Adnoc Drilling, a subsidiary of the Abu Dhabi state energy firm, is waiting for a decision from its parent company about future capacity targets now the UAE has left Opec. “I think this is a long-awaited decision,” Adnoc Drilling CEO Abdulla al-Messabi told investors during the company’s earnings call on 11 May.
“Soon I think Adnoc will come with their plans, what they would like to do exactly. I think, stay tuned, because we as a company, we are very much well-positioned to help Adnoc to fulfil its mandate,” he added. (CONTINUED - 766 WORDS)
