The Abu Dhabi oil firm plans to invite bids for new blocks as part of upstream growth strategy
The Abu Dhabi National Oil Company (Adnoc) is planning to tender new crude oil blocks in Abu Dhabi as part of its upstream growth strategy.
Adnoc’s chief executive and UAE Minister of State Sultan al-Jaber said during the CERAWeek industry event in Houston, US, that Adnoc's existing partners as well as new players will be invited to bid.
The announcement to expand its upstream activity comes at a time when Adnoc is halfway through awarding the new concession licenses for Abu Dhabi’s offshore oil blocks.
Al-Jaber referred to the fragmentation of the Adnoc Offshore blocks, formerly the Adma-Opco concession, as evidence of Adnoc’s drive to maximise commercial value from its upstream assets, a goal of its Vision 2030 strategy.
You might also like...
GE Vernova wins Egypt power plant upgrade deal
29 April 2026
Contract award nears for Riyadh’s Global Sports Tower
29 April 2026
Tunisia secures $50m rail rehabilitation loan
29 April 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
