ADNOC awards INPEX onshore exploration rights

摘要

ADNOC awarded exploration rights to Japan's INPEX Corporation for the onshore block 4 that will see an investment of US$646 million. JODCO Exploration, the wholly-owned subsidiary of JODCO, will hold and manage the interest in the 35-year concession, with INPEX holding a 100 per cent stake in the exploration phase, ADNOC said.