Inpex Secures Stakes in 2 Exploration Permits Offshore Western Australia
Japan's Inpex Corporation announced Tuesday that Inpex Browse E&P Pty Ltd (Inpex Browse), a subsidiary, was awarded exploration permits for Release Areas WA-513-P and WA-514-P (the Blocks) offshore Western Australia. Inpex Browse will hold a 40 percent participating interest in the Blocks while Santos, the Operator, will hold a 60 percent participating interest.
Blocks WA-513-P and WA-514-P cover an area of 129 square miles (335 square kilometers) and 160 square miles (415 square kilometers), respectively, where the water is approximately 984 to 1,312 feet (300 to 400 meters) deep, and are located about 310 miles (500 kilometers) north-northeast of Broome, off the coast of the state of Western Australia.
Inpex now holds 13 exploration permits or retention leases in the vicinity of the Ichthys gas-condensate field where as Operator it is developing the world-scale Ichthys liquefied natural gas (LNG) Project. Exploration of the Blocks will help Inpex maximize the potential value of the Ichthys LNG Project, in line with the company’s strategic objectives.
The Blocks are situated near large gas reserves that have been discovered, including the Ichthys gas-condensate field, as well as the Prelude and Concerto gas fields. Most recently, a gas discovery was made at the Lasseter-1/ST1 exploration well in block WA-274-P, partially adjacent to WA-513-P, as announced on Aug. 25, 2014.
Inpex is committed to further expanding its exploration and development activities in the Asia-Oceania region.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
- Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
- Subsea7 Secures Contract to Service Woodside's Trion
- These Factors Helped Brent Oil Price Break Above $85
- Imperial Pipeline in Winnipeg Goes Offline for Three Months
- Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
- Gaz System to Acquire Gas Storage Poland
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension