Europe

Main projects
Snorre and Other Projects in Norway
Snorre Project
Contract area (block) |
Project status | Venture company (established) |
Interest owned (*Operator) |
---|---|---|---|
PL057 | In production (Snorre) | INPEX Idemitsu Norge AS (September 25, 1989) |
INPEX Idemitsu Norge AS 9.6% Equinor* 31.0% Petoro 30.0% Wintershall Dea 24.5% Vår 4.9% |
PL089 | In production (Snorre, Tordis, Vigdis) | INPEX Idemitsu Norge AS 9.6% Equinor* 41.5% Petoro 30.0% Vår 16.1% Wintershall Dea 2.8% |
Central Hub for Business in Europe
INPEX operates multiple projects through INPEX Idemitsu Norge AS (IIN), a wholly owned local subsidiary of INPEX Norway. IIN owns interests in many oil and natural gas production and exploration blocks in the northern North Sea, northern Norwegian Sea and Barents Sea. The largest producer among these is the Snorre Oil Field, which commenced production in 1992. Production is underway at eight other oil fields including the Fram Oil Field, Vega Gas/Condensate Field and Duva Oil and Gas Field. A large portion of the crude oil and natural gas produced is sold to the European market, making INPEX an integral part of the energy supply in Europe.
The World’s First Floating Wind Farm Starts Power Supply to Oil and Gas Installations in Production
In May 2023, INPEX started supplying power to the Snorre Project from the Hywind Tampen floating wind farm built nearby. To reduce CO2 emissions associated with production operations, the floating wind farm was built in collaboration with the Gullfaks oil field project located nearby, and it supplies approximately 35% of the electricity required for the production operations of both projects. This is the world’s first floating wind farm to power oil and gas installations in production.
The Hywind Tampen floating wind farm is one of the largest of its kind in the world and consists of 11 wind turbines with a combined power generation capacity of 88 megawatts. It began supplying electricity to the Gullfaks oil field project in November 2022. The supply of offshore wind power to the Gullfaks and Snorre projects is expected to reduce approximately 200,000 tons of CO2 emissions per year by replacing a portion of the electricity needed for production at the projects, which had previously been powered solely by offshore gas turbines.

Other projects
Contract area (block) |
Project status | Venture company (established) |
Interest owned (*Operator) |
---|---|---|---|
PL090, PL090E |
In production (Fram) | INPEX Idemitsu Norge AS | INPEX Idemitsu Norge AS 15% *Equinor 45.0% Vår 25.0% Neptune 15.0%% |
PL090B | In production (Byrding) | INPEX Idemitsu Norge AS 15% *Equinor 70.0% Neptune 15.0% |
|
PL090G | In production (Fram H-Nord) | INPEX Idemitsu Norge AS 40% *Equinor 45.0% Neptune 15.0% |
|
PL090C | In production (Vega) | INPEX Idemitsu Norge AS 15% *Wintershall Dea 45.0% Spirit 25.0% Neptune 15.0% |
|
PL636, PL636B, PL636C |
In production (Duva), under exploration | INPEX Idemitsu Norge AS 30% *Neptune 30.0% PGNiG 30.0% Sval 10.0% |
|
PL537, PL537B |
Development scenario studies ongoing (Wisting) | INPEX Idemitsu Norge AS 10% *Equinor 35% Lundin 35% Petoro 20% |
|
PL882 | Under development study (Dugong), under exploration | INPEX Idemitsu Norge AS 20% *Neptune 45.0% Petrolia NOCO 20.0% Concedo 15.0% |
|
PL090I | Under development study (Blasto), under exploration | INPEX Idemitsu Norge AS 15% *Equinor 45.0% Vår 25.0% Neptune 15.0% |
|
PL090JS | Under development study (Grosbeak) | INPEX Idemitsu Norge AS 40% *Equinor 40.0% Neptune 15.0% Wellesley 5.0% |
|
PL293B, PL293CS |
Under development study (Kveikje, etc.), under exploration | INPEX Idemitsu Norge AS 10% *Equinor 51.0% DNO 29.0% Longboat 10.0% |
|
PL318, PL318B, PL318C |
Under development study (Peon) | INPEX Idemitsu Norge AS 20% *Equinor 60.0% Petoro 20.0% |
|
PL609, PL609B, PL609D |
Under development study (Alta, Neiden) | INPEX Idemitsu Norge AS 15% *Lundin 55.0% Wintershall Dea 30.0% |
|
PL090HS | Under exploration | INPEX Idemitsu Norge AS 15% *Equinor 45.0% Other 40% |
|
PL1133 | INPEX Idemitsu Norge AS 10% *Lundin 35.0% Other 55% |
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PL1153 | INPEX Idemitsu Norge AS 30% *Aker BP 40.0% Other 30% |
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PL1170 | INPEX Idemitsu Norge AS 10% *Lundin 35.0% Other 55% |
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PL1016 | INPEX Idemitsu Norge AS 40% *OMV 60.0% |
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PL1129 | INPEX Idemitsu Norge AS 30% *Wintershall Dea 40.0% Lundin 30.0% |
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PL1179 | INPEX Idemitsu Norge AS 15% *Equinor Energy AS 45% Vår Energi ASA 25% Neptune Energy Norge AS 15% |
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PL1194 | INPEX Idemitsu Norge AS 30% *OOMV(Norge) AS 40% Vår Energi ASA 30% |
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PL1217 | *INPEX Idemitsu Norge AS 40% Neptune Energy Norge AS 20% Petoro AS 20% Aker BP ASA 20% |
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PL1219 | INPEX Idemitsu Norge AS 50% *Neptune Energy Norge AS 50% |
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PL1233 | INPEX Idemitsu Norge AS 50% *OMV (Norge) AS 50% |
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PL1231 | INPEX Idemitsu Norge AS 30% *OMV (Norge) AS 40% Vår Energi ASA 30% |
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PL1194B | INPEX Idemitsu Norge AS 30% *OMV (Norge) AS 40% Vår Energi ASA 30% |

