Inpex Corp. agreed to beef up its holdings in the U.S. Gulf of Mexico in a recent transaction with Exxon Mobil Corp.
Japan’s largest exploration and production company, Inpex said in a Feb. 2 release it had acquired a portion (2.3546%) of the participating interest (23.29512%) in the Lucius and Hadrian North fields previously held by Exxon Mobil. Inpex did not disclose the terms of its deal with Exxon Mobil, but noted in the company release that the impact of the transaction on its consolidated financial results is minimal.
Located offshore Louisiana in the Keathley Canyon Block of the U.S. Gulf fo Mexico, the Lucius and Hadrian North fields are both under the operatorship of Occidental Petroleum Corp. The acquisition announced on Feb. 2 increases Inpex’s participating interest in the fields to 10.10769% from 7.75309%.
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