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Tue 19 Jan 2010 12:19 AM

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Inpex interested in Abu Dhabi oil developments - Official

Company  interested in taking over concessions held by BP and Exxon.

Inpex Corp, a Japanese oil producer developing an offshore field in Abu Dhabi, is interested in extracting crude from onshore deposits in the emirate once the concessions for those resources expire, a company official said.

Speaking in Abu Dhabi on Monday, Shigeru Usui, chief executive officer, Impex's Japan Oil Development Co unit, said: “We’ve expressed our interest to Abu Dhabi’s government about developing onshore resources."

Concessions for the onshore fields, held by partners including Exxon Mobil Corp and BP Plc, expire in 2014, he said.

It is unclear whether Abu Dhabi will renew the concessions for those partners to continue operating the fields or seek a new developer, Usui said.

Japan Oil Development, or Jodco, is a partner with state run producer Abu Dhabi National Oil Corp and Exxon in the Upper Zakum field off shore.

The partners aim to boost output at the field to 750,000 barrels a day by 2015 from more than half a million now.

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