A Message from the Officer

                                                           

Bunduq Company limited has been successfully operating the El Bunduq field for over 40 years. This success has been based on securing a trusting and collaborative partnership with our host Governments’ representatives; Abu Dhabi National Oil Company (ADNOC) and Qatar Petroleum (QP). As the major shareholder; UPD, together with their shareholders JX Nippon and Cosmo will continue to provide financial and human resources; so that Bunduq can provide economic benefit through the maximization and utilization of the hydrocarbon resources from El Bunduq Field.

The renewal of the concession agreement has been accompanied with great confidence and enthusiasm, which are manifested in our numerous plans to sustain the El Bunduq oil field for the next 20 years.

We actively seek opportunities to maximize to utilize our resources, also we continue to demonstrate progress at Bunduq in other areas of our business; especially in HSE.

While crucial work and research continues offshore, onshore we have developed our workplace transformation program which aims to enhance our overall organization efficiency.

I would like to extend my sincerest appreciation to the entire Bunduq team and our stakeholders for their trust and support during this journey.

         Yutaka Yamada

Chief Executive Officer - Bunduq Co., Ltd.

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