ADNOC has signed an agreement with Mubadala Investment Coâs Cepsa, awarding it a 20% stake in Abu Dhabiâs offshore SARB and Umm Lulu concession. This comprises 2 main fields under devt, namely Umm Lulu, part of the former ADMA offshore concession, and SARB, andÂ  the Bin Nasher and Al Bateel smaller fields. The ADMA concession has been split into 3 new concessions to maximise commercial value.
UAE, not found