EXPLORATION

Mitsui to acquire Norwest stake in EP413

JAPAN’s Mitsui has agreed to acquire Norwest Energy’s 28% interest in Block EP413 for A$100,000 – expanding its onshore exploration portfolio in the Perth Basin where it is progressing its Waitsia gas project with Beach.

Mark Tilly

Expands onshore portfolio

It remains subject to regulatory approval of the transfer of interest. Mitsui will also assume liabilities associated with Norwest's interest in the permit, effective from February, 2021, and akes operatorship...

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