Abu Dhabi National Oil Company (Adnoc) has rolled out onshore oilfield development projects worth more than $3 billion this year, signalling that the emirate wants to invest in strategic oilfield development projects despite Opec-agreed cutbacks and the wider industry downturn, writes Nishant Ugal.
Abu Dhabi Company for Onshore Petroleum Operations (Adco), which is majority owned by Adnoc, has floated crucial tenders this year related to its $2 billion plus Bab integrated oilfield development project and now the second phase at Qusahwira.
