Exploration & Production

Abu Dhabi’s first licensing round draws IOC interest

ADNOC has seen significant interest from IOCs in Abu Dhabi’s upcoming licensing round ADNOC has seen significant interest from IOCs in Abu Dhabi’s upcoming licensing round.
By Verity Ratcliffe 22 May 2018 0 30948
A rig drilling off Abu Dhabi. (CObalt)

Roadshows held by Abu Dhabi National Oil Co. (ADNOC) in Abu Dhabi and Houston to promote the emirate’s recently launched licensing round were attended by “dozens” of oil companies, an ADNOC spokesman told Interfax Natural Gas Daily.

The events, which were held at the end of last month, were “heavily attended” and “pretty much sold out”, the spokesman said. A “good balance of [IOCs from] east and west showed great interest”, he added. ADNOC had said it would host events in London and Hong Kong too,...