07-13-2012, 12:10 AM
Fun fact: After INPEX JV's with TOT, the location and scheme for project were changed by TOT. Think there is a possibility of ennerOle selling time and again, chunks of projects/finds to JV partners???
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Inpex sells stake in Ichthys LNG project to Total
TOKYO, July 12 | Thu Jul 12, 2012 4:09pm IST
(Reuters) - Japan's Inpex Corp said on Thursday it has agreed to sell a 6-percent equity stake in the Ichthys liquefied natural gas project in Australia to its partner, Total.
The sale, pending approval by the Australian government and other administrative processes, would raise the share of French oil giant Total to about 30 percent and cut Inpex's to 66.07 percent, Inpex said in a statement.
Inpex had been in talks to sell an additional stake in the $34 billion project to Total, which had expressed interest in lifting its stake to 30 percent.
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Inpex sells stake in Ichthys LNG project to Total
TOKYO, July 12 | Thu Jul 12, 2012 4:09pm IST
(Reuters) - Japan's Inpex Corp said on Thursday it has agreed to sell a 6-percent equity stake in the Ichthys liquefied natural gas project in Australia to its partner, Total.
The sale, pending approval by the Australian government and other administrative processes, would raise the share of French oil giant Total to about 30 percent and cut Inpex's to 66.07 percent, Inpex said in a statement.
Inpex had been in talks to sell an additional stake in the $34 billion project to Total, which had expressed interest in lifting its stake to 30 percent.