INPEX Corporation has signed a share purchase agreement to acquire the remaining 49% stake in INPEX South West Caspian Sea Petroleum Co., Ltd. (ISWCS), making it a wholly owned subsidiary. The shares are being acquired from Japan’s Ministry of Economy, Trade and Industry (METI) through an open bid process. Financial terms were not disclosed. Through ISWCS, […]
“The Indonesian government requests an acceleration of the project, which I understand, because Indonesia needs a lot of energy to feed its economic growth,” Takayuki Ueda, Chief Executive Officer of the Japanese oil and gas producer, said in an interview on the sidelines of the Energy Intelligence Forum in London. “We try our best, but it’s very challenging.”
Japanese oil and gas explorer and producer Inpex Corp. has secured rights to explore the Serpang Working Area offshore Eastern Java in Indonesia. Inpex said in a media release it had won the award in Indonesia’s second Petroleum Bidding Round 2024, hosted by the Ministry of Energy and Mineral Resources.