INPEX Joins Mine Exploration Project in Western Australia.Tokyo, Japan, Aug 3, 2006 - (JCN JCN Japan Corporate News
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JCN joint communications network (US DoD) ) - INPEX INPEX Information Nouveautés Pharmaceutiques Holdings Inc. announced on July 27 that wholly subsidiaries INPEX Browse and INPEX Alpha had acquired a 35% interest of the WA-357-P, a 20% interest in each of the WA-274-P and WA-281-P located in the offshore North West Shelf, Western Australia., where giant Ichthys field was discovered in the petroliferous Petroliferous is a word used to describe a rock or geologic formation containing or yielding petroleum.
See Bituminous rocks Browse Basin.
The acquisitions have been approved by the Commonwealth and Western Australian Government. Regarding the WA-274-P area, INPEX Browse acquired 20% interest from the operator, Coveyork Pty. Ltd, a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Santos Limited (Santos).
Santos will have a 30% interest in the permit after the transfer, while Unocal Western Australia Pty Ltd, holds the remaining 50% interest. INPEX Holding makes its effort to expand the oil and gas assets in Australia through an acquisition of three exploration areas.
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