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ADNOC |
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ADCO is part of the ADNOC group of companies and the UAE's
largest onshore oil producing company; it operates and produces oil
primarily from a number of fields including SAS fields which are located
in a desert area some 180 kilometers south of Abu Dhabi City. ExxonMobil, with ADNOC and other
non-operating joint venture parties will provide support in pursuing the
objective of increasing production by about 50% to a target of 750,000
(gross) barrels per day. This will
leave ADNOC with a 60 percent interest and Japan Oil Development Company
Limited (JODCO) will continue to hold the remaining 12 percent interest. |
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