Inpex Corp. has announced that its board of directors has voted to establish a wholly-owned finance subsidiary in Singapore.
The company hopes that the subsidiary will create a more efficient and centralised system to manage the Inpex Group’s intercompany finance operations. The move is also intended to strengthen the framework to support the financial administration of the Group’s projects in Asia and Oceania.
The subsidiary is expected to be established in December 2016.
Inpex said that it expects the establishment of the finance subsidiary to have a minimal impact on its consolidated financial results.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/28112016/inpex-establishes-finance-subsidiary/
This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »