Inpex Corp. has received exploration rights to 6,116-sq km Block 4 in Abu Dhabi from Abu Dhabi National Oil Corp. With a 100% interest in the exploration phase, Inpex will invest as much as $176 million, including a participation fee, to explore the area between Abu Dhabi city and the boundary with Dubai and to assess two undeveloped discoveries, Ramhan and Hudairiat.

Source: News