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Abu Dhabi Company for Onshore Oil Operations (ADCO)

The Abu Dhabi Company for Onshore Oil Operations (ADCO) operates onshore and in shallow coastal water of the Emirate of Abu Dhabi, one of the seven members of the United Arab Emirates which was established on 2nd December 1971. The original concession agreement was made with Petroleum Development (Trucial Coast) Ltd. On 11th January 1939, but geological work did not begin until after the Second World War. Exploratory drilling began in Abu Dhabi in February 1950. The First commercial oil discovery was made at Bab in 1960, and exports began from the Jebel Dhanna terminal on 14th December 1963. In 1962, the Company was renamed the Abu Dhabi Petroleum Company, ADPC. On 1st January 1973, the Government of Abu Dhabi acquired a 25% interest, which was increased to 60% as from 1st January 1974. The Government interest is held by the Abu Dhabi National Oil Company, ADNOC. ADCO was incorporated under Law No. 14 for 1978, on 8th October 1978 and has been responsible, since February 1979, for operations in the concession area, which after relinquishments, now covers more than 21,000 square kilometers. The Company produces mainly from six oil fields: Asab Sahil Shah Bab Buhasa North-East Bab (Dabbiya, Rumaitha & Shanayel) Our Strategy Continuously achieve the highest standards in HSE performance. Develop technical capability and leadership competency to manage an ever increasingly complex business. Efficiently evaluate, determine and execute optimum reservoir development and management strategies to maximize recovery while minimising cost. Adopt technologies and strategies that enable the most efficient field development and operation Ensure the integrity of our facilities and maximise system availability Mission ADCO acts on behalf of its Shareholders to explore, develop and produce hydrocarbons within its area of operations. In meeting our Shareholders’ aspirations, we will operate at maximum efficiency and optimum cost with minimum impact on the environment and we will avoid harm to people. We will promote an environment of continuous improvement while maintaining the highest standards of honesty and integrity in all aspects of our business. Vision 2020 A respected contributor to Abu Dhabi’s sustainable future through our stewardship of ADCO’s resources. The five enabling factors for ADCO to achieve its Vision 20/20 are: Continuously achieving the highest standards of HSE performance in the industry. Developing technical capability and leadership competency to manage an increasingly complex business. Effectively evaluating and executing optimum reservoir development and management strategies to maximise recovery while minimising cost. Adopting and executing proven technologies and strategies that enable the most efficient field development. Ensuring the integrity of our facilities on a cost effective basis to optimise system availability.

Website: http://www.adco.ae/home/index.aspx



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