Inpex said that it has established a wholly-owned Norwegian resident subsidiary company, Inpex Norge, and opened its first office in the Kingdom of Norway in Oslo.
Through this most recently added office in Oslo, Inpex will promote oil and natural gas exploration and production activities in the Norwegian offshore area, in which the company recognizes high potential for oil and natural gas discoveries.
Since the 1960s, many oil companies have conducted exploration of the Norwegian offshore area, and several large-scale oil and gas fields were discovered in the central and southern parts of this offshore area. Furthermore, in recent years, and as a result of active exploration activities, significant reserves of oil and natural gas have been discovered in the Barents Sea, the northeastern part of the Norwegian offshore area.
Press Release, June 11, 2014