Inpex CEO Takayuki Ueda says Abu Dhabi is “like a second home.” The firm is now building an extension, this week bagging a major onshore block.

Abu Dhabi state giant Adnoc on 17 March awarded Japan’s Inpex exploration rights for Onshore Block 4. Inpex (through subsidiary Jodco) has committed to invest up to $176mn during the exploration phase. If successful it can take a 40% stake in a 35 year concession for the block, with Adnoc taking 60%.

Inpex secured the contract...