Corporate Guide 2021

Japan Petroleum Exploration Co., Ltd.https://www.japex.co.jp/english/

Printed in Japan, April 2021

A part of the cost of the printing paper will be donated to environmental protection activities.

● ● Corporate Guide 2021

Japan Petroleum Exploration Co., Ltd.FSC

● ● Contents2 Overview of Oil and Gas E&P

4 Overseas Projects

6 Domestic Projects

8 Energy Development

10 Energy Supply

12 Creation of New Businesses

14 Sustainability

16 Corporate Profile

● ● Corporate Vision

• Explore, develop, produce and distribute crude oil and natural gas at home and abroad.

• Further strengthen the natural gas supply chain, built on our domestic infrastructures, by combining the electric power supply business.

• Contribute to resolving energy and climate change related challenges towards a sustainable society through developing and commercializing new technologies, drawing on our expertise.

• Achieve sustainable growth and maximize corporate value, while placing top priority on maintaining trust with all stakeholders.

Contribute to society through stable supply of energy and address social issues towards Sustainable Development Goals.

1JAPEX Corporate Guide 2021

Reservoir rock

Crude oil

Natural gas

LNG

Screen Explore Produce Distribute

OilOil is a general term for flammable liquid, composed mainly of various hydrocarbons found underground. Crude oil is a liquid extracted from oil fields underground, from which gas and water are removed. By applying heat, it is distilled and separated into fractions such as liquefied pe-troleum gas (LPG), naphtha (gasoline), kerosene, diesel oil, fuel oil, and asphalt by taking advantage of their different boiling points.

Depending on their properties, they are used as fuel for vehicles and machines, and as raw materials for chemi-cal products such as plastic bottles, plastic products, and fibers.

Origin of Oil and Natural GasOil and natural gas are said to be formed underground, over several to tens of millions of years, from prehis-toric organisms decomposed by high subterranean heat and microorganisms.

These resources move upward through subterranean cracks and collect in a stratum called source rock. They then accumulate in formations containing a dome-shaped, dense layer called cap rock and reservoir rock underneath.

Natural Gas and LNGNatural gas is a flammable gas composed mainly of meth-ane, which is colorless, odorless, and ligher than air. It is considered to be an energy source with a lower environ-mental impact than other fossil fuels such as oil and coal given its less emissions of carbon dioxide (CO2), nitrogen oxide (NOx), and sulfur oxide (SOx) when burned.

Natural gas is liquefied into LNG by cooling it to -162˚C or -260˚F. LNG takes up only one six-hundredth the volume of natural gas, allowing for long-distance transportation and mass storage. Most of the natural gas consumed in Japan is imported from overseas as LNG.

● ● Overview of Oil and Gas E&P

Oil and Gas E&P Value ChainSince its foundation, JAPEX has been engaged in the upstream, or E&P (exploration, development and production), sector of the oil and gas industry, as well as their transportation and supply. It also has contributed to the stable supply of energy, drawing on its extensive track record both at home and abroad, as well as the broad range of technologies and expertise it has accumulated over the years.

Clients● Gas-fired power plants● Local gas distributors● Industrial users● Oil refiners● Others

Acquisition of InterestsInformation gathering　Preliminary survey　Acquisition of working interests

Development and ProductionFEED (Front-end Engineering and Design)　Drilling of production wells　Construction of production facilities　Production of oil and gas

Transportation and Supply● Crude oil Tank trucks, tankers, pipelines● Natural gas Pipelines● LNG LNG carriers (ocean-going carriers, coastal vessels), tank trucks, tank containers on rail

ExplorationGeological survey　Geophysical survey　Exploratory and appraisal drilling　Evaluation of reserves

