Japan’s Inpex has reached an agreement with Anadarko Petroleum to acquire a 40 percent participating interest in Keathley Canyon blocks 921 and 965 as well as Walker Ridge blocks 881 and 925 in the U.S. Gulf of Mexico.
The remaining 60% interest in the blocks is held by Anadarko.
The Blocks are located approximately 380 kilometers off the coast of the State of Louisiana and cover an area of 93.2 square kilometers where the water depth ranges between approximately 2,150 and 2,700 meters.
Inpex said on Friday that the Blocks lie in the vicinity of the Lucius Oil Field and Hadrian North Oil Field, which are both producing oil fields in which Inpex has participating interests through its subsidiary.
Inpex plans to drill an exploration well at an early stage in partnership with the operator, Anadarko, subject to Inpex and Anadarko management approvals and further evaluation work.
Inpex explained that the acquisition of the Blocks is aligned with its pursuit of the “sustainable growth of oil and natural gas E&P activities,” one of the growth targets outlined in the company’s “VISION 2040” announced in May 2018.
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