Adco parent company Abu Dhabi National Oil Company (Adnoc) is readying itself to take over as sole operator.
“The concession will come to an end on 10 January 2014,” says an Adnoc spokesman. “We have built in an interim year, whereby Adnoc will take over the sole risk and operate the concession on its own without the shareholders, until the bidding process is complete and we select a winner.
“We
