AUSTRALIA

Inpex bites off another chunk in Vulcan sub-basin

INPEX has consolidated its presence in the Vulcan sub-basin by taking a 50% stake in AC/P36 from the Australian subsidiary of Murphy Oil.

Inpex bites off another chunk in Vulcan sub-basin

The permit lies north of the Ichthys and Prelude fields, and covers an area of 1950 sq.km in water depths from 250m to 500m. Inpex Browse will operate the permit while Murphy Oil will retain a 50% stake...

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