Source rock

Oil reservoir

Gas reservoir

Cap rock

OilNatural

gas

Acquisition of interestsS

Onshore geophysical surveyE

Production wellP

Crude oil tank truckD

D Crude oil tankers

D Crude oil pipeline

D Natural gas pipeline

D LNG tank truck

D LNG carrier

D Receiving terminal

LNG liquefaction plant

D LNG tank containers on rail

E Offshore geophysical survey

E Onshore drilling rig

E Offshore drilling rig

Production facilityP

D

Mud

S

E

P

D

Screen

Explore

Produce

Deliver

32 JAPEX Corporate Guide 2021JAPEX Corporate Guide 2021

海外事務所

Headquarters

海外事務所

Houston Representative Office

Dubai Representative Office

Jakarta Representative Office

A

B

CIraq

Garraf Project

02 IndonesiaKangean Project

01

CanadaShale Gas Project 03

CanadaOil Sands Project

U.K. North SeaU.K. North Sea Offshore Block Russia/Sakhalin

Sakhalin-1 Project

United StatesTight Oil Project

04

オイルサンド

Aberdeen Representative Office

Singapore Representative Office

Japan (see page 6)

● ● Overseas Projects

Maximizing Value of Overseas ProjectsJAPEX aims to maximize the value of existing E&P projects and explore opportunities to participate in new projects. Also, our Singapore Branch plays a central role in seeking opportunities for more flexible sourcing of LNG.

B Russia

Sakhalin-1 Project Block Chayvo, Odoptu and Arkutun-Dagi fields

(offshore Sakhalin Island) Project Company Sakhalin Oil and Gas Development Co., Ltd.

(SODECO)

This is a project to develop and produce primarily crude oil in three oil and gas fields, led by ExxonMobil, the operator. JAPEX participates in the project as a shareholder of SODECO.

Crude Oil and Natural GasCrude Oil and Natural GasA United Kingdom

U.K. North Sea Offshore Block Block Seagull Discovery

(300 km offshore from Aberdeen) Project Company JAPEX UK E&P Ltd.

This is an offshore crude oil and natural gas development project off the coast of Aberdeen, UK. JAPEX participated in the project during the exploration phase in 2014. Subsequently, in March 2019, a decision was made to start developing the block. Further development for production is currently underway.

C United States

Tight Oil Project Block Middle McCowen (southern Texas) Project Company Japex (U.S.) Corp.

This is a tight oil development and production project in Eagle Ford, Texas. JAPEX has been engaged in the project since it ac-quired part of interests in the block in August 2012.

Crude Oil

Natural Gas

Indonesia

Kangean Project Block Kangean Block (offshore East Java) Project Company Energi Mega Pratama Inc.

02

Iraq

Garraf Project Block Garraf Oil Field

(northern region of Dhi Qar Governorate) Project Company Japex Garraf Ltd.

JAPEX has been engaged in the crude oil development and pro-duction project in Garraf Oil Field in Iraq since it acquired pro-duction and development rights in the project in 2009 jointly with the operator PETRONAS, a Malaysia’s state-owned oil company.

Commercial production com-menced in 2013, and further devel-opment is under-way to increase the production volume to 230,000 barrels per day.

01

Crude Oil

Natural Gas

Canada

Shale Gas Project Block North Montney (Province of British Columbia) Project Company JAPEX Montney Ltd.

JAPEX has been engaged in the shale gas development and production project in North Montney in the Province of British Columbia, Canada since April 2013, which is a project operated by the subsidiary of PETRONAS, the Malaysian state-owned oil company.

A significant volume of shale gas assets has been confirmed in the area. To enhance the asset value, the project currently prioritizes the development of areas with high economic potential, considering the prevailing market conditions in Canada.

03

See: Tight/Shale Formation Development Technology on page 9

JAPEX has been engaged in oil sands development in the Province of Alberta, Canada for more than 40 years since it founded JACOS, a local project company, in 1978.

We pioneered the establishment of the Steam-Assisted Gravity Drainage (SAGD) method, a method using steam to extract bitumen (ultra-heavy oil) from the oil sands layer; succeeded in test production using the method at 3.75 Section of the Hangingstone leases in 1999; and launched commercial production in 2003.

Currently, JACOS produces bitumen in the area where production commenced in August 2017 and transitioned to stable production at the end of June 2018. Under the basis of stable production rate of 20,000 barrels per day, the production volume is adjusted flexibly in line with market conditions.

