Inpex to acquire 40% in Barents Sea exploration license

Inpex Corp., Tokyo, said it will acquire a 40% interest in exploration license PL767 in the western Barents Sea offshore Norway from Bayerngas Norge AS.

It will be Inpex’s first project in Norway.

The license covers 211 sq km and lies in 300-400 m of water. Operator Lundin Norway AS has 60% (OGJ Online, May 11, 2017).