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Abu Dhabi Onshore Concession

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Contract area (block) Project status Venture company (established) Interest owned
(As of July 31, 2018)
Abu Dhabi Onshore Block In production JODCO Onshore Limited
(April 15, 2015)
JODCO 5.00%
ADNOC 60.00%
TOTAL 10.00%
BP 10.00%
CNPC 8.00%
CEFC 4.00%
GS 3.00%

Through its wholly owned subsidiary, Japan Oil Development Co., Ltd. (JODCO), INPEX acquired a 5% interest in the ADCO Onshore Concession in Abu Dhabi in April 2015 following its participation bid. The Company also concluded a 40-year agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and Abu Dhabi National Oil Company (ADNOC) that came into effect on January 1, 2015. The concession is one of the world’s largest deposits of oil and is made up of 15 principal onshore oil fields in Abu Dhabi of which 12 are currently in production and three remain undeveloped. Steps are being taken to pursue development work with the aim of increasing oil production capacity to 1.8 million barrels per day.

Concession agreement signing ceremony held in April 2015

Concession agreement signing ceremony held in April 2015

Abu Dhabi Offshore Oil Fields

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Contract area (field) Project status Venture company (established) Interest owned
(As of July 31, 2018)
Lower Zakum Oil Field In production JODCO Lower Zakum Limited.
(January 25, 2018)
JODCO 10.00%
ADNOC 60.00%
Consortium of three Indian companies 10.00%
CNPC 10.00%
TOTAL 5.00%
Eni 5.00%
Upper Zakum Oil Field Japan Oil Development Co., Ltd.
(JODCO) (February 22, 1973)
JODCO 12.00%
ADNOC 60.00%
ExxonMobil 28.00%
Satah Field/
Umm Al-Dalkh Oil Field
JODCO 40.00%
ADNOC 60.00%

INPEX maintains rights and conducts development and production operations in four offshore oil fields near Abu Dhabi, including the Upper Zakum Oil Field, the largest Abu Dhabi offshore oil field. The Company acquired an interest in the Lower Zakum Oil Field concession in February 2018, with Abu Dhabi National Oil (ADNOC) appointing INPEX as the asset leader. The Company is playing a leading role in advancing development and working closely with ADNOC and its partners to lift production capacity in the field to 450 thousand barrels per day.

  • photo:ADMA Block

    Zirku Island

Angola Block 14

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Contract area (block) Project status
(production on the basis of all fields and average rate of FY2017)
Venture company (established) Interest owned (*Operator)
(As of July 31, 2018)
Angola Block 14 In production
-Crude oil: 84 Mbbld
Angola Block 14 B.V. (April 19, 2012) Angola Block 14 B.V. 20.00% (including 9.99% of INPEX's interest)
Chevron* 31.00%
Sonangol 20.00%
Eni 20.00%
Galp 9.00%

Participating through a joint venture company with TOTAL S.A., INPEX acquired a 9.99% indirect interest in the oil-producing Angola Block 14 in February 2013. Located approximately 100 km offshore from Cabinda, Angola, Block 14 includes discovered and undeveloped fields. Crude oil is currently being produced from four development areas, and steps are being taken to pursue exploration potential within the block.

Angola Block 14 B.V

Offshore production facilities

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