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The long-term future of fields that produce about half of Abu Dhabi's oil remains unclear with only one day of a 75-year partnership with Western oil companies left to run.Abu Dhabi National Oil Company, which until now has held 60 percent in the venture, will assume sole responsibility for these fields, which produce around 1.6 million barrels per day, compared with total United Arab Emirates production of around 2.75 million bpd.Analysts at Deutsche Bank said Thursday that the financial impact on the big four oil companies of losing an average of around 150,000 barrels per day of production at a fixed margin of $1.00 per barrel would reduce their earnings by around $50 million per year each.The loss of their equity stakes under the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession could also shave around 3 percent off the European oil industry's aggregate production in 2014, Deutsche Bank estimated.Abu Dhabi, the biggest of the emirates and by far the major oil producer, signed the 75-year agreements with Western oil companies in January 1939 .
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