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    Inpex to explore for oil, gas offshore Japan

Summary

The project was last month selected as eligible to receive equity financing from the Japan Oil, Gas and Metals National Corp.

by: Shardul Sharma

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Inpex to explore for oil, gas offshore Japan

Japanese energy firm Inpex plans to explore for oil and natural gas offshore Shimane and Yamaguchi prefectures, it said on January 17.

Since the early 2010s, Inpex has conducted geophysical exploration and evaluation activities in areas offshore Shimane and Fukuoka prefectures where the presence of oil and gas fields is expected, it said. Based on the results of these activities, the company conducted exploratory offshore drilling operations in 2016.

“The results of these drilling operations, as well as subsequent geophysical exploration and evaluation activities, have raised expectations for the location of oil and natural gas resources offshore Shimane and Yamaguchi prefectures, which has led to the planned implementation of the project,” Inpex said.

The project was last month selected as eligible to receive equity financing from the Japan Oil, Gas and Metals National Corp.