Japan's INPEX Corp (TSE:1605) says it is eager to extend its current 10 per cent share in the Azadegan Oil Field in the south of Iran.
Speaking on the sidelines of the 15th International Oil, Gas, Refining and Petrochemical Exhibition (April 23-26), the general manager of INPEX Corp's Tehran Office, Taizo Uchimura, said that in case of its agreement with the Iranian government, it is ready to extend its share from current 10 per cent.
He said his company is now cooperating with National Iranian Oil Company (NIOC) and is satisfied with Iranian market and workforce.
Currently, Naftiran Intertrade (NICO) holds the other 90 per cent share in the Azadegan Oil Field Development Project
Aside from the Azadegan Field, INPEX is also involved in oil development projects in Azerbaijan, the UAE, and the BTC pipeline project in North Caspian Sea.
INPEX is a worldwide oil and gas exploration and production company based in Japan that ranks high among global independent companies next to Supermajors.
INPEX is currently carrying out oil and natural gas projects through its group companies in 26 countries covering the areas such as Indonesia, Oceania, the Middle East, the Caspian Sea, the Americas, Africa, Russian and Japan.
While holding upstream oil and gas business as the core, the INPEX Group aims to become a company which provides diversified energies through establishing a natural gas supply chain and working proactively towards the development of unconventional hydrocarbon resources and new energies.