BP Renews Concession in Abu Dhabi’s ADCO

Posted on 12/18/2016

On December 17, 2016, BP p.l.c. renewed its 40-year onshore concession in Abu Dhabi. BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that granted BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of […]

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