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  • INPEX and ADNOC Agree in Principle on Extension of Joint Development of Satah and Umm Al Dalkh Oil Fields Offshore Abu Dhabi, United Arab Emirates
    édité le 16/01/2017 - Plus de news de "INPEX" - Voir la fiche entreprise de "INPEX"


INPEX and ADNOC Agree in Principle on Extension of Joint Development of Satah and Umm Al Dalkh Oil Fields Offshore Abu Dhabi, United Arab Emirates
INPEX CORPORATION (INPEX) announced that it has agreed in principle with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.

INPEX is engaged in the development and production of crude oil in Abu Dhabi through its wholly-owned subsidiary Japan Oil Development Co., Ltd. (JODCO) Based on the agreement in principle, ADNOC and INPEX will discuss new detailed terms on which the joint development of Satah and Umm Al Dalkh oil fields will be extended until 31 December 2042.

In addition, INPEX will be granted an additional 28% participating interest in the Umm Al Dalkh oil field, bringing its total participating interest in the oil field to 40%.

The Satah and Umm Al Dalkh oil fields, located offshore Abu Dhabi and operated by Zakum Development Company (ZADCO), are producing approximately 20,000 barrels per day and 15,000 barrels per day, respectively. INPEX holds a 40% participating interest in the Satah oil field and a 12% participating interest in the Umm Al Dalkh oil field. The current joint development agreements for the Satah and Umm Al Dalkh oil fields are scheduled to expire on 8 March 2018.

Both oil fields have abundant reserves and have stably produced oil for many years based on a strong partnership between ADNOC and INPEX. This stable production is expected to continue over the long term.

Going forward, INPEX will continue to strive to strengthen its oil development activities in Abu Dhabi in which it has engaged for over 40 years, as well as help further deepen the strong relations between Abu Dhabi and Japan.

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.

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.


Origine : Communiqué INPEX

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