See: Oil Sands Development by SAGD Method on page 8

Canada

Oil Sands Project Block Hangingstone (Province of Alberta) Project Company Canada Oil Sands Co., Ltd.

Bitumen

04

The project is led by Japan Canada Oil Sands Ltd. (JACOS), a local subsidiary.

JAPEX has been engaged in the natural gas develop-ment and production project in Kangean Block offshore

See: Tight/Shale Formation Development Technology on page 9

East Java of Indonesia since 2007.The project develops and produces natural gas from

several gas fields scattered in the block with a view to securing a stable supply over the medium to long term. Current production is mainly from the Sirasun and Batur Gas Fields of the TSB Gas Fields offshore north of Bali island, which began production of natural gas in March 2019.

The natural gas is processed at a floating production unit (FPU) and supplied through the East Java Gas Pipeline to a state-owned electric power company and fertilizer factories in the suburbs of Surabaya City, East Java.

54 JAPEX Corporate Guide 2021

Asahikawa

SapporoKitahiroshima

Tomakomai

Oga

Yurihonjo

Nikaho

Sakata

Amarume

Coastal vessel

LNG tank truck

LNG tank truck

LNG tank truck

Coastal vessel

Tsuruoka

MurakamiYamagata

Sendai

Iw anuma

Koriyama

Aizuwakamatsu

Soma-Iwanuma Gas Pipeline

Kawaguchi

Akita

Muroran

Iwamizawa

ObihiroKushiro

Chitose

Shiroishi-Koriyama Gas Pipeline

Fukushima

Shiroishi

Komatsu

Kanazawa

Yamagata Gas Pipeline Tohoku Natural Gas Co., Ltd.

Niigata-Sendai Gas Pipeline

LNG from overseas

LNG from overseas

0910

06

01

04

07

05

02

08

03

Ensuring Stable Supply of Diverse Energies to Clients in JapanJAPEX currently produces oil and natural gas at oil and gas fields in 10 locations around Japan, and transports and distribute them to domestic clients through various methods. We also have been widening the range of energies we can access, including LNG (liquefied natu-ral gas) from overseas and electricity.

01 03 08

09 10

0706

04

0202

05

LNG Receiving Terminal

Nihonkai LNG Co., Ltd.Niigata Terminal

LNG terminalPower plantNatural gas pipelineLNG tank truckLNG tank containers on railCoastal LNG vessel

LNG Receiving Terminal

Hokkaido Gas Co., Ltd.Ishikari LNG Base

A

E

Soma LNG TerminalShinchi Town, Soma County,

Fukushima Prefecture

C

Yufutsu LNG Plant/Yufutsu LNG

Receiving TerminalTomakomai City, Hokkaido

B

Fukushima Natural Gas Power Plant

Fukushima Gas Power Co., Ltd.Shinchi Town, Soma County,

Fukushima Prefecture

D

Yufutsu Oil and Gas FieldTomakomai City, HokkaidoDiscovered in 1989In production from 1996

Ayukawa Oil and Gas Field Yurihonjo City, Akita PrefectureDiscovered in 1989In production from 1995

Higashi-Niigata Gas Field Niigata City, Niigata PrefectureDiscovered in 1959In production from 1959

Shiunji Gas Field

Shibata City, Niigata PrefectureDiscovered in 1962In production from 1963

Iwafune-oki Oil and Gas FieldApproximately 4 km offshore from the mouth of the Tainai River, Tainai City, Niigata PrefectureDiscovered in 1983In production from 1990

Sarukawa Oil Field Oga City, Akita PrefectureDiscovered in 1958In production from 1959

Oil and Gas Oil and GasOil GasGasOil and Gas

Yoshii Gas Field

Kashiwazaki City, Niigata PrefectureDiscovered in 1968In production from 1968

Katakai Gas Field

Ojiya City, Niigata PrefectureDiscovered in 1960In production from 1960

Yurihara Oil and Gas Field Yurihonjo City, Akita PrefectureDiscovered in 1976In production from 1984

