INPEX secures prospective acreage in Beetaloo Sub‑basin
INPEX Australia has entered into a farm‑in agreement with Daly Waters Energy, a wholly owned subsidiary of US‑based Formentera Partners.
The agreement allows INPEX to acquire 11.25% interest in the First Strategic Development Area (FSDA) North and FSDA South, and 20% interest in the Beetaloo Central Development (BCD) acreage in the Beetaloo Sub‑basin.
Together, this represents the acquisition of approximately 68,000 net acres across some of the most prospective acreage in the Beetaloo.
The farm‑in agreement also includes an option for INPEX to increase its interest in the BCD to 43.75%, representing a further approximately 75,000 net acres.
Completion of this agreement is conditional on a number of matters, including regulatory approvals.
Further to emergency gas supplied to the Northern Territory from the INPEX‑operated Ichthys LNG, INPEX’s investment as a non‑operator in the FSDA acreage will immediately support the delivery of domestic natural gas to the Northern Territory through its participation in the Shenandoah South Pilot Project.
This project is currently on track to commence first domestic natural gas sales to the Northern Territory Government, under a binding 40‑terajoule‑per‑day Gas Sales Agreement, in Q3 2026.
The farm‑in agreement sends a clear signal that the Territory is emerging as a long‑term energy investment destination and that the Beetaloo will play an important role in strengthening Australia’s energy security.
