Jan 28 (LNGJ) - Japanese LNG project developer Inpex Corp. has sold its 28.5 percent stake in an exploration and production licence offshore Western Australia to the local company Carnarvon Petroleum Ltd. The value of the transaction was not disclosed and covers its participating interest in Block WA-155-P, located about 50km offshore, where the water is around 70 metres to 190m deep. Quadrant Energy currently holds the majority stake in the block as operator. Carnarvon Petroleum and Quadrant said they were planning an oil development in the area.
Inpex sells licence stake
Written by John McKay
Thursday, 28 January 2016
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