Home  UK Projects International Projects Contractor News Industry Moves Contractors' Guides Technical Toolbox Glossary |
ExxonMobil in Final Negotiations for Upper Zakum Oilfield
"ExxonMobil is deeply honored to have been selected as the sole company to enter final negotiations to become a strategic partner in the Upper Zakum field," said Tim Cejka, president of ExxonMobil Exploration Company. "We are committed to applying ExxonMobil's broad range of industry-leading technologies and operating capabilities to assist Abu Dhabi in obtaining maximum recovery and value from this important national resource. In addition, we look forward to cooperating closely with ADNOC in the areas of training and skill development." Upper Zakum is one of the world's largest oil fields, contributing significantly to Abu Dhabi's current production, and with potential for substantial growth. Successful conclusion of final negotiations will allow ExxonMobil to obtain a 28 percent equity interest in the Upper Zakum oil field. ExxonMobil has participated in Abu Dhabi's petroleum business for more than sixty years. Find out more about ExxonMobil Search for more ExxonMobil News Posted 11/4/05 |
