Integrated oil and gas company Total has acquired a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex, which is engaged in the exploration of petroleum and natural gas.
The new acquisitions further illustrate Total’s commitment to strengthening its presence offshore in northwest Australia, a region with rich gas reserves.
The group now has interests in 15 permits on Australia’s northwest shelf, with the majority of them situated in Browse Basin, where the group has a 24% interest in the WA-285P permit containing the Ichthys field.