INPEX gets exploration funds for deepwater Sabah
Japan Oil, Gas and Metals National Corp. (JOGMEC) will provide equity financing to INPEX Offshore North West Sabah for deepwater block S offshore Sabah, Malaysia.
The JOGMEC funding will cover as much as 50% of INPEX’s exploration spending on the project.
INPEX is the operator with 50% participating interest. Santos Sabah Block S Ltd. holds 25% and Petronas Carigali Sdn Bhd holds the remaining 25%.