INPEX announces oil and gas discovery in Abu Dhabi

Inpex ORME 16 DecINPEX has discovered multiple conventional oil, condensate and gas columns as a result of drilling an exploration well from May until August 2021 at Onshore Block 4 in Abu Dhabi in the UAE through its subsidiary JODCO Exploration Limited (JEL)

Onshore Block 4 is located in a coastal area in the central part of Abu Dhabi which includes Abu Dhabi City, and covers a surface area of approximately 6,116 sq km.

Since taking part in the first ever competitive bid round for new licensing opportunities for the exploration, development and production of oil and gas launched by the Abu Dhabi National Oil Company (ADNOC) in Abu Dhabi in 2018, and thereafter being exclusively awarded Onshore Block 4 as an operator, JEL has conducted drilling operations based on the evaluation of 3D seismic exploration data.

The block lies in the vicinity of existing oil and natural gas production infrastructure, raising expectations for the early-stage development and production of crude oil and natural gas. JEL will henceforth conduct the analysis of data extracted from crude oil and natural gas production tests, undertake further exploration activities and pursue the potential of commercially developing Onshore Block 4 in close collaboration with ADNOC.

Based on expectations for early-stage development and production, these resources are expected to contribute to building a more resilient INPEX upstream business as outlined in INPEX’s business development strategy.

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