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Adnoc pulls majors into Abu Dhabi’s offshore fields

Abu Dhabi National Oil Company (Adnoc) has finalised deals that reveal a particularly intricate relationship-building exercise involving its prized offshore assets and important strategic partners. Italian major Eni – in recent times one of the most prominent international oil companies (IOCs) in the Middle East and North Africa region – has taken a 5% stake in the Lower Zakum oil field and 10% in the Umm Shaif and Nasr oil, gas and condensate fields for a total fee of about $875m.

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African Energy Gulf States Newsletter