Inpex dips into another exploration license off Norway

Inpex dips into another exploration license off NorwayImage courtesy of Inpex

Japan’s Inpex said its Norwegian unit Inpex Norge has been awarded exploration license PL950 in the western Barents Sea offshore Norway as part of the country’s 2017 licensing round.

The annual Awards in Predefined Areas (APA) licensing rounds promote further exploration of blocks in previously explored, mature areas by allowing tenders to be submitted for any acreage within predefined areas where licenses have not been awarded.

The License provides the groundwork for Inpex’s second exploration project in Norway following the company’s acquisition of exploration license PL767 also in the western Barents Sea, and is expected to contribute to the further enhancement of Inpex’s global project portfolio.

Inpex will next follow the required administrative procedures involving Norwegian government authorities, Lundin Norway, the operator of the License and a unit of Lundin Petroleum, as well as Petoro AS, a partner, prior to assessing the possibility of discovering hydrocarbon deposits through exploration activities.

The license is located in the western Barents Sea approximately 70 kilometers offshore Norway and covers a surface area of approximately 190 square kilometers where the water depth ranges between approximately 130 and 200 meters. License shareholders include Lundin (50 percent), Petoro (20 percent) and Inpex (30 percent).

Share this article

Follow LNG World News

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >