Inpex announces 16% rise in proven reserves

摘要

Tokyo—Inpex, Japan’s largest upstream company, has raised its proven reserves by 16% year on year to 2.53 billion barrels of oil equivalent in fiscal year 2013-14 (April-March). An Inpex official Monday attributed the jump in its proven reserves to an extension in January by the Abu Dhabi government of a concession for the offshore Upper Zakum oil field by more than 15 years to December 31, 2041 from its current expiry on March 9, 2026. The Upper Zakum field is being jointly developed by Abu Dhabi National Oil Company ( 60%), ExxonMobil (28%) and an Inpex’s wholly- owned subsidiary Japan Oil Development Company (12%).