INPEX Commences Oil Production from Nasr Oil Field

Source: www.gulfoilandgas.com 2/5/2015, Location: Middle East

INPEX CORPORATION (INPEX), through its wholly-owned subsidiary, Japan Oil Development Co., Ltd. (JODCO), commenced oil production from the Nasr Oil Field offshore Abu Dhabi, the United Arab Emirates, on January 24, 2015.

The Nasr Oil Field is located approximately 130km northwest of Abu Dhabi City. INPEX has jointly developed the Nasr Oil Field with Abu Dhabi National Oil Company (ADNOC), BP and TOTAL.

In the first development phase, INPEX has commenced oil production from the Nasr Oil Field by utilizing existing facilities of the Abu Al Bukoosh (ABK) and Umm Shaif Oil Fields, located adjacent to the Nasr Oil Field. Full field development of the Nasr Oil Field is currently in progress, and after completion, the field is expected to produce oil at a peak rate of 65,000 barrels per day.

The oil produced from the Nasr Oil Field in the first development phase is transported via an existing subsea pipeline to Das Island, and eventually supplied to customers in Japan and other Asian countries as Das Crude.

INPEX has been engaged in the oil development business through JODCO and INPEX ABK, Ltd. in Abu Dhabi for over 40 years. The company owns participating interests1 in the producing oil fields of Umm Shaif, Lower Zakum, Umm Lulu2 , Nasr, Upper Zakum3 , Umm Al-Dalkh, Satah and ABK. Through JODCO, INPEX has also been supporting local communities in Abu Dhabi through human resources development and other activities.

INPEX will continue to actively engage in the oil development business as well as social contribution activities in Abu Dhabi.

1- INPEX owns a 12% participating interest in the Umm Shaif, Lower Zakum, Umm Lulu, Nasr, Upper Zakum and Umm Al-Dalkh Oil Fields, a 40% interest in the Satah Oil Field and a 25% interest in the ABK Oil Field.
2- Oil production commenced at the Umm Lulu Oil Filed, as announced on October 17, 2014.
3- The concession for the Upper Zakum Oil Field was extended until 2041, as announced on January 21, 2014.


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