OMV has announced that by end-month, it plans to sign with ADNOC for a 20% stake in the Satah Al Razboot (with the satellite fields Bin Nasher and Al Bateel) and Umm Lulu/Al Mutard oil fields cluster devtâs for USD 1.5 billion and 40 years duration. Cepsa recently farmed-in in an identical deal (DEA 19 Feb â18). ADNOC owns the remaining 60% operating stake.
OMV has announced that by end-month, it plans to sign with ADNOC for a 20% stake in the Satah Al Razboot (with the satellite fields Bin Nasher and Al Bateel) and Umm Lulu/Al Mutard oil fields cluster devtâs for USD 1.5 billion and 40 years duration. Cepsa recently farmed-in in an identical deal (DEA 19 Feb â18). ADNOC owns the remaining 60% operating stake.