INPEX announces new Browse Basin gas discovery

INPEX Browse, Ltd. (INPEX Operator of the WA-344-P Joint Venture, today announced a new gas discovery in the Browse Basin.

INPEX (60% interest) and Total E&P Australia (40% interest) acquired the WA-344-P exploration acreage in November 2007 and completed the Mimia-1 well in July 2008. A 72-metre gas column was found and a production test completed recently confirmed the discovery of gas and condensate.

The Mimia-1 well was drilled in a water depth of 254 metres and is located approximately 20 kilometres north-east of the INPEX operated WA-285-P permit area (INPEX 76%, Total 24%) which contains the giant Ichthys gas–condensate field.

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WA- 344-P-Mimia- Location Map

INPEX and Total are preparing the development of the Ichthys gas-condensate field and will consider how the Mimia discovery could be developed, taking into account potential synergy with the Ichthys development.

INPEX is also operating in WA-341-P (60%) and WA-343-P (60%) and is participating in exploration in WA-274-P (20%), WA-281-P (20%), WA-410-P (20%) and WA-411-P (26.6%).

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