Page 13 - Abu Dhabi Oil Co Ltd. (Japan) - Sustainability Report

ADOC 2022 SUSTAINABILITY REPORT

ADOC, Abu Dhabi Oil Co., Ltd. (Japan) is a privately Since its establishment in 1968, ADOC has been highly
held company that specializes in the development regarded for its achievements within the industry through
and production of oil, with our head office based in safe, effective, and reliable operations. ADOC is strongly
Tokyo, Japan. ADOC was established on the 17 of committed towards sustainability as well as health,
th
January 1968 when it was awarded the exploration safety, and the environment (HSE), and has developed
and development of the oil concession Mubarraz Field, procedures in alignment with the ADNOC HSE
located off the coast of Abu Dhabi. The first exploratory Standards. Through ADOC’s safe and stable operations,
well successfully produced crude oil in September 1969 we can continue our contribution to the development
in Mubarraz Field, and in June 1973, the first shipment of of Abu Dhabi and the supply of crude oil to Japan.
Mubarraz crude oil was transported to Japan.

ADOC’s operations in Abu Dhabi are regulated under Our Shareholders
the Supreme Council for Financial and Economic
Affairs (SCFEA). The SCFEA is the superior authority
responsible for the petroleum industry in the Emirate ADOC is owned by four Japanese shareholders, who
of Abu Dhabi. The SCFEA formulates and oversees provide governance and propel the growth of the
the implementation of Abu Dhabi's petroleum policy Company in a safe and sustainable manner. ADOC was
and follows up its implementation across all areas of originally formed in 1968 by Maruzen Oil Co., Ltd., Daikyo
the petroleum industry in the Emirate to ensure that Oil Co., Ltd. (these two companies have since merged into
the set goals are accomplished. ADOC also follows the present Cosmo Abu Dhabi Energy Exploration and
standards and guidelines in line with Abu Dhabi National Production Co., Ltd.) and Nippon Mining Co., Ltd. (now JX
Oil Company (ADNOC), which is a state-owned oil Nippon Oil & Gas Exploration Corporation). Since then,
company in United Arab Emirates responsible for the two additional shareholders, Kansai Electric Power Co. Inc.
production and marketing of all Abu Dhabi oil and gas and Chubu Electric Power Co. Inc. have also joined the
exploration and production. consortium. The ADOC shareholders lead all decision-
making processes relating to the future of the Company.

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