ABU DHABI - Exploration Background.

APS Review Gas Market Trends,  January, 2005  

Tags: British Petroleum Co plc, concession

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In 1934 British geologist Percy Cox was sent to Abu Dhabi by Anglo-Persian Oil (now BP) to help then ruler Shaikh Shakhbut with problems of water supply. Cox quickly recognised the area had oil. In 1935-36 Anglo-Persian led a group of six firms called Petroleum Development/Trucial Coast (PD/TC) and negotiated an oil concession.

An agreement was signed in 1939. PD/TC in 1936 had acquired concessions covering Dubai and other parts of what was then controlled by the British and known as Trucial Coast. But it relinquished Dubai in 1961. Conoco of the US took over that concession under ...

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