Inpex Corp. has announced that its subsidiary, Inpex Browse E&P Pty Ltd, has been awarded exploration permits for Release Areas WA-513-P and WA-514-P. Inpex Browse will hold a 40% participating interest in the blocks while Santos, the operator, will hold a 60% participating interest.
Blocks WA-513-P and WA-514-P cover an area of 335 km2 and 415 km2, respectively, located approximately 500 km north-northeast of Broome, off the coast of the state of Western Australia.
Inpex now holds 13 exploration permits or retention leases in the vicinity of the Ichthys gas-condensate field, where it is developing the Ichthys LNG project.
Exploration of the blocks will help Inpex maximise 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.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/24022015/inpex-awarded-further-exploration-permits-306/