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  • Abu Dhabi Awards Japan’s INPEX Corporation 10% stake in Lower Zakum Offshore Concession
    édité le 26/02/2018 - Plus de news de "ADNOC" - Voir la fiche entreprise de "ADNOC"


Abu Dhabi Awards Japan’s INPEX Corporation 10% stake in Lower Zakum Offshore Concession
The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Japan’s INPEX CORPORATION (INPEX) awarding the company a 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession. A wholly-owned INPEX subsidiary, JODCO Lower Zakum Limited, will hold and manage the interest in the concession on behalf of INPEX.

The agreement, which comes into effect on March 9 and has a term of 40 years, was signed by H.E. Dr Sultan Ahmed Al Jaber, ADNOC Group CEO and member of Abu Dhabi’s Supreme Petroleum Council and Toshiaki Kitamura, President and Chief Executive Officer of INPEX. At the same time INPEX’s stakes in Abu Dhabi’s Satah and Umm Al Dalkh concession have been extended for 25 years. INPEX maintains its 40% stake in Satah and increases its Umm Al Dalkh share from 12 per cent to 40 per cent.

About the Abu Dhabi National Oil Company (ADNOC)

ADNOC is one of the world’s leading oil and gas companies and is fully owned by the government of the Emirate of Abu Dhabi. The company was founded in 1971 and is active in all areas of the oil and gas industry.
It has 17 specialized subsidiaries and joint ventures operating in both upstream and downstream sectors. The ADNOC Group is active in the United Arab Emirates and across the whole world and produces more than 2.7 million boe a day. In the past few years, significant achievements were made in the expansion of the development of gas fields to meet the increased demand from industry gas users; and gas injection requirements in order to enhance the oil and condensate recovery from the producing fields.
While carrying out all its business activities, ADNOC is committed to sustainable development, ensuring a harmonious balance between people’s needs and Earth’s resources, adhering to the best international practices and supporting all programs and initiatives of environment protection while its track record in HSE sets the standard not only at the regional Gulf level but at the international level as well.

About INPEX

INPEX CORPORATION is Japan’s largest exploration and production (E&P) company, and a mid-tier E&P player just behind the world’s oil majors. INPEX is currently involved in approximately 70 projects across more than 20 countries, including the Ichthys LNG Project in Australia as Operator. Through sustainably growing its oil and gas development business, INPEX aims to become a top class international oil and gas E&P Company and continue providing a stable and efficient supply of energy to its customers.


Origine : Communiqué ADNOC

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