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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bp Plc | LSE:BP. | London | Ordinary Share | GB0007980591 | $0.25 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.90 | -0.18% | 511.50 | 511.50 | 511.70 | 514.30 | 504.60 | 510.80 | 15,055,772 | 14:52:33 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Petroleum Refining | 211.6B | 15.24B | 0.8934 | 5.69 | 86.72B |
By Summer Said
The United Arab Emirates' state energy company said it would split one of its most important offshore oil concessions and is in advanced talks with more than a dozen potential partners to improve its returns.
Abu Dhabi National Oil Co , or Adnoc, will split its ADMA-OPCO concession into two, or more, concessions with new terms, it said in an emailed statement on Monday.
The concession will be comprised of a mix of the Lower Zakum field, Umm Shaif, Nasr, Umm Lulu and Satah Al Razboot.
Potential partners for development of the concession comprise a mix of existing concession holders in Adnoc's offshore oilfields and new participants.
The current concession, dating back to 1953 and producing about 700,000 barrels a day, expires in March. Its current shareholders are BP PLC, Total SA, and Japan Oil Development Co.
The Abu Dhabi government will continue to hold a 60% stake in the new concession areas.
Write to Summer Said at summer.said@wsj.com
(END) Dow Jones Newswires
August 07, 2017 05:43 ET (09:43 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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