Insight
ADNOC wraps up offshore awards in UAE
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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 the following images and tables:
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ADNOC Offshore equity holdersCompany WI production in new ADNOC OffshoreUAE oil production by operating company ('000 b/d)
What's included
This report contains:
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