Fossil Energy – Japan
Inpex announced that it commenced exploratory drilling operations offshore Shimane and Yamaguchi prefectures in Japan on May 5, 2022.
The work will be carried out by the company’s subsidiary Inpex San’in Offshore Development between March and July 2022.
The Project involves conducting exploratory drilling surveys at a location approximately 130 kilometers northwest of Shimane Prefecture and approximately 150 kilometers north of Yamaguchi Prefecture.
In the future, Inpex plans to carry out a detailed analysis and evaluation of the data obtained from the Project and determine the extent of oil and natural gas deposits at the drilling location.
If successful, the project would help in improving the country’s energy self-sufficiency.
For the exploratory drilling, the Japanese oil company secured equity financing from state-owned energy agency Jogmec.
In a press statement, Inpex said: “Inpex will prioritise safety throughout the execution of the project while calling on the understanding and cooperation of the local communities. The company will also continue to work towards the effective and efficient utilisation of domestic energy resources through new exploration and development operations in Japan.”