Home » Market News » DirectorsTalk Highlights » Offshore Australia Block Goes to Inpex
Northbridge Industrial Services Plc

Offshore Australia Block Goes to Inpex

A unit of Inpex Corp. has won an exploration permit for Block AC/P66 in Australia’s North West Shelf, the Japan-based company reported Friday.

Inpex stated that it will hold a 100-percent participating interest in the block, which is located in the Bonaparte Basin of the North West Shelf and encompasses a 1,336-square-mile (3,460-square-kilometer) surface area. The firm added that the block, located in water depths ranging from 197 to 1,640 feet (60 to 500 meters), lies in the vicinity of the Laminaria and other discovered and developed oil fields.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.