Inpex Clinches Stake in Three New Exploration Blocks (UK)

Inpex Clinches Stake in Three New Explration Blocks (UK)

Japan’s INPEX announced that in the 27th Seaward Licensing Round in UK, the company won three offshore exploration blocks in the North Sea jointly with Centrica Resources Limited (Centrica), a subsidiary of Centrica plc, a UK gas and electricity company and Statoil (U.K.) Limited (Statoil), a subsidiary of Statoil ASA, a Norwegian oil company.

The three Exploration Blocks awarded consist of 214/28, 214/29 and 214/30b located offshore approximately 60km northwest of Shetland Island. Centrica will conduct exploration activities as Operator, retaining a 35% participating interest while INPEX holds a 30% participating interest and Statoil holds a 35% participating interest, respectively. Joint ventures plan to carry out seismic work etc. to explore for the new discovery of oil and/or natural gas in the Blocks.

The offshore area near Shetland Island, where the Blocks INPEX won lie, is the area where not many exploration activities have been conducted, and significant oil and natural gas discovery is expected.

“The success of this project will enhance INPEX’s asset portfolio and add to INPEX’s production volumes and reserves along the line with its “Medium- to Long-Term Vision of INPEX” announced in May 2012. INPEX hopes to further conduct exploration and development activities,” said INPEX in a press release.

Press Release, October 29, 2012

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 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 1 2 3 4 5 6

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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