Transfer of Ichthys project equity interest to Osaka Gas Co., Ltd

abarrelfullabarrelfull wrote on 06 Dec 2011 12:36
Tags: australia inpex lng osaka-gas total

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INPEX CORPORATION (INPEX) is pleased to announce today that INPEX Ichthys Pty Ltd and other project group companies have reached an agreement with Osaka Gas Co., Ltd. to transfer its 1.2% of Ichthys project equity interest(*).

Based on the agreement, Ichthys project equity interest will be as follows:

  • INPEX - 74.8%
  • TOTAL - 24%
  • Osaka Gas - 1.2%

(*) Ichthys project equity interest includes the following elements:
1. Participating interest of WA-37-R (Ichthys gas-condensate field)
2. Participating interest of WA-285-P (exploration permit adjacent to WA-37-R)
3. Shares of Ichthys LNG Pty Ltd (natural gas liquefaction and LNG marketing company)
The Ichthys Project Joint Venture is seeking the continued support from the Australian Government, the Northern Territory Government and other stakeholders for early and optimal commercial gas production from the Ichthys Project.

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