Investor Presentaiton
I. Financial Highlights and Business Progress
Main Updates and Outlook on Priority Items
E&P
I/U
CN
FY2022 result
Pursuit of domestic potentials
➤ Started additional development work of the first well of Katakai gas
field in Niigata (Jul)
Acquisition of new overseas interests
➤ Decided to expand our investment for tight oil businesses in U.S.
(May)
✓ Development and production to start up incrementally, including
acquired in January 2022
On-
going
Considering low-carbon measures for domestic operations
Ongoing overseas development project Garraf project: additional development to
230,000 barrels per day
Maintain and expand gas supply
➤ Conducted an LNG Bunkering Trial at Tomakomai Port (Sep)
➤ Signed a basic agreement regarding LNG supply to MOL Group ferries
(Jan)
Domestic renewable energy development, etc.
➤ Commenced commercial operation of Abashiri Biomass 2nd and 3rd
Power Plant at Hokkaido (Oct and Mar)
Invested in a venture capital fund "ANRI-GREEN No.1" (Dec)
On-
going
FY2023 outlook
Pursuit of domestic potentials
JAPEX
➤ Additional development of Katakai gas field: Start production of the first
well (second half of the year) / Start drilling of the second well (mid-
year)
Promote development of overseas project
➤ Seagull Project in U.K. North Sea Start of crude oil and natural gas
production starts (expected in mid-2023)
Acquisition of new overseas interests
➤ Capital participation in a subsidiary of U.K.-based Longboat Energy PLC
to promote exploration and development in offshore Norway (May)
+ Focus on acquisition of new overseas oil and gas interests
Maintain and expand gas supply
➤ Started providing natural gas based ESP service for Boehringer
Ingelheim Seiyaku's Yamagata Factory (Apr)
*Joint implementation with YAMAGATA GAS Co., Ltd.
+ Focus on participation in
new renewable energy projects in Japan and overseas
Domestic renewable energy development (Under construction) Ozu Biomass Power Plant in Ehime (Commercial operation scheduled to start in 2024), Tahara Biomass Power Plant
in Aichi (2025), Chofu Biomass Power Plant in Yamaguchi (2025).
Overseas LNG midstream and downstream business development Vietnam LNG terminal construction project with ITECO: considering final investment decision
Feasibility studies of CN business in Japan
➤ Started the feasibility study of CCUS project in Tomakomai area with
Idemitsu Kosan and Hokkaido Electric Power Company (Jan)
➤ Completed the feasibility study on carbon recycling business utilizing
inter-industry collaboration in the Tomakomai area with Deloitte
Tohmatsu Consulting as a NEDO-commissioned project (Mar)
On-
going
Feasibility study of CN business in Japan
➤ The feasibility study of CCUS project in Tomakomai area with Idemitsu
Kosan and Hokkaido Electric Power Company (Apr)
+ Continue to consider participation
in new CN projects in Japan and overseas
Feasibility study of domestic CN business: Paticipating in joint study of CO2-EGR at Higashi-Niigata gas field and Niigata area CO2 effective utilization project, etc. with Mitsubishi Gas
Chemical Company, Inc.
Overseas CCS/CCUS feasibility study: Indonesia Sukowati Oil Field CO2-EOR with Pertamina Group and Lemigas / Malaysia CCUS with PETRONAS, etc.
Copyright 2023 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved.
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