Amarume Oil Field Shonai Town, Yamagata PrefectureDiscovered in 1960In production from 1960

Oil and Gas Oil Gas Gas

● ● Domestic Projects


● ● Energy Development

Unlocking New Energy Resources Through Technological EvolutionJAPEX has consistently sought to establish and enhance development and production technologies for unconventional resources such as oil sands and tight/shale oil and gas. We also aim to establish production technologies for next-gen-eration energy resources such as methane hydrate, which is a potential domestic energy resource for the future.

The Steam Assisted Gravity Drainage (SAGD) method is a method to extract bitumen from the oil sands layer, using high-temperature, high-pressure steam to heat the oil sands layer and providing liquidity to the bitumen. JACOS, our local project company, launched efforts to commercialize the method in the Province of Alberta, Canada, in 1992; succeeded in test production at the Hangingstone leases of the same province in 1999; and commenced commercial production in 2003. We have continued to use the SAGD method at the same block.

Process flow of the SAGD method1 Drill a pair of horizontal wells2 Heat the oil sands layer by injecting steam into upper well3 Let bitumen in the oil sands layer flow downward4 Recover the bitumen that flowed down in the lower well

01FOCUS Oil Sands Development by SAGD Method

△ Oil sands production facility at the Hangingstone leases in Canada

△ Schematic of the SAGD Method

Oil sands layer

500-1,000 m

300 m

5 mHorizontal well producer

Horizontal well injector

Crude oil and natural gas contained in low-permeability tight/shale formations is called tight/shale oil and gas. The development and production used to be extremely challenging with conventional methods. However, since the first decade of 2000, full-scale commercial produc-tion has been enabled by commoditization of the horizon-tal well drilling technology and the hydraulic fracturing technology, which uses high-pressure water to crack the formations to improve productivity.

JAPEX has been involved in developing and producing tight/shale oil and gas at home and abroad. Specifically, it has participated in a tight oil development project in Texas, US, and a shale gas development project in the Province of British Columbia, Canada. In Japan, JAPEX succeeded in the first commercial production of tight oil in 2014 at the Ayukawa Oil Field in Akita Prefecture, and conducted a verification test for tight oil development using multistage fracturing at the Fukumezawa Oil Field in Akita Prefecture.

02FOCUS Tight/Shale Formation Development Technology

Approx. 2,000

–

3,000 m

△ Illustrative Diagram of Shale Gas and Tight Oil Development

Approx. 1,500 m or more

Hydraulic fracturing

Horizontal well

Methane hydrate is an ice-like mixture of water and methane, the principal component of natural gas. It is typically formed under the seabed over 500 meters deep at low temperature and high pressure. It has been con-firmed to exist abundantly in the sea near Japan, rais-ing expectation as one of the potential domestic energy resources going forward.

Currently, the government-led project towards com-mercialization is under way to develop stable production technology and prepare for the next offshore production test. JAPEX contributes to developing technology for the sand-layer type methane hydrate as one of the share-holders of Japan Methane Hydrate Operating Co., Ltd. (JMH) established jointly by private companies engaged mainly in oil and gas E&P or plant engineering.

03FOCUS Methane Hydrate

△ Combustion of artificial methane hydrate(photo courtesy of the MH21-S Research Consortium)

2

34

1


JAPEX has built and operated a proprietary gas supply network to ensure stable supply of natural gas, both pro-duced in Japan and procured from abroad, to its clients. The network is made up of high-pressure gas pipelines that connect gas fields in production and LNG terminals.

The network, consisting mainly of the Niigata-Sendai Gas Pipeline and extending more than 800 km, combines and supplies the gas produced in the Niigata area and the LNG vaporized gas stored at LNG terminals on the Sea of Japan side and the Pacific Ocean side. As a means to adapt flexibly to seasonable fluctuations in demand, we store natural gas, produced in other gas fields, in the un-derground gas storage at the Shiunji Gas Field in Niigata Prefecture ( see page 7- 07 ) during summer, and then reproduce and supply it during winter.

