Adma-Opco chief executive Ali Rashid Al-Jarwan told delegates at the Adipec conference in Abu Dhabi the company was optimising its costs in the current environment.
“We are optimising costs and looking to reduce it by 15% to 20%,” Al-Jarwan said.
However, he added that the company would continue with its investments in key oilfields.
“Adnoc (Abu Dhabi National Oil Company) has a long-term strategy to develop its oilfields,” he added.
Al-Jarwan
