|
|
Article: Abu Dhabi - The Offshore Fields - Abu Dhabi Marine Operating Co.
- Article from:
- APS Review Gas Market Trends
- Article date:
- January 8, 2007
CopyrightCOPYRIGHT 2007 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ADMA-OPCO is the third biggest oil producer next to ADCO and ZADCO. Its area has one of the world's biggest reserves of natural gas. ADMA-OPCO is owned 60% by ADNOC, 14.67% by BP, 13.33% by Total and 12% by JODCO (Japan Oil Development Co. - now a unit of Inpex). JODCO acquired its equity from BP in 1973. A few years later JODCO acquired 12% in the Upper Zakum field, a very complex super-giant which ADMA's foreign partners did not want to develop. Upper Zakum was developed by ADNOC in co-operation with Total, and the company investing in it was named ZADCO (see below). By then, ADMA had discovered most of Abu Dhabi's offshore fields, which were relinquished to ADNOC and ...