INPEX Commences Oil Production at Coniston Oil Field, Australia

Source: www.gulfoilandgas.com 5/11/2015, Location: Not categorized

INPEX Corporation (INPEX) announced that, through its wholly owned subsidiary INPEX Alpha, Ltd., it commenced oil production from the Coniston Oil Field offshore Western Australia on May 10, 2015. The Coniston Oil Field covers an area of 45 km2 saddling blocks WA-35-L and WA-55-L where the water is 380 m deep. The field is located 6km north of the Van Gogh Oil Field where INPEX is engaged in oil production activities.

The Coniston Oil Field project is operated by Apache, which owns a participating interest of 52.501%. INPEX holds the remaining 47.499%. The partners made a final investment decision on the project in December 2011.Oil produced from the field is processed and store dat the floating production, storage and offloading (FPSO) vessel servicing the Van Gogh Oil Field. The average production rate during the first year is expected to amount toapproximately18, 000 barrels of oil per day.

INPEX is committed to further expanding its exploration and development activities in the Asia-Oceania region.


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