On November 15, 2017 ADNOC announced an agreement with China National Petroleum Corp. that could lead to the Chinese oil giant joining the emirate’s major offshore concession, including the Lower Zakum, Umm Al-Shaif and Nasr fields, which expires in March 2018.
The agreement was signed by ADNOC CEO Sultan al-Jaber and CNPC chairman Wang Yilin during the ADIPEC 2017.
It also includes several sour gas development projects, which all lie in the shallow waters of the Persian Gulf just off Abu Dhabi’s coast.
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