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INDONESIA: Successful exploration of gas fields could lead to $4,200,000,000 development investment, INPEX HOLDINGS INC. [Japan] Order #: 110706.

Publication: WWP-Business Opportunities in Asia & the Pacific
Publication Date: 01-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW:

Japan-based INPEX HOLDINGS INC. is currently gearing-up to drill at 4 locations in eastern Indonesia in order to identify viable gas fields that could help Japan reduce its reliance on Middle East oil. The company, for that matter, has identified a gas deposit that could generate as much as 3 million tons of liquid natural gas (LNG) per year in an eastern Indonesian field in the Timor Sea.

According to Kazuya Honda, INPEX Company Spokesman, his firm still needs to do further drilling to verify the reserves before deciding on full-scale development. If the project goes ahead as envisioned INPEX is expected to invest $4,200,000,000 up...

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