Inpex finds oil offshore Malaysia

Kuala Lumpur: Japan’s Inpex has announced today that it has discovered oil at the Bestari-1 exploration well in Deepwater Block R offshore East Malaysia. The company has a participating interest in the block through its wholly-owned subsidiary, Inpex Offshore South West Sabah.

Inpex currently owns a 27.5% participating interest in the block, where it conducts exploration activities alongside operator JX Nippon Oil & Gas Exploration (Deepwater Sabah) Limited, Petronas, and Santos Sabah Block R Limited, which own participating interests of 27.5%, 25% and 20%, respectively.

Inpex and its partners will analyse and evaluate the data retrieved from the well, and proceed with plans to drill two exploratory wells to assess the possibility of new oil and natural gas deposits.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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