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OMV and ADNOC Plan the Signing for the Acquisition of a 20% Interest by OMV in Two Offshore Oil Fields in Abu Dhabi by the End of April 2018

Posted by OilVoice Press - OilVoice

06-Apr-2018


OMV and Abu Dhabi National Oil Company (ADNOC) agreed that OMV will acquire a 20 percent interest in the concession for the offshore oil fields Satah Al Razboot (with the satellite fields Bin Nasher and Al Bateel) and Umm Lulu as well as the associated infrastructure for a purchase price of USD 1.5 billion.

The signing of the transaction documents is expected by the end of April 2018.

OMVADNOCAcquisitionOffshoreOil FieldsAbu Dhabi

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