Page 11 - ADOC Sustainability Report

ADOC 2021 SUSTAINABILITY REPORT

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

OUR SHAREHOLDERS

ADOC is owned by four Japanese shareholders, who provide governance and propel the growth of the Company in a safe and
sustainable manner. ADOC was originally formed in 1968 by Maruzen Oil Co., Ltd., Daikyo Oil Co., Ltd. (these two companies
have since merged into the present Cosmo Abu Dhabi Energy Exploration and Production Co., Ltd.) and Nippon Mining Co.,
Ltd. (now JX Nippon Oil & Gas Exploration Corporation). Since then, two additional shareholders, Kansai Electric Power Co. Inc.
and Chubu Electric Power Co. Inc. have also joined the consortium. The ADOC shareholders lead all decision-making processes
relating to the future of the Company.

ADOC's Shareholder Percentages

1.70% 1.70%
Kansai Electric Power Co.
Inc.

Chubu Electric Power Co.
Inc.
32.20%

JX Nippon Oil and Gas
Exploration Corporation
64.40%
Cosmo Abu Dhabi Energy
Exploration and Production
Co. Ltd.

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