INPEX negotiates farm-ins to multiple Norwegian production licenses
INPEX Idemitsu Norge has agreed to two license transactions offshore Norway with Norwegian independent Pandion Energy, according to a July 22 news release.
The company will take a 10% share in four licenses covering the Aker BP-operated Valhall and Hod oil and gas fields in the southern North Sea and 20% in two licenses containing the Mistral and Slagugle oil and gas discoveries in the Norwegian Sea.
Equinor operates PL 1119 (Mistral) in partnership with OKEA, while ConocoPhillips Skandinavia operates PL 891 and PL 891 B50 (Slagugle).
INPEX already held stakes in various licenses throughout the Norwegian Continental Shelf, including shares in producing fields in the northern Norwegian North Sea.
The acquisitions should lift its oil and gas output in Norway from 23,000 boe/d to 27,000 boe/d, with development potential at Mistral and Slagugle and further exploration and development potential in surrounding areas.