INPEX – minority interests in Beetaloo development projects
INPEX Corporation, through its wholly owned Australian subsidiaries - INPEX FSDA N&S Pty Ltd and INPEX BCD Pty Ltd (collectively, **INPEX**) entered into a farm-in agreement with Daly Waters Energy LP (**DWE**) to acquire: 1. a 20% interest in the Beetaloo Central Development project; 2. an 11.25% interest in the First Strategic Development Area (**FSDA**) South project; and 3. an 11.25% interest in the FSDA North project, (together, the **Acquisition**). The projects will be operated as an unincorporated joint venture between DWE (via its subsidiaries), Tamboran Resources Corporation (via its subsidiaries) and INPEX (acting via its subsidiaries) (together, the **Joint Venture Parties**), and will be governed by separate joint operating agreements. Pursuant to the terms and conditions of the Retention Licences that will be obtained for each project and a joint operating agreement, the Joint Venture Parties will explore for, and undertake appraisal activities to confirm, a commercial resource of conventional and unconventional oil and gas resources within each project area.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Waiver application
- Notified
- 15 May 2026
- Determination published
- 4 June 2026
Acquirers
- INPEX FSDA N&S PTY LTD
- INPEX BCD PTY LTD
Targets
- Daly Waters FSDA North Pty Ltd
- Daly Waters Energy, LP
- Daly Waters BCD Pty Ltd
- Daly Waters FSDA South Pty Ltd