BAKU, Azerbaijan, March 25. INPEX Corporation
has entered a farm-in agreement through its Australian subsidiary
to acquire stakes in several key areas of the Beetaloo Sub-basin in
Australia’s Northern Territory, Trend reports via the company.
Under the deal with Daly Waters Energy LP, a subsidiary of
Formentera Partners, INPEX will take an 11.25% interest in the
First Strategic Development Area (FSDA) North and South, and a 20%
interest in the Beetaloo Central Development (BCD) acreage,
covering roughly 68,000 net acres of prospective onshore gas
territory. The agreement includes an option to expand INPEX’s BCD
stake to 43.75%, adding another 75,000 net acres, subject to
regulatory approvals.
The farm-in will allow INPEX to participate in the Shenandoah
South Pilot Project, which is on track to deliver the first
domestic natural gas sales to the Northern Territory Government in
Q3 2026 under a binding 40-terajoule-per-day Gas Sales Agreement.
The company also plans to supply gas for processing at its Ichthys
LNG facility in Darwin, supporting future backfill and potential
expansion to a third LNG train.
INPEX has operated in Australia since 1986, with a portfolio
including Ichthys LNG (operator), Prelude FLNG, Darwin LNG, and
interests in Van Gogh and Ravensworth. Japan’s largest exploration
and production company, INPEX said it remains committed to
sustainable energy solutions, including carbon capture and storage
(CCS), hydrogen, and integrated power supply, while pursuing new
opportunities in the evolving energy landscape.
