The company is in talks with local partner Abu Dhabi National Oil Company (Adnoc) about an extension to the development contract for the Satah and Umm al Dalkh fields off Abu Dhabi.
As part of a deal agreed in principle, Inpex’s share in the fields would rise to 40% from a current 28%.
The fields are operated by Zakum Development Company (Zadco) on behalf of the joint developers, with Inpex currently holding a 40% interest in Satah but just 12% in Umm al Dalkh.
The current joint development agreement expires in early March next year, but the fresh deal — if firmed up — would push this out to 31 December 2042.
Satah currently produces 20,000 barrels per day of crude, with the other fields producing 15,000 bpd.