△ LNG shipping facility for tank trucks at the Soma LNG Terminal01FOCUS Domestic Natural Gas Supply Network

Natural gas power generation is fueled by LNG, which has the lowest emission and thus the lowest environ-mental impact of all fossil fuels. As a cleaner energy source, it is expected to serve energy demand in Japan over the medium- to long-term.

The Fukushima Natural Gas Power Plant, adjacent to the Soma LNG Terminal, is capable of generating a maximum of 1.18 million kWh of electricity using LNG vaporized gas as fuel. The plant has achieved world-class efficiency by adding innovative technology com-ponents to the well-tested facilities which have adopted the gas turbine combined cycle (GTCC) method. The main facilities are designed to withstand the level of disasters

△ Fukushima Natural Gas Power Plant (Fukushima Gas Power Co., Ltd.)△ Niigata-Sendai Gas Pipeline △ Soma LNG Terminal

03FOCUS Natural Gas Power Generation

02FOCUS LNG Satellite System

The LNG Satellite System, which supplies LNG to remote places beyond the reach of our gas pipelines, also is an integral part of our natural gas supply network.

equivalent to that of the Great East Japan Earthquake.Under the consignment from Fukushima Gas Pow-

er Co., Ltd., an entity responsible for operation of the plant, the Soma LNG Terminal receives and stores LNG, and supplies LNG vaporized gas to the plant.

LNG terminals, which serves as hubs for ocean-going LNG carriers from overseas and domestic LNG coastal vessels, also are an integral part of our natural gas supply network.

The Soma LNG Terminal ( see page 7- C ) with two 230,000 kl LNG tanks, the largest class ground type tanks in Japan, is central to our gas supply network. The terminal receives and stores LNG from abroad, supplies LNG vaporized gas to pipelines, ships LNG in its original liquefied form to clients, and transports LNG to other locations by coastal vessels.

At the Yufutsu LNG Receiving Terminal and the Yufutsu LNG Plant ( see page 7- B ) , LNG vaporized gas, pro-duced from LNG received via coastal LNG vessels, and natural gas produced at the Yufutsu Oil and Gas Field, are combined and supplied to the Hokkaido area.

We ship LNG by tank trucks to areas around our LNG receiving terminals, and by LNG tank containers on rail to more distant locations. Shipment using the LNG tank containers on rail is a break-through LNG transportation method which has attracted attention from around the world.

Recently, new initiatives to satisfy environmental regulations have gained momentum both at home and abroad. Such initiatives include the deployment of LNG trucks which use LNG as fuel, and LNG bunkering which enables direct supply of LNG fuel to vessels. To facilitate these initiatives, JAPEX has also worked on efforts to create a new supply model leveraging its LNG facilities and expertise in LNG.

● ● Energy Supply

Network Built for Stable Supply of Lower Environmental Impact EnergiesJAPEX has built a natural gas supply chain that incorporates various infrastructure and methods to supply natural gas combined with LNG from overseas̶energy sources with lower environmental impact. JAPEX is also involved in natural gas power generation fueled by environmentally friendly LNG.


Carbon dioxide Capture and Storage (CCS) and Carbon dioxide Capture, Utilization and Storage (CCUS) have grabbed attention as technologies for “carbon neutrality,” which refers to achieving net zero carbon dioxide (CO2) emission.

We aim at early practical application of CCS and CCUS by using our technologies and know-how to develop and produce crude oil and natural gas that we have accumulated.

01FOCUS CCS and CCUS

△ CCS Demonstration Project ground facilities at Tomakomai(photo courtesy of Japan CCS Co., Ltd.)

03FOCUS New Business Seeds CCS (Carbon dioxide Capture and Storage)

CCS is a technology to capture CO2 emitted from plants, power plants and other facilities and inject it deep underground. Practical use of this technology requires survey for geological formations suitable for injecting CO2, drilling of injection wells, and establishment of technologies to store CO2 stably for a long term.

