Satah al Razboot (SARB) and Umm Lulu are two fields located offshore Abu Dhabi. SARB was discovered in 1969, and since 2010 has been developed by ADNOC on a sole-risk basis. Umm Lulu was discovered in 1981 and was initially developed as part of the ADMA-OPCO Contract Area. SARB was combined with Umm Lulu and offered under a new 40-year concession. This analysis concerns this new concession.