Approved · Waiver · decided in 20 days, 4 June 2026
Resources & MiningWA-01101ACCC register
INPEX FSDA N&S Pty Ltd and INPEX BCD Pty Ltd acquired minority interests in the Beetaloo Central Development, FSDA South, and FSDA North oil and gas exploration projects. The farm-in agreement with Daly Waters Energy LP establishes an unincorporated joint venture, including Tamboran Resources Corporation, for exploration and appraisal activities.
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: a 20% interest in the Beetaloo Central Development project; an 11.25% interest in the First Strategic Development Area ( FSDA ) South project; and 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.