Inform
Win-win for BP and Abu Dhabi: BP awarded ADCO stake
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 17 December 2016, BP joined Total, INPEX and GS Energy in the ADCO concession, Abu Dhabi, acquiring a 10% stake. Previous awards required a signature bonus of US$220 million per 1% stake. BP has covered this cost by issuing new ordinary shares. The shares, which equate to 2% of BP's stock, will be held by the Abu Dhabi Government-owned Mubadala Development Company. The deal will provide BP with roughly 160,000 b/d immediately, with the contract term extending for 40 years, effective 1 January 2015
Table of contents
- Win-win for BP and Abu Dhabi: BP awarded ADCO stake
Tables and charts
This report includes the following images and tables:
- BP working interest production by country 2010-2020
What's included
This report contains:
Other reports you may be interested in
Asset Report
Bunduq - Qatar
The Bunduq oil field is located approximately 100 kilometres offshore Qatar, roughly halfway between the UAE's Daiyinah and Das ...
$3,720
Asset Report
Satah
The Satah offshore oil field is located 200 kilometres northwest of Abu Dhabi city, close to the maritime boundary with Qatar. It is a ...
$3,720
Asset Report
Umm Shaif & Nasr
Umm Shaif was Abu Dhabi's first offshore oil discovery in 1958. It is located 150 kilometres northwest of Abu Dhabi city.
$3,720
