Exxon Mobil Corp. (XOM) has pulled its staff from Abu Dhabi's onshore oil fields after its concession agreement with state-run Abu Dhabi National Oil Company, or Adnoc, expired earlier this month, Energy Intelligence reports Friday.
Exxon Mobil Corp. (XOM) has pulled its staff from
Abu
Dhabi
's onshore oil fields after its concession
agreement with state-run Abu Dhabi National Oil Company, or Adnoc, expired
earlier this month, Energy Intelligence reports Friday.
Exxon's actions break with fellow majors BP PLC, Royal Dutch Shell PLC and
Total SA, which have kept their crews in place since the 75-year onshore
concession expired on Jan. 11, Energy Intelligence said.
The local offices of Exxon and Adnoc were unavailable for comment.
Abu Dhabi
is in the process of
selecting a new foreign partnership to operate the onshore fields.
All the foreign partners in the concession, excluding Partex, were invited to
bid for a new agreement, according to Adnoc and company executives.
Abu Dhabi
has also given approval to
U.S.-based Occidental Petroleum Corp., China National Petroleum Corp., Inpex
Corp. of Japan, Korea National Oil Corp., Norwegian oil company
Statoil
ASA
,
Italy
's Eni
and
Russia
's OAO
Rosneft to bid.
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