The Abu Dhabi-based company owns 51 percent share; The joint venture looks to exploiting offshore and shipping opportunities in the oil-rich area
offshore oil field
Latest in offshore oil field
Crude price
Aramco to face weeks of disruption to Abqaiq’s oil output
The company believes less than half the plant’s capacity can be restored quickly after the recent drone attack, according to sources
L&T Hydrocarbon Engineering
L&T consortium signs $1bn Saudi Aramco contract
Mega contract for oil facilities for Marjan Incremental Project
Halliburton
Halliburton inks $597m deal to explore for oil off Kuwait coast
Development of Kuwait’s offshore area is set to add an estimated 100,000 barrels to its daily production capacity
Abu Dhabi
ADNOC unit awards contract to develop offshore oil field
Agreement aims to increase production capacity from the Bu Haseer field from 8,000 bpd too 16,000 bpd
Abu Dhabi National Oil Company
ADNOC signs deal with Japan’s INPEX for offshore oil concession
Agreement further strengthens the economic relationship between the UAE and Japan, says ADNOC CEO
ADNOC
Eni is said to win stakes in two Abu Dhabi oil concessions
Eni won a stake in the Lower Zakum crude deposit and the right to develop a separate area containing the Umm Shaif and Nasr fields
Abu Dhabi
Japan’s Inpex wins Abu Dhabi offshore oil stake for $600m
Japanese producer was also awarded a $250m, 25-year extension of the Satah and Umm Al Dalkh concession