UAE: Inpex takes onshore block

Issue 1077 - 21 Mar 2019 | 1 minute read

Abu Dhabi National Oil Company (Adnoc) has awarded the exploration rights for Onshore Block 4 to Japan’s Inpex Corporation, which will invest up to Dh646m ($176m) in the exploration phase, including a participation fee. The 35-year concession deal covers an area of 6,116 km2, running from Abu Dhabi city to the border with Dubai. Under the terms of the agreement, signed in Abu Dhabi on 17 March, Adnoc has an option to take a 60% stake in any production phase. Adnoc says the block has “very promising potential”.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles and set up news alerts.


Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.

View a selection of Free articles

Explore subscription options

Follow us on Google News