Inpex Corporation subsidiaries INPEX Banda and Japan Oil, Gas and Metals National Corporation have received approval from the Indonesian Government to buy a 100% stake in the Babar Selaru block, offshore Indonesia.
The block is located 100km south-west of Saumlaki City, Tanimbar Islands, and covers 8,170km2, with water depths ranging from 200m to 2,000m.
The Babar Selaru block was offered as one of the open bidding blocks in Indonesia’s first bidding round of the year.
Inpex Banda, as the operator, will conduct the exploration activity.
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