INPEX gets exploration funds for deepwater Sabah

Offshore staff

TOKYO – Japan Oil, Gas and Metals National Corp. (JOGMEC) will provide equity financing to INPEX Offshore North West Sabah for deepwater block S offshore Sabah, Malaysia.

The JOGMEC funding will cover as much as 50% of INPEX’s exploration spending on the project.

INPEX is the operator with 50% participating interest. Santos Sabah Block S Ltd. holds 25% and Petronas Carigali Sdn Bhd holds the remaining 25%.

02/11/2015

Deepwater block S offshore Sabah, Malaysia

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