JAPEX has joined a large-scale CCS demonstration project at Tomakomai, Hokkaido as one of the members of Japan CCS Co., Ltd. established by private companies.

CCUS (Carbon dioxide Capture, Utilization and

Storage)

CCUS is a technology to capture and utilize CO2 before storing it underground.

We are implementing research and verification test of the Enhanced Oil Recovery (CO2-EOR) technology at home and abroad, which is a method to inject CO2 into a production-declined well to push out its remaining crude oil or natural gas before storing CO2 underground.

We also aim to establish and commercialize a tech-nology for blue hydrogen derived from natural gas, including capturing of CO2 generated in a blue hydrogen production process.

JAPEX aims to establish new business models in areas around the existing business domains, explore and commercialize new business seeds not bound by the existing business domains, and among others create “environmentally friendly” businesses. Such endeavors include building a supply chain in Japan for sustainable aviation fuel (SAF) derived from used cooking oil, es-tablishing an LNG supply model for LNG-fueled vessels and vehicles through the LNG bunkering system and deployment of LNG-fueled trucks, and providing vari-ous energy services utilizing geothermal energy.

We are also working with venture companies and our group companies for new business seeds. So far we have expanded the scope of solutions we provide by getting into full swing of distribution of an oil absorp-tion fiber “Abura Kuraudo” (which literally means “oil eating cloud”) developed by a venture company OLX LTD. and by expanding distribution channels for a hot spring monitoring system “Oyureco” developed with our subsidiary Geophysical Surveying Co., Ltd.

△ Screen capture of hot spring monitoring system “Oyureco”

● ● Creation of New Businesses

Creating New Energy Businesses and Developing Environmentally Friendly TechnologiesJAPEX is developing renewable energy and new technologies utilizing its E&P experience to contribute to the goal of zero emissions and carbon-neutral society by 2050. We are also working on creating new environmentally friendly businesses in areas around the existing business domains.

JAPEX is promoting renewable energy business as one of the key contributors to its growth as an integrated energy company, bringing the 2050 carbon neutral goal into view.

We are exploring and specifically examining projects that will contribute to increasing worldwide output of a broad range of renewable energies, including biomass and wind power, geothermal energy we have already developed and operated, and solar energy we are gen-erating at two mega-solar power plants in Hokkaido.

We leverage in new projects our oil and gas E&P technologies such as surveying subsurface structure and drilling, experience in building good relations with local communities, expertise in constructing and operating natural gas power plants, and know-how to manage mega-solar facilities.

02FOCUS Renewable Energy

△ Mega-solar power plant in Hokkaido


We are striving to reduce greenhouse gas (GHG) emissions by saving energy at our operation sites across the world. We also identify risks of soil, water and air pollution to take pre-ventive measures against them. Among others, we ensure to reuse water we heavily depend on for our business activities and to protect environment when discharging water.

We are also mitigating environmental impact, including conserving ecosystems. We asses environmental impact at the feasibility study stage and take necessary measures based on the assessment results, and continue to monitor the surrounding environment after the business is launched.

JAPEX has improved systems and environment for its employees with diverse backgrounds in terms of gender, nationality, age, career and workstyle to continue working vigorously and growing as self-directed professionals.

Our career development program offers educational programs to facilitate employees’ proactive career devel-opment as well as to develop their competency and skill set. We also provide a career support program for employees to manage their life events such as child-rearing, nursing care and career advancement and to keep a good work-life bal-ance. On top of these supports, we have introduced flexible and remote working systems that allow for flexible handling of operations even at the time of emergencies.

JAPEX strives to remain a trusted company in the regions around the world where we operate through dialogue and communication with various stakeholders and contribution to local communities.

In Japan, we join or otherwise support events and lec-tures hosted by local governments and offer facility tours and work experience programs to local school students. We also join local events and volunteer activities in the regions where we operate.

Overseas, we help develop social infrastructure for, pro-vide donations and support to, and cooperate and interact with, local communities where we participate.

