Abu Dhabi
Main projects
Abu Dhabi Onshore Concession
| Contract area (block) |
Project status | Venture company (established) | Interest owned |
|---|---|---|---|
| Abu Dhabi Onshore Block | In production | JODCO Onshore Limited (April 15, 2015) |
JODCO 5% ADNOC 60% TotalEnergies 10% BP 10% CNPC 8% NPIC 4% GS 3% |
(As of Jun 1, 2023)
INPEX acquired a 5% interest in the ADCO Onshore Concession in Abu Dhabi in April 2015 following its participation in a bid. INPEX also concluded a 40-year agreement, effective January 1, 2015, with the Supreme Petroleum Council of the Emirate of Abu Dhabi and Abu Dhabi National Oil Company (ADNOC). The concession contains one of the world’s largest deposits of oil. Stable production of crude oil is currently under way from twelve deposits, and plans are being considered to further increase the daily production capacity from its current two million barrels per day.
Abu Dhabi Offshore Oil Fields
| Contract area (block) | Project status | Target Production Capacity | Venture company (established) | Interest owned |
|---|---|---|---|---|
| Lower Zakum Oil Field | In production | Approximately 450 thousand barrels per day | JODCO Lower Zakum Limited (January 25, 2018) |
JODCO 10% ADNOC 60% Consortium of three Indian companies 10% CNPC 10% TOTAL 5% ENI 5% |
| Upper Zakum Oil Field | Approximately 1 million barrels per day | Japan Oil Development Co., Ltd. (JODCO) (February 22, 1973) |
JODCO 12% ADNOC 60% ExxonMobil 28% |
|
| Satah Field/Umm Al-Dalkh Oil Field | Approximately 25 thousand barrels per day / Approximately 20 thousand barrels per day | JODCO 40% ADNOC 60% |
(As of Jun 1, 2023)
INPEX has been engaged in the development and production of oil fields offshore Abu Dhabi in the United Arab Emirates since 1973. In January 2014, we extended our concession agreement for the Upper Zakum Oil Field by 15 years. Subsequently, in November 2017, we agreed on the plan to increase the oil field’s production capacity to one million barrels per day and extended our concession agreement by a further ten years. In February 2018, we newly acquired an interest in the Lower Zakum Oil Field concession and extended our existing concession agreements for the Satah and Umm Al-Dalkh Oil Fields by 25 years. INPEX is now engaged in the development and production of four oil fields offshore Abu Dhabi, namely the Upper Zakum Oil Field, which is one of the largest in the world, as well as the Lower Zakum, Satah, and Umm Al-Dalkh Oil Fields.
The crude oil produced in the Upper Zakum, Satah and Umm Al-Dalkh Oil Fields is transported to Zirku Island, about 60 kilometers from the Upper Zakum Oil Field. There, the crude oil is processed before being stored and shipped as Upper Zakum Crude Oil. The crude oil produced in the Lower Zakum Oil Field is transported to Das Island, about 90 kilometers away, where it is processed before being stored and shipped as Das Crude Oil. INPEX was appointed as the asset leader of the Lower Zakum Oil Field concession by ADNOC. As asset leader, INPEX plays a leading role in advancing development and is working closely with ADNOC and its partners to lift the oil field’s production capacity to 450 thousand barrels per day.
Onshore Block 4
| Contract area (block) | Project status | Venture company (established) |
Interest owned |
|---|---|---|---|
| Onshore Block 4 | Under exploration | JODCO Exploration Limited (February 6, 2019) |
JODCO 100% |
(As of Jun 1, 2023)
INPEX participated in the first-ever block bid round conducted by the Abu Dhabi National Oil Company (ADNOC) in Abu Dhabi in the United Arab Emirates in 2018 and was exclusively awarded Onshore Block 4 as the operator. After drilling exploratory wells from May to August 2021, we have discovered multiple oil and gas reservoirs. We aim to move to development and commence production at an early stage following appraisal activities.
