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Press Release

ADOC Commencement of New Concession Agreement

December 11, 2012
Cosmo Oil Co., Ltd.
Public Relations Office

Abu Dhabi Oil Co., Ltd. (Japan), (ADOC), a subsidiary of Cosmo Oil Co., Ltd. and an oil operating company in Abu Dhabi, United Arab Emirates, is pleased to announce the New Concession Agreement with the Supreme Petroleum Council of Abu Dhabi ,(SPC), has come into effect as of 6th December, 2012.

ADOC has acquired additional concession area, namely Hail Field, which includes undeveloped reservoirs, added to three existing oil fields, namely Mubarraz Field, Umm Al Anbar Field and Neewat Al Ghalan Field. ADOC aims to succeed an early production in Hail Field and keep the stable and safe operation for further 30 years with the existing three oil fields. The New Concession Agreement symbolizes the excellent bilateral relations between the UAE and Japan in addition to ADOC's experience of more than 40 years in Abu Dhabi with advanced technology for environmental protection and efficient production.

The celebratory reception for the ADOC's 45th anniversary and commencement of the New Concession Agreement was held in Abu Dhabi on 10th December 2012. ADOC received VIPs such as H.E. Abdullah Nasser Al Suwaidi, Director General, Abu Dhabi National Oil Company, at the reception.

ADOC Head Office 14F, Tennoz Central Tower, 2-24
Higashi-Shinagawa, 2-chome, Shinagawa-ku, Tokyo
President Mr. Satoshi Nishi
Date of Establishment 17th January 1968
Capital 10,090 million Yen
Cosmo Oil Co., Ltd.
JX Nippon Oil & Gas Exploration Corporation
Tokyo Electric Power Co., Inc.
Chubu Electric Power Co., Inc.
Kansai Electric Power Co., Inc.

ADOC New Concession Map

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