In November 1977, Sheikh Zayed Bin Sultan Al Nahyan, promulgated Law No.9 for 1977 incorporating Zakum Development Company (ZADCO) to develop and operate the Upper Zakum field. Currently, Zakum Development Company (ZADCO) has three major shareholders, Abu Dhabi National Oil Company (ADNOC) with 60% share, ExxonMobil with 28% share, and Japan Oil Development Company limited (JODCO) with 12% share.
Sector: Oil & Energy
Year Established: 1977
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