INPEX has commenced crude oil production from the BHP Billiton operated Ravensworth field in the production license area WA-43-L offshore Western Australia.

The Ravensworth field, discovered in 2003 at a water depth of 210m, is located approximately 45 kilometers off the coast of Exmouth, Western Australia and it straddles both WA-43-L and WA-42-L production license areas.

The WA-43-L part of the Ravensworth field has been developed in conjunction with the BHP Billiton-operated Pyrenees oil development located in WA-42-L. The oil produced from WA-43-L is processed for offtake via the FPSO owned by the WA-42-L joint venture in accordance with the tie-in agreement made between WA-43-L and WA-42-L Joint Ventures.

INPEX Alpha, Ltd. owns a 28.500% participating interest in the WA-43-L. The Joint Venture partners are BHP BP (39.999%), the operator, and Apache Corporation (31.501%).

Tags: Inpex Corporation