Inpex, Santos Get Approval to Explore Permit WA-502-P Offshore WA
Inpex Corporation (Inpex ) reported Friday that its subsidiary, Inpex Browse E&P Pty Ltd (Inpex Browse), has been granted Release Area WA-502-P (the Block) as an exploration permit following the 2013 Australian Offshore Petroleum Acreage Release.
Inpex Browse will hold a 40 percent participating interest in the Block while Santos will hold a 60 percent participating interest as an operator.
The Block will constitute Inpex’s 10th exploration permit close to the Ichthys gas-condensate field where Inpex group companies conduct its development as an operator (the Ichthys LNG Project).
The Block, is approximately 295 miles (475 kilometers) north-northeast of Broome, off the coast of the state of Western Australia, and covers an area of 224 square miles (581 square kilometers) with a water depth of approximately 1,312 feet (400 meters) to 1,640 miles (500 meters).
Large gas reserves have been discovered southeast of the Block in the Ichthys gas-condensate field, the Prelude and Concerto gas fields. Inpex, through its subsidiary company, also participates in Shell’s development of the Prelude and the Concerto gas fields that will utilize FLNG (Floating LNG) engineering technology.
The Block is adjacent to the southern side of Exploration Permit WA-274-P* where the Crown gas discovery was made in 2012.
*Inpex Browse holds a 20 percent participating interest in WA-274-P alongside Santos that holds a 30 percent interest (Operator), and Chevron that holds a 50 percent interest.
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.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension