LogIn LogOut

Japan's Inpex Beefs Up Stake in Gulf of Mexico Fields

February 3, 2021

Lucius spar platform - Credit: Chris Reed/MarineTraffic.com
Lucius spar platform - Credit: Chris Reed/MarineTraffic.com

Japanese oil firm Inpex has increased its share in Lucius and Hadrian North fields in the U.S. Gulf of Mexico.

The company on Tuesday said it had acquired 2.3546% interest of the participating interest (23.29512%) in the Lucius and Hadrian North fields previously held by ExxonMobil. 

This acquisition increases Inpex's participating interest in the Lucius and Hadrian North fields from 7.75309 percent to 10.10769 percent. 

Under the operatorship of Occidental, INPEX and its project partners are jointly developing, producing, and marketing crude oil and natural gas from the Lucius Field located in the US Gulf of Mexico’s Keathley Canyon blocks 874, 875, 918 and 919 and the Hadrian North Field located in KC blocks 918 and 919.

The Lucius field is located about 380 kilometers offshore Louisiana, where the water is approximately 2,200 meters deep. Production of crude oil and natural gas at the Lucius Field began in January 2015. The Hadrian North Field, which lies in the vicinity of the Lucius Field, was unitized with the Lucius Field in 2017 and has been jointly developed with the Lucius field using the Lucius field’s spar platform. 

Production of crude oil and natural gas at the Hadrian North Field began in April 2019. The crude oil and natural gas produced from the two fields are processed at a production facility positioned offshore with a daily processing capacity of approximately 80,000 barrels of crude oil and approximately 4.5 million cubic feet of natural gas, transported and shipped to an onshore facility in Louisiana via subsea pipelines.

"INPEX’s acquisition of additional interest in the Lucius and Hadrian North fields contributes to the sustainable growth of oil and natural gas E&P activities, one of the business targets outlined in the company’s Vision 2040 announced in May 2018. Inpex will continue to actively take part in the exploration, development, and production of crude oil and natural gas in the Gulf of Mexico," Inpex said.Credit: Inpex



Current News

Boskalis Serves MMHE with Arbitration Notice, Seeking $12M for Bokor Project Delays

Boskalis Serves MMHE with Arbitration Notice, Seeking $12M for Bokor Project Delays

Emperor Energy Buys Judith Field Seismic Data. Gets More Time to Find Drilling Partner

Emperor Energy Buys Judith Field Seismic Data. Gets More Time to Find Drilling Partner

China: CNOOC Searching for Three Missing After Fire on Offshore Platform Doused

China: CNOOC Searching for Three Missing After Fire on Offshore Platform Doused

Velesto Secures 7-well Drilling Deal with Shell in Malaysia

Velesto Secures 7-well Drilling Deal with Shell in Malaysia

Australia: Santos Looking to Sell Down Stake in Dorado Offshore Oil Project

Australia: Santos Looking to Sell Down Stake in Dorado Offshore Oil Project

In Break with Rivals, Oxy CEO Says Carbon Tax Would be 'Bad'

In Break with Rivals, Oxy CEO Says Carbon Tax Would be 'Bad'

Chevron, Hokkaido Gas Ink LNG Supply Deal

Chevron, Hokkaido Gas Ink LNG Supply Deal

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com