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  • INPEX Acquires Keathley Canyon Blocks 921/965, Walker Ridge Blocks 881/925 in US Gulf of Mexico
    édité le 26/07/2019 - Plus de news de "INPEX" - Voir la fiche entreprise de "INPEX"


INPEX Acquires Keathley Canyon Blocks 921/965, Walker Ridge Blocks 881/925 in US Gulf of Mexico
INPEX CORPORATION (INPEX) announced that its subsidiary INPEX US Offshore, LLC has reached an agreement with Anadarko Petroleum Corporation (Anadarko) to acquire a 40 percent participating interest in Keathley Canyon blocks 921 and 965 as well as Walker Ridge blocks 881 and 925 (hereinafter referred to collectively as the Blocks) in the US Gulf of Mexico. Anadarko is an American independent oil and natural gas exploration and production company.


and cover an area of 93.2 square kilometers where the water depth ranges between approximately 2,150 and 2,700 meters. The Blocks lie in the vicinity of the Lucius Oil Field and Hadrian North Oil Field, which are both producing oil fields in which INPEX has participating interests through its subsidiary. INPEX plans to drill an exploration well at an early stage in partnership with the operator, Anadarko, subject to INPEX and Anadarko Management approvals and further evaluation work.

As stated in its “Medium-term Business Plan,” INPEX positions the Gulf of Mexico as one of the company’s priority exploration areas. The acquisition of the Blocks is also aligned to INPEX’s pursuit of the “sustainable growth of oil and natural gas E&P activities,” one of the growth targets outlined in the company’s “VISION 2040” announced in May 2018.

The impact of this acquisition on the company’s consolidated financial results for the year ending December 2019 is expected to be minimal.

About the Blocks

- Name of the blocks: KC921, KC965, WR881, WR925
- Blocks location: Southern part of US Gulf of Mexico
- Area Approximately: 93.2 square kilometers
- Water depth range: Approximately 2,150~2,700 meters
- Participating Interest: Anadarko (Operator): 60% - INPEX: 40%

About INPEX

INPEX CORPORATION is Japan’s largest exploration and production (E&P) company, and a mid-tier E&P player just behind the world’s oil majors. INPEX is currently involved in approximately 70 projects across more than 20 countries, including the Ichthys LNG Project in Australia as Operator. Through sustainably growing its oil and gas development business, developing a global gas value chain business and reinforcing its renewable energy initiatives, INPEX aims to become a leading energy company and continue providing a stable and efficient supply of energy to its customers.

About Anadarko

Anadarko Petroleum Corporation's (NYSE: APC) mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2018, the company had approximately 1.47 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies.


Origine : Communiqué INPEX

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