02FOCUS Protection and Preservation of Environment

04FOCUS Fair and Employee Friendly Workplace

03FOCUS Good Relations with Communities

△ Planting trees of native species at the Fukushima Natural Gas Power Plant

△ Supporting the Shinchi Town product fair in Tokyo

△ Having a remote meeting△ Providing safety training at the Soma District Office

01FOCUS HSE and Crisis Management

With health, safety and environment (HSE) as a top priority agenda in business activities, JAPEX has estab-lished the JAPEX HSE Policy. We have also established the HSE management system (HSE-MS) deployed wide-ly at our business, including projects overseas in which we serve as an operator.

Under the HSE-MS, we are working on to properly control and reduce HSE-related risks, comply with relevant laws and regulations, and manage employee health. The operational status of HSE-MS is appropri-ately audited and improved as necessary.

JAPEX provides all employees with educational pro-grams and lectures by outside lecturers to make them fully understand HSE and improve its HSE culture.

We are also working on to ensure the safety of busi-

ness sites and employees and to manage crisis under a policy for health, safety, security and environment (HSSE). The basic policy and key issues on HSSE are deliberated and determined by the HSSE Committee consisting of the officer in charge of the HSE Dept. as chairperson and other relevant officers.

We pays particular attention to HSSE for our over-seas operations. Specifically, we are working on to raise awareness of crisis management even in normal times by conducting emergency contact drills and over-seas emergency response drills with overseas bases, as well as providing overseas safety information to all employees and overseas safety seminars to those to be dispatched or assigned as an expatriate abroad.

We have also formulated a business continuity plan (BCP) against emergencies such as a large earthquake and a pandemic. Moreover, we regularly develop and put in place initial response procedures; and conduct emergency drills at business sites, employee safety confirmations and walk-home (from work) drills for emergencies. We have applied the BCP during the spread of COVID-19 to continue business activities at the same level as usual while ensuring the safety of employees by taking thorough infection prevention measures and having employees work from home.

● ● Sustainability

Achieving Sustainable Growth and Enhancing Corporate Value through Trusted Relationships with Stakeholders For JAPEX to achieve sustainable growth and enhance its corporate value through its mission of “supplying stable energy,” it is essential to build trusted relationships with local communities where JAPEX operates, related parties and employees. We are working to manage environment and human resources with a view to contributing towards a sustainable society as well as ensuring safety and security and involving in community activities to be a company trusted by stakeholders.


● ● Corporate History

● ●

Founded as a government-owned company by the Law of Japan Petroleum Exploration Co., Ltd.

Discovered the Biratori oil field in Hokkaido, the first oil field discovered by JAPEX (in production from 1956 to 1961)

Expanded the business regions to overseas by revision to the Law of Japan Petroleum Exploration Co., Ltd.

Integrated into a newly established Japan Petroleum Development Corporation (JPDC)

Reorganized as a private company by separating from JPDC

Established Japex Offshore Ltd.

Discovered the Agaoki oil and gas field in Niigata, the first ever offshore oil field discovered since theestablishment of Japex Offshore Ltd.(in production from 1976 to 1998)

Commenced operation of the Niigata-Sendai Gas Pipeline

Commenced transportation of LNG tank container on rail

Commenced commercial production of bitumen by the SAGD method in Hangingstone leases in Canada

Listed on the First Section of the Tokyo Stock Exchange

Participated in the Kangean project in Indonesia

Commenced operation of the Yufutsu LNG Receiving Terminal

Participated in the shale gas project in Canada

Commenced production of crude oil of the Garraf project in Iraq

Commenced operation of the mega-solar power station located at the Hokkaido District Office

Commenced operation of the Soma LNG Terminal

Commenced commercial operation of the Fukushima Natural Gas Power Plant

December 1955

July 1956

May 1965

October 1967

April 1970

May 1971

March 1972

March 1996

March 2000

January 2003

December 2003

May 2007

November 2011

April 2013

August 2013

August 2014

March 2018

April 2020

Started as a national policy concern to promote domestic oil and gas exploration

Expanded business regions and promoted business diversification1990s to 2000s

Aiming to grow as an integrated energy company2010s and thereafter

Put its business on track by successively discovering oil fields in Japan1970s to 1980s

△ Aga-oki Platform

△ LNG tank containers on rail

△ JAPEX foundation ceremony

For detailed and updated information, please visit our website. https://www.japex.co.jp/english/

● ● Corporate Profile

● ● Main Group Companies

Company Name: Japan Petroleum Exploration Co., Ltd.

