Santos bags 20 per cent interest in Malaysia deepwater block


Dateline 2015-01-30, Oil & Gas Technology:

Inpex Corporation has announced that through its wholly-owned subsidiary, Inpex Offshore South West Sabah, Ltd., it has reached an agreement to transfer 10 per cent of its participating interest in the Deepwater Block R to Santos Sabah Block R Limited

Inpex Corporation has announced that through its wholly-owned subsidiary, Inpex Offshore South West Sabah, Ltd., it has reached an agreement to transfer 10 per cent of its participating interest in the Deepwater Block R to Santos Sabah Block R Limited

The block is located in offshore East Malaysia covers an area of 672 square kilometres with a water depth ranging from 100m to 1,400 metres

Santos Sabah Block R Limited also separately agreed to acquire a 10 per cent participating interest in the block from JX Nippon Oil & Gas Exploration (Deepwater Sabah), Limited (JX), bringing its total participating interest in the block to 20 per cent upon fulfilment of due procedures.

 

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