Article length: 1053 words

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.

Go to full article

Credit value: 14

African Energy Gulf States Newsletter