Four of the world’s largest stock-listed energy companies – ExxonMobil, Royal Dutch Shell, Total and BP – have each held 9.5 percent equity stakes in the ADCO concession since the 1970s and would be keen to prolong their involvement.
Wed Jan 8, 2014 2:58pm EST
* Foreign oil company staff to keep working as service providers
* Disagreement over which companies best suited delays renewal
* Western oil majors’ knowledge of fields may see them return
By Daniel Fineren and Stanley Carvalho
DUBAI/ABU DHABI, Jan 8 (Reuters) – Abu Dhabi will take full control of the UAE’ biggest oilfields when its decades-old venture with four western oil giants ends this weekend, while it weighs new partnerships that could include its long-term collaborators or Asian newcomers.