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FINANCIAL NEWS
BP’s Dudley hopes the firm will be included in UAE oil bidding
12 Nov 2012
(MENAFN) Bob Dudley, CEO of BP Plc, the company that was excluded from pre-qualification bidding to develop Abu Dhabi’s largest onshore oil fields, said the firm hopes it can be included in the process, Reuters reported.
Dudley added that he hopes to hear about the concessions “in the next week or so”.
In August sources spoke about BP being excluded from joining the pre-qualification process due to the UAE’ irritation over UK policies. Dudley said BP was not aware it was shut out.
The concessions system allows oil and gas producers to acquire equity in hydrocarbons from the UAE in return for investing in projects.
Oil concessions have been under the spotlight since early last year as the date for the renewal of the biggest field with 1.5 million bpd capacity approaches.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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