Established: April 1, 1970

Paid-in Capital: JPY14,288,694,000

Representative: Representative Director and President Chief Executive Officer Masahiro Fujita

Headquarters:

SAPIA Tower, 1-7-12, Marunouchi,Chiyoda-ku, Tokyo100-0005, JapanTEL: +81-3-6268-7000

Akita Natural Gas Pipeline Co., Ltd.

JAPEX SKS Corporation

SK Engineering Co., Ltd.

North Japan Oil Co., Ltd.

Shirone Gas Co., Ltd.

Japex Pipeline Ltd.

JGI, Inc.

Geophysical Surveying Co., Ltd.

Japex (U.S.) Corp.

Hokkaido District Office:

134-648, Numanohata, Tomakomai City, Hokkaido 059-1364, JapanTEL: +81-144-51-2205

Akita District Office:

85-2, Hirune, Terauchi, Akita City, Akita 011-0901, JapanTEL: +81-18-866-9511

Nagaoka District Office:

2-2-83, Higashi-Zao, Nagaoka City, Niigata 940-8555, JapanTEL: +81-258-31-1401

Soma District Office:

159-2, Imagami, Komagamine, Shinchi Town, Soma County, Fukushima 979-2611, JapanTEL: +81-244-26-9846

Sendai Liaison Office:

Kakyoin Square Building 5F,1-1-20, Kakyoin, Aoba-ku, Sendai City,Miyagi 980-0013, JapanTEL: +81-22-224-0731

JAPEX Research Center:

1-2-1, Hamada, Mihama-ku, Chiba City, Chiba 261-0025, JapanTEL: +81-43-275-9311

Houston Representative Office:

5051, Westheimer, Suite 425 Houston TX 77056, U.S.A.TEL: +1-713-334-9800

Jakarta Representative Office:

Gama Tower 19th Floor, Jl. H.R. Rasuna Said Kav. C-22, Jakarta12940 IndonesiaTEL: +62-21-2519-9938

Aberdeen Representative Office:

One Marischal Square centre 5083,Aberdeen, AB1O 1BL, U.K.TEL: +44-12-2484-1358

Dubai Representative Office:

203 Spectrum Building, Al Qutaeyat Road, Oud Metha, P.O. Box 121620, Dubai, U.A.E.TEL: +971-4-334-4248

Singapore Branch:

10 Collyer Quay,Level 40 Ocean Financial Centre,Singapore 049315TEL: +65-6808-6050

Main Offices

Number of Employees: 2,239 (consolidated basis) (as of September 30, 2020)

Main Businesses: Exploration, development, production and sales of oil, natural gas, and other resources and contract service-related operations, such as drilling

Japan Canada Oil Sands Limited

North Japan Security Service Co., Ltd.

Canada Oil Sands Co., Ltd.

Japex Offshore Ltd.

GEOSYS, Inc.

Japex Energy Co., Ltd.

Japex Garraf Ltd.

JAPEX Montney Ltd.

JAPEX UK E&P Ltd.

TOHOKU NATURAL GAS CO., INC.

TELNITE CO., LTD.

Energi Mega Pratama Inc.

Kangean Energy Indonesia Ltd.

EMP Exploration (Kangean) Ltd.

Diamond Gas Netherlands B.V.

Sakhalin Oil and Gas Development Co., Ltd.

Fukushima Gas Power Co., Ltd.

△ Headquarters

1950s to 1960s


Corporate Guide 2021

Documents

Transcript of Corporate Guide 2021