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
