UAE's Adnoc awards 35-year exploration concession in Abu Dhabi to Japan’s Inpex Corporation

The Abu Dhabi National Oil Company (Adnoc) on Sunday signed an agreement awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s Inpex Corporation. A wholly-owned Inpex subsidiary, Jodco Exploration Limited will hold and manage the interest in the concession on behalf of Inpex, The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council (SPC) and represents the deep commercial and economic relationship, as well as long-standing energy partnership between the UAE and Japan. Inpex will hold a 100 per cent stake in the exploration phase, investing up to Dh646 million.

Source: https://gulfnews.com/business/energy/uaes-adnoc-awards-35-year-exploration-concession-in-abu-dhabi-to-japans-inpex-corporatrion-1.1552819722929

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