Inpex acquires additional interest in Lucius deepwater Gulf of Mexico project

Inpex Corp.’s subsidiary, Teikoku Oil (North America) Co., Ltd. has acquired an additional participating interest in the Lucius deepwater Gulf of Mexico project.

Jul 9th, 2014

Offshore staff

TOKYO – Inpex Corp.’s subsidiary, Teikoku Oil (North America) Co., Ltd. has acquired an additional participating interest in the Lucius deepwater Gulf of Mexico project. INPEX’s participating interest in the project now stands at 7.75%.

A discovery was made at the Lucius prospect in December 2009. The discovery well encountered more than 200 ft (61 m) of net pay in subsalt Pliocene and Miocene sands. Lucius was drilled to a total depth of about 20,000 ft (610 m) by theENSCO 8500 semisubmersible. The project partners granted a final investment decision to develop the project in December 2011.

The development plan calls for six producing wells connecting to a23,000-ton spar with a production capacity of 80,000 b/d and 450 MMcf/d of natural gas. Production is scheduled to begin later this year.

The Lucius project, which includes portions of Keathley Canyon blocks 874, 875, 918 and 919, is located approximately 236 mi (380 km) southwest of Port Fourchon, Louisiana.

07/09/2014

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