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  • INPEX Appointed Asset Leader for Lower Zakum Oil Field Offshore Abu Dhabi, UAE
    édité le 30/04/2018 - Plus de news de "INPEX" - Voir la fiche entreprise de "INPEX"


INPEX Appointed Asset Leader for Lower Zakum Oil Field Offshore Abu Dhabi, UAE
INPEX CORPORATION (INPEX) announced that it has been appointed as Asset Leader for the Lower Zakum Oil Field offshore Abu Dhabi in the United Arab Emirates (UAE) by the Abu Dhabi National Oil Company (ADNOC). INPEX, which recently signed an agreement with ADNOC, awarding it a 10 per cent interest in the Lower Zakum concession, participates in the concession through its subsidiary, JODCO Lower Zakum Limited.

This is the first instance that a company other than an “Oil Major” is appointed as Asset Leader for a giant offshore field in Abu Dhabi. This appointment was enabled by INPEX’s technical contributions to oil development in the UAE.

As Asset Leader of the Lower Zakum Oil Field, JODCO Lower Zakum Limited will devote its human and technical resources to the operations at the Lower Zakum Oil Field, and will play an advisory role to ADNOC. The company will also work closely with ADNOC Offshore to achieve production targets, consider and deploy EOR technology most suitable for the Lower Zakum Oil Field, reduce development and production costs and transfer technical knowledge.

Furthermore, as the only IOC partner participating in both the Lower and Upper Zakum Oil Fields, INPEX, through its subsidiaries JODCO Lower Zakum Limited and JODCO, will continue to seek synergies between the two oil fields to reduce costs and maximize value.

INPEX views the UAE as one of its core business areas and will continue to strive to strengthen its oil development activities and contribution efforts in Abu Dhabi as well as help further deepen the cordial relations between Abu Dhabi and Japan, while working to increase its corporate value at the same time.

The impact of this matter on INPEX’s consolidated financial results is minimal, although the economics of the project are expected to further improve as a result of INPEX’s appointment as Asset Leader.

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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