Inpex bags exploration blocks offshore Western Australia
TOKYO -- Inpex Corp.'s subsidiary, Inpex Browse E&P, has been awarded exploration permits for release areas WA-513-P and WA-514-P.
Blocks WA-513-P and WA-514-P cover areas of 335 km2 and 415 km2, respectively, where the water is approximately 300 to 400 m deep, and are located about 500 km north-northeast of Broome, off the coast of the state of Western Australia.
Inpex now holds thirteen exploration permits or retention leases in the vicinity of the Ichthys gas-condensate field where, as operator, it is developing the Ichthys 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.
Inpex Browse will hold a 40% participating interest in the blocks while Santos, the operator, will hold a 60% participating interest.
