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UAE WINS FIVE GOLD MEDALS IN BANGKOK, THAILAND

EPAEX 2019- DUBAI

EPA with co-operation of Dragon Mart 2 hold Stamp Exhibition EPAEX 2019

UAE Wins Gold Medal in Macao

EPA participated in the Macao 2018 Asian International Stamp Exhibition

50th Anniversary of 1st Crude Oil Shipment - 75th Anniversary of Concession Agreement - 2015

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TECHNICAL DETAILS
Name of the Issue

50th Anniversary of 1st Crude Oil Shipment

75th Anniversary of Concession Agreement

Release Date 2 April 2015
Denominations AED3
Souvenir Sheet -
Size 35.37x45 mm in sheets of 16 stamps 
Designer ADCO in cooperation with Emirates Post Group
Printing Method Offset Lithographic
Printer Cartor Security Printing press - France
Quantities Stamp 50,000
 

 

50th Anniversary of 1st Crude Oil Shipment - 75th Anniversary of Concession Agreement

The Abu Dhabi Company for Onshore Petroleum Operations Ltd, (ADCO) is a limited liability company established to explore, develop and operate the oil and gas fields of the concession area on behalf of its shareholders. The onshore concession area is located in Abu Dhabi, capital city of the United Arab Emirates. 

The original concession agreement was signed by the Ruler of Abu Dhabi on January 11, 1939, with Petroleum Development (Trucial Coast) Ltd. The detailed geological work did not begin until after World War II, and exploratory drilling began in Abu Dhabi in February 1950. 

The first commercial oil discovery in the onshore concession was made at Bab field in T960, and on December 14, 1963, crude oil shipment began from Jebel Dhanna Terminal.  The celebration to mark the 50th anniversary of first crude oil shipment from Bab field through Jebel Dhanna Terminal was held on December 14, 2013. It was one most memorable days in the company's history. Shortly after, on January 10, 2014, ADCO celebrated the completion of 75 years of the original oil Concession Agreement with foreign shareholders.

ADCO continues to contribute in the development and success of Abu Dhabi and the UAE, in accordance with the visionary policies of the Rulers, whose concern has always been the prudent use of the wealth and seeking prosperity for future generations.