INPEX set to lengthen tenure at offshore UAE oil fields

Offshore staff

TOKYOINPEX has reached agreement in principle with ADNOC on extending the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi until end-2042.

The Japanese company is engaged in development and production of crude oil in Abu Dhabi via its subsidiary Japan Oil Development Co. (JODCO).

Based on the agreement, ADNOC and INPEX will discuss new detailed terms for extending joint development of the two fields.

In addition, INPEX will be given an additional 28% interest in Umm Al Dalkh, lifting its share to 40%. The company currently has a 40% interest in Satah.

Zakum Development Co. (ZADCO) operates the two fields which respectively produce around 20,000 b/d and 15,000 b/d. The current joint development accords are due to expire in March 2018.

However, both fields are said to still hold plentiful reserves and have produced at stable rates for many years.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...