Abu Dhabi – Mubasher: Abu Dhabi Marine Operating Company (ADMA-OPCO) expects a decline of 30% in operating cost, said Alaeddin AL-Badawna, Manager Information Technology.
The company seeks to cut costs through resorting to advanced technological techniques in order to reduce spending after the sharp decline in the oil prices, added AL-Badawna.
“The cost of oil production per barrel should be reduced in parallel with the recent significant decline in the selling prices of oil per parallel,” said Badawna.
“We work on cutting costs in order to provide an added value to our shareholders,” added Badawna.
Abu Dhabi Marine Operating Company (ADMA-OPCO) is a major producer of oil and gas from the offshore areas of the Emirate of Abu Dhabi.
