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In the 19th century

First oil discoveries

In 1962, the company 

In the 19th century

as a result of treaties (known as "truces" which gave the coast its name) entered into between Great Britain and the sheikhs of the Arab States of the Persian Gulf, Britain became the predominant influence in the area.[15] The main purpose of British interest was to protect the trade route to India from pirates, hence the earlier name for the area, the "Pirate Coast". After piracy was suppressed, other considerations came into play, such as a strategic need of the British to exclude other powers from the region. Following their withdrawal from India in 1947, the British maintained their influence in Abu Dhabi as interest in the oil potential of the Persian Gulf grew.[16]

First oil discoveries

In the mid to late 1930s, as the pearl trade declined, interest grew in the oil possibilities of the region. On 5 January 1936, Petroleum Development (Trucial Coast) Ltd (PDTC), an associate company of the Iraq Petroleum Company, entered into a concession agreement with the ruler, Sheikh Shakhbut bin Sultan Al Nahyan, to explore for oil. This was followed by a seventy-five-year concession signed in January 1939. However, owing to the desert terrain, inland exploration was fraught with difficulties. In 1953, D'Arcy Exploration Company, the exploration arm of BP, obtained an offshore concession which was then transferred to a company created to operate the concession: Abu Dhabi Marine Areas (ADMA) was a joint venture between BP and Compagnie Française des Pétroles (later Total). In 1958, using a marine drilling platform, the ADMA Enterprise, oil was struck in the Umm Shaif field at a depth of about 2,669 metres (8,755 ft). This was followed in 1959 by PDTC's onshore discovery well at Murban No.3.[17]

In 1962, the company

discovered the Bu Hasa field and ADMA followed in 1965 with the discovery of the Zakum offshore field. Today, in addition to the oil fields mentioned, the main producing fields onshore are Asab, Sahil and Shah, and offshore are al-Bunduq, and Abu al-Bukhoosh.[17]