Abu Dhabi National Oil Company (Adnoc) has signed an agreement to award a 3% participating interest in the emirate s offshore Umm Lulu and SARB (Satah Al Razboot) fields concession to State Oil Company of Azerbaijan Republic (Socar).
Abu Dhabi National Oil Company, the current majority shareholder of 84% of ordinary shares in Adnoc Drilling, is set to offer 880 million shares corresponding to 5.5% of issued and outstanding share capital of Adnoc Drilling through a bookbuild offering.
Adnoc Drilling Company has placed 880 million shares to institutional investors, raising its free float to 16.5 per cent and representing 5.5 per cent of the company s total issued and outstanding share capital.
Adnoc Drilling Company has placed 880 million shares to institutional investors, raising its free float to 16.5 per cent and representing 5.5 per cent of the company s total issued and outstanding share capital.
Adnoc completes $935 million institutional placement wn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wn.com Daily Mail and Mail on Sunday newspapers.