heralds an end to access for foreign companies to Abu Dhabi's large oil concessions. We assess what is left for investors.
Table of contents
- Executive summary
- Offshore concessions are fully subscribed
- What does it mean for the new partners?
- What's next?
Tables and charts
This report includes 3 images and tables including:
- ADNOC Offshore equity holders
- Company WI production in new ADNOC Offshore
- UAE oil production by operating company ('000 b/d)
What's included
This report contains:
Other reports you may be interested in
Asset Report
Shah Gas Development
Shah is an onshore oil and gas field located about 200 kilometres south of Abu Dhabi city. The field produces both oil and gas from ...
$3,100
Asset Report
Al Yasat Contract Area
The Al Yasat Petroleum joint venture (JV) between ADNOC and CNPC operates two concession areas located onshore and offshore Abu Dhabi. ...
$3,100
Commodity Market Report
Middle East product markets short-term outlook April 2024
This monthly update incorporates price forecasts/differentials, crude runs, refining margins and supply-demand balances through to end-2025.
$1,900