Aiming to Develop Multiple Discovered and Undeveloped Oil and Gas Fields
INPEX participated in Norway’s Awards in Predefined Areas (APA) 2023 licensing round through IIN and was awarded five production licenses in blocks located in the northern North Sea, southern Norwegian Sea and northern Norwegian Sea. IIN is involved in stable production operations at the existing Fram and Snorre Oil Fields while actively promoting exploration activities. The awarded licenses are expected to contribute to the further expansion of INPEX’s business portfolio. INPEX will continue to consider development of multiple discovered yet undeveloped oil and gas fields and aim for the stable supply of energy in this region.
INPEX’s Endeavors in Leading CCS Countries
Norway counts oil and gas development as a key business, but it is also a developed country in terms of initiatives in renewable energy development including offshore wind farms and low carbonization and decarbonization initiatives including CCS projects which separate CO2 and inject and store it underground. Going forward, INPEX also will pursue opportunities to participate in decarbonization projects in this region and promote cleaner business.
Offshore Wind Power Generation Business in the Netherlands
Contract area (block) |
Project status | Venture company (established) |
Shareholders |
---|---|---|---|
Luchterduinen (Q10) | In commercial operation | INPEX Europe Limited (November 17, 2021) |
INPEX Renewable Energy Europe Limited 50% Eneco 50% |
Borssele III/IV (B34) | INPEX Renewable Energy Europe Limited 15% Eneco 10% Shell 20% Luxcara 10% Partners Group 25% Swiss Life Asset Managers 20% |
INPEX entered in December 2021 a stock transfer agreement with Diamond Generating Europe B.V. (DGE-NL), a Dutch registered, wholly owned second generation subsidiary of Mitsubishi Corporation, and, after approval by concerned parties, acquired a 50% stake in the Luchterduinen offshore wind farm in February 2022 and a 15% stake in the Borssele III/IV offshore wind farm in March 2022, both operating off the coast of the Netherlands. The Luchterduinen offshore wind farm is located 23 kilometers offshore Noordwijk and has been in commercial operation since September 2015 with an output scale of 129 megawatts produced by 43 3-megawatt units. The Borssele III/IV offshore wind farm is located 22 kilometers off the coast of Westkapelle and has been in commercial operation since January 2021 with an output scale of 731.5 megawatts produced by 77 9.5-megawatt units.


Offshore Wind Power Generation Business in the UK
Contract area (block) |
Project status | Venture company (established) |
Shareholders |
---|---|---|---|
Moray East Offshore Wind Farm | In commercial operation | INPEX Europe Limited (November 17, 2021) |
Ocean Winds 56.6% China Three Gorges Corporation 10% DGL*33.4 %** |
- *Diamond Green Limited (intermediate holding company invested in by DGI)
- **DGI has a 16.7% stake
In March 2023, INPEX acquired a 16.7% stake in the Moray East Offshore Wind Farm, which is currently in operation in the Moray Firth, approximately 22 kilometers off the coast Scotland in the UK. The acquisition was enabled through an agreement between INPEX Renewable Energy Europe Limited (INPEX Renewable) and Diamond Generating Europe Limited (DGE), a subsidiary of Mitsubishi Corporation registered in the UK, to transfer stock in Diamond Generating Europe Investments Limited (DGI) from DGE to INPEX Renewable, which was established in the UK to promote INPEX’s renewable energy business in Europe. The Moray East offshore wind farm has been in commercial operation since April 2022 with an output scale of 950 megawatts produced by 1009.5-megawatt units.

