Inpex awarded exploration block offshore Western Australia

Inpex Corp. subsidiary Inpex Browse E&P Pty Ltd. will pursue exploration activities offshore Western Australia after being awarded an exploration permit over Release Area AC22-1, now named AC/P71, in Australia’s 2022 Offshore Petroleum Exploration Acreage Release.

INPEX Browse will operate the block with 100% working interest.

The 920-sq km block lies off the northern coast of Western Australia in water depths of 100-300 m. It sits adjacent to the AC/RL7 Retention Lease in which INPEX acquired a 74% interest in 2023 and where natural gas and condensate fields have been discovered. AC/P71 is north of and in the general vicinity of the Ichthys gas-condensate field, which supplies natural gas to the Inpex-operated Ichthys LNG project.