TOKYO, June 28 Japan's top oil and gas explorer
Inpex Corp said on Thursday it has agreed to acquire a
50 percent stake in offshore exploration block AC/P36 in western
Australia from U.S. oil firm Murphy Oil Corp.
Inpex said it would serve as the operator in the block and
work with Murphy Oil, whose stake will be reduced to 50 percent.
The block is located near several gas fields, including the
Ichthys LNG project, the company said in a statement.
Inpex plans to conduct exploration work including the
drilling of one exploratory well in the block.