Inpex Plans Four-well Masela Program

The Japanese production sharing contractor Inpex plans to spend US$88 million in Indonesia's offshore Masela block, Indonesian oil and gas regulator BP Migas reported.

"We plan to drill four wells," said Hirohisa Ota, Inpex's Jakarta general manager, on the sidelines of the 31st Oil and Gas Industries Convention and Exhibition last week. "Each is expected to cost US$22 million."

BP Migas said that Inpex is also studying several options to build a terminal to process gas from the block.

Previously, BP Migas Chairman Kardaya Warnika had affirmed that gas from Masela—located in the TImor Sea—will not be processed in Australia. Because of this government decision, Inpex must build a gas processing terminal in Indonesia. Inpex is still conducting studies to determine where and what kind of facility to build.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit