Exxon Mobil staff have left Abu Dhabi’s onshore oil fields after the company’s concession agreement with state-run Adnoc — the Abu Dhabi National Oil Company — expired on January 11, according to a report Friday by Energy Intelligence.
Exxon is alone among foreign operators to pull staff from Abu Dhabi following expiration of the 75-year onshore concession agreements.
Companies that have kept staff in place include BP, Royal Dutch Shell, and Total SA.
Exxon and Adnoc haven’t issued any comments.
Abu Dhabi is deciding on new tie ups with foreign oil and gas companies to operate the onshore fields, the report said.
“All the foreign partners in the concession, excluding Partex, were invited to bid for a new agreement, according to Adnoc and company executives,” according to Energy Intelligence.
Other foreign companies qualified to bid are Occidental Petroleum Corp, China National Petroleum Corp, Inpex Corp of Japan, Korea National Oil Corp, Norwegian oil company Statoil ASA, Italy’s Eni and Russia’s OAO Rosneft.