INPEX CORPORATION (INPEX) announced that its subsidiary INPEX
Norway Co., Ltd. (INPEX Norway) has discovered oil and gas columns as a result of drilling the
36/7-5S exploration well from March until June 2024 at offshore block PL636 (hereinafter “block”)
in the Kingdom of Norway. INPEX Norway, which is co-owned by INPEX (50.5 percent) and
Idemitsu Kosan Co., Ltd. (49.5 percent), has a 30 percent participating interest in the block through
its Norwegian subsidiary INPEX Idemitsu Norge AS (IIN).
The block is located in the Norwegian North Sea and contains the Duva Oil and Gas Field, which
has been in production since 2021. As a result of drilling the well, INPEX confirmed the presence
of oil and gas columns with promising reservoir characteristics in the same Cretaceous sandstone
formation as the Duva Oil and Gas Field. INPEX will proceed with the analysis of the data obtained
through its exploration work and evaluate opportunities for development.
The block is located in close proximity to the production facilities, allowing for early development
and production. The discovery of the oil and gas columns at the block is expected to contribute to
enhancing the resilience of INPEX’s oil and gas business, an objective included in the company’s
Long-term Strategy and Medium-term Business Plan (INPEX Vision @2022) announced in
February 2022.
?PL636 block partners?
Vår Energi ASA 30 percent (Operator)
IIN 30 percent
PGNig Upstream Norge AS 30 percent
Sval Energi AS 10 percent