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ADNOC Says 'Door Is Still Open' For UAE Oil Concession Talks - See more at: http://www.rigzone.com/n

stander
stander
in Oil, Gas and Energy News

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DUBAI, April 4 (Reuters) - The chief executive of the Abu Dhabi National Oil Company (ADNOC) said in remarks published on Monday the door was still open for talks on awarding stakes in its 40-year onshore concession to develop the country's biggest oilfields. Nine Asian and Western companies have bid for stakes in the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession after a deal with Western majors dating back to the 1970s expired in January 2014.

- See more at: http://www.rigzone.com/news/oil_gas/a/143815/ADNOC_Says_Door_Is_Still_Open_For_UAE_Oil_Concession_Talks#sthash.R3C3OSuL.dpuf

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