Inpex gets two exploration blocks offshore Malaysia
Japan’s Inpex Corporation has been awarded two offshore exploration licences under Malaysia Bid Round 2022, the company said on February 15
Inpex has executed production sharing contracts with Petronas, Petronas Carigali (PCSB) and Petroleum Sarawak Exploration & Production (PSEP) through its subsidiaries Inpex Malaysia E&P 4E and Inpex Malaysia E&P SK418.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
The PSCs cover Block 4E and Block SK418, offshore hydrocarbon exploration licenses located northeast of Sarawak in Malaysia that were recently awarded following Petronas’ Malaysia Bid Round 2022.
Block 4E and Block SK418 are the first exploration licenses awarded to Inpex in Malaysia since the company’s successful bid for two exploration licenses off the coast of Sabah in 2012.
“The newly acquired licences are expected to contribute to Inpex’s shift to natural gas as outlined in Inpex Vision @2022 announced in February 2022 as well as expand the company’s operations in Southeast Asia, one of its core business areas,” the Japanese company said.
Inpex will be the operator of Block 4E with 52.5% interest while PCSB and PSEP will have 40% and 7.5% interest, respectively. The ownership structure of Block SK418 is the same as Block 4E.