(MENAFN) Asian and western firms plan to help operate the UAE's biggest oilfields after a deal with oil majors expired this year, according to Arabian Business.
A final decision on the winning firms is unlikely before early 2015 as political leaders in Abu Dhabi, the capital of the United Arab Emirates, weigh whether to bring in Asian firms or stick with old partners.
ExxonMobil, Royal Dutch Shell, Total and BP - have each acquired 9.5 percent equity stakes in the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession since the 1970s.
Portugal's Partex had a 2 percent stake, and the rest was held by state run Abu Dhabi National Oil Company (ADNOC).
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