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Shale Gas Project in Canada

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Contract area(block) Project status Venture company(established) Interest owned(*Operator)
(As of June 30, 2017)
Horn River,
Cordova and Liard areas
In production
-partly
INPEX Gas British Columbia Ltd.
(November 28, 2011)
INPEX Gas British Columbia 40%
NEXEN* 60%
Shale Gas Project

In August 2012, INPEX acquired a 40% interest in the shale gas projects in the Horn River, Cordova and Liard basins in British Columbia, Canada, from Nexen Inc.

Some production is under way, and INPEX is examining whether to perform more development work and implement studies to consider commercialization to export shale gas as LNG from the Canadian west coast.

Shale Gas Project

Drilling site

Gulf of Mexico Projects and Others

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Contract area(block) Project status
(production on the basis of all fields and average rate of FY2016)
Venture company(established) Interest owned(*Operator)
(As of June 30, 2017)
Blocks 874/875/918/919
(Lucius Oil Field)
In production
-Crude oil: 73 Mbbld
-Natural gas: 75 MMcf/d
Teikoku Oil (North America) Co., Ltd.
(May 30, 2003)
Teikoku Oil (North America) 7.8%
Anadarko* 23.8%
Other 68.4%
Mexican sector of the northern Gulf of Mexico Block 3 Under exploration INPEX E&P Mexico S.A. de C.V.
(January 25, 2017)
INPEX E&P Mexico 33.3333%
*Chevron 33.3334%
Pemex 33.3333%

In August 2012, INPEX joined the deepwater Lucius Oil Field in the Gulf of Mexico and acquired a 7.2% interest from U.S.-based Anadarko Petroleum Corporation. Oil and gas production at the Lucius Oil Field has proceeded steadily since its commencement in January 2015.

In December 2016, INPEX, Chevron Energia de Mexico, S de R.L. de C.V. (Chevron) and Pemex Exploración y Producción (Pemex) made a successful joint bid for the first round of deepwater exploration of Block 3 located in the Perdido Fold Belt in the Mexican sector of the northern Gulf of Mexico. INPEX holds a 33.3333% participating interest, and is conducting exploration activities.

Lucius Oil Field

Lucius Oil Field

Brazil (Frade Project and Others)

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Contract area(block) Project status
(production on the basis of all fields and average rate of FY2016)
Venture company(established) Interest owned(*Operator)
(As of June 30, 2017)
Frade Project In production
-Crude oil: 22 Mbbld
-Natural gas: 2 MMcf/d
Frade Japão Petróleo Limitada (FJPL)
(July 5, 1999)
*Frade Japão Petróleo 18.2609%
*Chevron 51.7391%
Petrobras 30.0000%
BM-ES-23 Under exploration (Oil/gas reservoirs confirmed) INPEX Petróleo Santos Ltda.
(January 19, 2007)
INPEX Petróleo Santos 15%
*Petrobras 65%
PTTEP 20%

A joint venture established by INPEX and Sojitz Corporation, Frade Japão Petróleo Limitada (FJPL) acquired an interest in the Frade Project in Brazil’s offshore Northern Campos basin in July 1999. Commercial production started in June 2009. Crude oil production was temporarily suspended in March 2012 due to the presence of a small oil sheen but safely resumed at the end of April 2013.

Having also acquired a 15% interest in the BM-ES-23 concession in the Espírito Santo Basin off the southeast coast of Brazil in February 2010, the Company is advancing exploration activities together with other companies, including the operator, Petrobras. The presence of quality oil and gas deposits has been confirmed at the same concession as a result of exploratory and appraisal well drilling. Evaluation work continues.

Frade FPSO

FPSO vessel in the Frade Block

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