The company, through its wholly-owned subsidiary Inpex Browse E&P, is engaged in exploration at the block WA-274-P, which is located approximately 500km north-northeast of Broome, Western Australia, and 50km west-northwest of the Ichthys gas-condensate field.
The hydrocarbon pay at the well is determined to be approximately 80m thick in total.
The company, from a preliminary evaluation of wireline log data, confirmed the hydrocarbon pay in a 400m-long gross gas condensate section.
Additionally, Inpex recovered gas and condensate samples from the well, which has been drilled to a depth of 5,329m.
Inpex holds 20% interest in the block while Santos and Chevron have 30% and 50% interests respectively.
The company, in cooperation with Santos (operator) and Chevron, will further drill the block to analyze and evaluate data extracted from the Lasseter-1/ST1 exploration well.
The team will also study the potential for commercial development.
