Project Profile
Location: 434.96 miles (700 km) north of Irkutsk city, Irkutsk Oblast, Russian Federation
Area: 1,276.84 square miles (3,307 sq. km)
Start-up Year: -
Inpex Corporation and Itochu Corporation participated in the bid held by Japan Oil, Gas and Metals National Corporation (Jogmec) for the sale of part of its share (340 shares, 100%) in its wholly-owned subsidiary, Japan South Sakha Oil Co., Ltd. (Jassoc). Jassoc has been conducting exploration works in the Bolshetirsky block (BT block) in Irkutsk Oblast, Russian Federation. Consequently Inpex and Itochu were successful to own 42 shares (12.4%) and 43 shares (12.6%), respectively, of Jassoc shares.
BT block is an onshore block located approximately 434.96 miles (700 kilometres) north of Irkutsk city and cover the area of 1,276.84 square miles (3,307 square kilometres). Jassoc has been conducting exploration works in this block through Ink-Zapad (a 49-51% joint venture between Jassoc and Irkutsk), and discovered oil and natural gas at exploratory wells. Inpex, Jogmec and Itochu will further conduct exploration works for possible development.
Operators:
Ink-Zapad: Operator with 100% interest (Jassoc with 49% and Irkutsk Oil Company (INK) 51%)
Jassoc Joint Venture:
Jogmec: 75% interest
Inpex: 12.4% interest
Itochu: 12.6% interest