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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.

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 May 2018)
Blocks 874/875/918/919
(Lucius Project)
In production
-Crude oil: 73 Mbbld
-Natural gas: 75 MMcf/d
Teikoku Oil (North America) Co., Ltd.
(May 30, 2003)
Teikoku Oil (North America) 7.75309%
Anadarko* 48.95179%
Other 43.29512%
Block 3
(Perdido Fold Belt)
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%
Block22
AP-CS-G03
INPEX E&P Mexico 35%
*Chevron 37.5%
Pemex 27.5%

In August 2012, INPEX joined the deep-water Lucius Project 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 January 2015.

In 2016 and 2018, INPEX made successful joint bids in Mexico’s first (R1.4) and second (R2.4) deep-water exploration bidding rounds in partnership with Chevron Energia de Mexico, S de R.L. de C.V. (Chevron) and Pemex Exploracion y Produccion (Pemex) for Block 3 located in the Perdido Fold Belt in the Mexican sector of the northern Gulf of Mexico and Block 22 AP-CS-G03 located in the Mexican sector of the southern Gulf of Mexico, respectively. INPEX and its partners are currently conducting exploration activities in these blocks.

Lucius Oil Field

Lucius Project

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 Japao Petroleo Limitada (FJPL)
(July 5, 1999)
*Frade Japao Petroleo 18.2609%
*Chevron 51.7391%
Petrobras 30.0000%
BM-ES-23 Under exploration (Oil/gas reservoirs confirmed) INPEX Petroleo Santos Ltda.
(January 19, 2007)
INPEX Petroleo Santos 15%
*Petrobras 65%
PTTEP 20%

A joint venture established by INPEX and Sojitz Corporation, Frade Japao Petroleo 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 Espirito 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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