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INPEX had a massive upswing of 42 percent in net sales for the three months ended June 30, up from 202,351 million Japanese yen in the three months ended June 30, 2018 to 287,401 million yen.
The statement outlines INPEX's core commitments in Australia and was resolved by the company's Board of Directors at a recent meeting in Darwin in the Northern Territory, where Ichthys LNG's onshore gas liquefaction plant is located.
A wholly-owned Inpex subsidiary, Jodco Exploration Limited, will hold and manage the interest in the concession on behalf of Inpex.
Abu Dhabi: The Abu Dhabi National Oil Company (Adnoc) on Sunday signed an agreement awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan's Inpex Corporation.
The Abu Dhabi National Oil Company (Adnoc) has signed an agreement appointing Jodco Lower Zakum Limited, a wholly-owned subsidiary of Japan's Inpex Corporation, as the asset leader for Abu Dhabi's Lower Zakum concession area.
Dr Sultan Ahmed Al Jaber, ADNOC Group CEO and member of Abu Dhabi's Supreme Petroleum Council and Toshiaki Kitamura, President and Chief Executive Officer of INPEX. At the same time INPEX's stakes in Abu Dhabi's Satah and Umm Al Dalkh concession have been extended for 25 years.
"We have held several meetings with executives of Japan's INPEX Oil Corporation in a bid to pave the way for the Japanese company's investment in Iran," Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said.
President Joko Widodo rejected Inpex and Shell's proposal to build the world's largest floating liquefied natural gas (LNG) facility in the country's east, saying an onshore plant would benefit its economy more.
"The downgrade principally reflects our expectation that INPEX's profitability will deteriorate significantly as a result of sustained low oil prices," says Kailash Chhaya, a Moody's Vice President and the lead analyst for INPEX.
Inpex, Japan's largest E&P company, is producing crude oil in the Cop Macoya and Guanco Oriental blocks in a JV with PDVSA's CVP.
Through INPEX Petroleo Santos Ltda., a subsidiary, INPEX owns a 15% interest in the concession, while partners Petrobras (operator) and Shell own 65% and 20% participating interests, respectively.
“This product is perfect when traveling, or for use in homes, businesses, retail stores, clothing stores, hotels and when traveling.” For more information on the “Steam Valet[TM]” visit: www.Steam-Valet.com or their booth at INPEX Booth 227
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