If ratified by the other partners and Australian regulatory authorities, INPEX subsidiaries would increase their stakes in the project to 67.82%.
The interests relate to offshore blocks WA-50-L and A-51-L including the Ichthys gas-condensate field and exploration permit WA-285-P, adjacent to WA-50-L.
In October 2022, Tokyo Gas announced its plan to sell the shares in its Australian project subsidiary holding theses interests to MidOcean Energy Holdings. INPEX subsequently exercised its pre-emptive rights under the various agreements to acquire the interests itself.