Offshore Australia Block Goes to Inpex

A unit of Inpex Corp. has won an exploration permit for Block AC/P66 in Australia’s North West Shelf, the Japan-based company reported on the 12^th July.

Inpex stated that it will hold a 100-percent participating interest in the block, which is located in the Bonaparte Basin of the North West Shelf and encompasses a 1,336-square-mile (3,460-square-kilometre) surface area.

The firm added that the block, located in water depths ranging from 197 to 1,640 feet (60 to 500 metres), lies in the vicinity of the Laminaria and other discovered and developed oil fields.

According to Inpex, the North West Shelf is one of its priority exploration areas.

The company’s higher-profile operations in the region include the Van Gogh and Ravensworth oil fields, the Ichthys and Prelude liquefied natural gas projects and the Bayu-Undan development.

Source: Rigzone