COSMO OIL CO., LTD. is pleased to announce that Cosmo Energy Exploration & Development Ltd. (Cosmo Energy, Capital: 5 Billions Yen, Headquarter: Shinagawa-ku, Tokyo, President: Mr. Yaichi Kimura), which is a subsidiary of COSMO OIL CO. LTD. (Capital: 107.2 Billion Yen, Headquarter: Minato-ku, Tokyo, President: Mr. Yaichi Kimura), has acquired an interest in new E&P project (AC/P32) in Australia.
Cosmo Energy has signed `AC/P32 FARM-IN AGREEMENT'. AC/P32 is one of prospective offshore petroleum blocks, located in the Timor Sea in Australia. The AC/P32 project is currently under an exploration stage.
Cosmo Energy has been conducting a few E&P projects in the Timor Sea, and this AC/P32 is its new E&P project in the area.
Outline of Petroleum Exploration Permit AC/P32
| Location |
The Timor Sea in the Northern Territory, Australia |
| Partners and Interests |
- Coogee Resources (Operator)
- 22.5%
- Cosmo Energy
- 22.5%
- Bharat Petroleum
- 20.0%
- Westranch Holdings
- 15.0%
- Adelphi Energy
- 10.0%
- Bounty Oil & Gas
- 10.0%
|
| Contract name |
AC/P32 FARM-IN AGREEMENT |
Outline of Cosmo Energy
| Capital |
5 Billions Yen |
| Headquarter |
2-24, Higashishinagawa 2-chome, Shinagawa-ku, Tokyo 140-0002, JAPAN |
| President |
Mr. Yaichi Kimura |
| Shareholder |
COSMO OIL CO., LTD. (100%) |
