Page 8 - ADOC SUSTAINABILITY REPORT 2024

ADOC SUSTAINABILITY REPORT 2024 ABOUT ADOC

ADOC is a privately held company that specializes in the development and production of oil, with our head office
based in Tokyo, Japan. 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.

ADOC’s operations in Abu Dhabi are regulated under the Supreme Council for Financial and Economic Affairs (SCFEA).
The SCFEA is the superior authority responsible for the petroleum industry in the Emirate of Abu Dhabi. The SCFEA
formulates and oversees the implementation of Abu Dhabi's petroleum policy and follows up its implementation across
all areas of the petroleum industry in the Emirate to ensure that the set goals are accomplished. ADOC also follows
standards and guidelines in line with ADNOC, which is a state-owned oil company in United Arab Emirates responsible
for the production and marketing of all Abu Dhabi oil and gas exploration and production.

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 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.

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In 2024, ADOC celebrated its 56 anniversary. A special gathering was organised to commemorate the occasion and
reflect on ADOC’s journey in the UAE and the key milestones that shaped the company’s legacy.

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