Abu Dhabi is pushing on with a rush of oil and gas awards in an apparent bid to demonstrate that low oil prices will not impact its investment program. But there is as yet no word on whether BP and Shell have made the cut for a 10% Adco stake.
The big surprise this week was the award of a contract to Occidental Petroleum for the study of two offshore fields, a puzzling development since the company has previously announced plans to divest of some Middle Eastern assets. (CONTINUED - 1055 WORDS)
