ADNOC wraps up offshore awards in UAE

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21 May 2018

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:

  • Document

    ADNOC wraps up offshore awards in UAE

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