Inpex Gets Further Australia Acreage
Japan’s Inpex Corporation March 19 said it has been awarded an exploration permit for Release Area WA-533-P as operator in Australia’s 2017 Offshore Petroleum Exploration Acreage Release.
Its subsidiary, Inpex Browse will hold a 100% participating interest in the block, which is located off the northern coast of Western Australia and covers a surface area of 12,402 km2. The block lies on an offshore extension of the onshore Canning Basin where promising oil and gas fields have been discovered and developed, Inpex said.
With the awarding of this exploration permit, the total number of offshore exploration blocks held by Inpex in Australia increases to 22.