INPEX Becomes Operator of Exploration Block Offshore Australia

INPEX Becomes Operator of Exploration Block Offshore Australia

Japan’s INPEX has through its subsidiary INPEX Browse, Ltd. acquired a 50% participating interest, together with the operatorship, in the exploration block AC/P36 offshore Western Australia from Australian subsidiaries of Murphy Oil Corporation.

AC/P36 is located approximately 550km north-northeast of Broome, off the coast of Western Australia, and covers an area of 1,950km2 , with a water depth ranging from 250m to 500m.

To the south of AC/P36 lie several large gas-condensate fields, including the Ichthys gas-condensate field which INPEX operates and is developing as the large-scale Ichthys LNG Project, and the Prelude and Concerto gas fields which INPEX and Shell are developing as the Prelude FLNG Project. Being operator of AC/P36, INPEX Browse will significantly contribute to further exploration work by utilizing the experience it has accumulated in the Ichthys LNG Project. INPEX Browse will operate AC/P36 with a 50% participating interest while Murphy holds the remaining 50% participating interest, and plans to carry out exploration activities including drilling of one exploratory well.

Participating in AC/P36 will contribute to the continuous enhancement of INPEX’s exploration and production activities in line with the “Medium- to Long-Term Vision of INPEX” announced last month. INPEX will be expanding its exploration and development activities in the Asia-Oceania region as one of its core business areas.

Press Release, June 28, 2012

 

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply