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