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ADNOC awards 35-year concession to INPEX
March 18, 2019
Source: Reuters

ADNOC awards 35-year concession to INPEX

Japanese firm, Inpex Corporation has secured an onshore exploration concession in Abu Dhabi’s competitive block bid round. In a company statement released yesterday, state-run firm ADNOC has awarded Onshore Block 4 to Inpex Corp for 35 years. ADNOC said that the Japanese oil company will invest up to $175.89 million in the block.

Japan’s $40 billion project revived
July 30, 2018

Japan’s $40 billion project revived

Japanese oil major, Inpex Corp informed on Monday that its long-delayed project of $40 billion is back on track. The company has started production of gas in its northern Australian Ichthys field. Reportedly, Inpex will start the export from September end and the project will take approximately three years to reach its full capacity. It will be Japan’s first biggest and major energy development operation.

JODCO Lower Zakum Ltd. appointed as asset leader by ADNOC
May 12, 2018

JODCO Lower Zakum Ltd. appointed as asset leader by ADNOC

JODCO Lower Zakum Limited, a wholly-owned subsidiary of Japan’s INPEX Corp. has been appointed as the asset leader for Abu Dhabi’s Lower Zakum concession area by ADNOC. This move is followed by the award of 10% stake in offshore Lower Zakum concession to INPEX in February, 2018. INPEX also maintained its 40% stake in Satah and increased its Umm Al Dalkh share from 12% to 40%.

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