Project Profile
Location: 550km north-northeast of Broome, off the coast of Western Australia
Water depth: 250 - 500m
Area: 1,950km2
AC/P36 is located approximately 550km north-northeast of Broome, off the coast of Western Australia, and covers an area of 1,950km2, with a water depth ranging from 250m to 500m. To the south of AC/P36 lie several large gas-condensate fields, including the Ichthys gas-condensate field which INPEX operates and is developing as the large-scale Ichthys LNG Project, and the Prelude and Concerto gas fields which INPEX and Shell are developing as the Prelude FLNG Project.
INPEX of Japan through its subsidiary INPEX Browse has acquired a 50% participating interest, together with the operatorship, in the exploration block AC/P36 offshore Western Australia from Australian subsidiaries of Murphy Oil Corporation. This transaction is subject to the satisfaction of certain conditions including approval by the Australian government. Being operator of AC/P36, INPEX Browse will significantly contribute to further exploration work by utilizing the experience it has accumulated in the Ichthys LNG Project. INPEX Browse will operate AC/P36 with a 50% participating interest while Murphy holds the remaining 50% participating interest, and plans to carry out exploration activities including drilling of one exploratory well.
Operators:
INPEX Browse: Operator with 50% interest
Murphy: 50% interest