Abu Dhabi to Combine Two Offshore Oil Units After Price Drop

  • Yasser Al Mazrouei will jointly lead Adma-Opco and Zadco
  • Adnoc to pursue partners for concessions expiring in 2018

Abu Dhabi National Oil Co. will combine two offshore oil and natural gas ventures operated with partners including BP Plc and ExxonMobil Corp., as the U.A.E. producer takes measures to cope with the drop in oil prices over the past two years.

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