Japan's largest oil explorer INPEX Corp. announced Thursday that it began oil production through its wholly-owned subsidiary from the Nasr oilfield offshore Abu Dhabi, UAE, on January 24.
Jointly with Abu Dhabi National Oil Company (ADNOC), BP and TOTAL, INPEX has developed the Nasr oilfield, which is located about 130 km northwest of Abu Dhabi, the Tokyo-based firm said in a press release.
The oil produced from Nasr in the first development phase is transported via an existing subsea pipeline to Das Island, and eventually supplied to customers in Japan and other Asian countries, said INPEX. After completion of the full development, the Nasr oilfield is expected to produce oil at a peak rate of 65,000 barrels per day, it said. INPEX, a global oil and gas exploration and production company, has been engaged in the oil development business in Abu Dhabi for over 40 years, in addition to 70 active projects across 25 countries.