According to the company’s website news release on February 15, 2023, INPEX CORPORATION (INPEX) announced it has executed Production Sharing Contracts (PSC) with Petroliam Nasional Berhad (PETRONAS), PETRONAS Carigali Sdn. Bhd. (PCSB) and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) through its subsidiaries INPEX Malaysia E&P 4E Sdn. Bhd. and INPEX Malaysia E&P SK418 Sdn. Bhd. The PSCs cover Block 4E and Block SK418, offshore hydrocarbon exploration licenses located northeast of Sarawak in Malaysia that were recently awarded to INPEX following PETRONAS’ Malaysia Bid Round 2022.
Block 4E and Block SK418 are the first exploration licenses awarded to INPEX in Malaysia since the company’s successful bid for two exploration licenses off the coast of Sabah in 2012. The newly acquired licenses are expected to contribute to INPEX’s shift to natural gas as outlined in INPEX Vision @2022 announced in February 2022 as well as expand the company’s operations in Southeast Asia, one of its core business areas. INPEX will continue to actively engage in further strengthening its business in Malaysia using the licenses as a platform.
About INPEX
INPEX CORPORATION is Japan’s largest exploration and production (E&P) company, and is currently involved in projects across multiple continents, including the Ichthys LNG Project in Australia as Operator. By thoroughly making its oil and gas business cleaner while expanding its 5 net zero business areas, INPEX aims to provide a stable supply of diverse and clean energy sources including oil, natural gas, hydrogen and renewables as a pioneer in energy transformation. For more information, visit https://www.inpex.co.jp/english/index.html.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233
