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FINANCIAL NEWS
BP not invited to Abu Dhabi concession: Report
07 Jul 2012
(MENAFN) Abu Dhabi government has excluded long oil & gas-partner BP Plc from the pre-qualification bidding process to develop Abu Dhabi’s largest onshore oil fields, Reuters reported.
Citing a report by the Petroleum Intelligence Weekly, BP, which has been working in the UAE for 81 years, did not receive an invitation to submit application to bid for acreage in the Gulf capital.
Oil majors Exxon Mobil Corp, Royal Dutch Shell Plc and Total SA were among companies invited to participate in the pre-qualification bidding round, the report said.
The contract includes the Bu Hasa, Bab and Asab oil fields, part of the Abu Dhabi onshore Oil Operations (Adco) concession, which is set to expire in 2014.
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