● ●Corporate Guide 2024

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

Japan Petroleum Exploration Co., Ltd.

Printed in Japan, April 2024

● ●Corporate Vision

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

● ●Contents2

Overview of Oil and Gas E&P

4

Overseas Projects

6

Domestic Projects

8

Carbon-Neutral Businesses and Technologies

10 Energy Exploration and Development Technologies
12 Energy Supply
14 Sustainability
16 Corporate Profile• 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 andmaximize corporate value, while
placing top priority on maintaining trustwith all stakeholders.

JAPEX Corporate Guide 2024

1

● ●

Over view of Oil and Gas E&P

Oil and Gas E&P Value Chain
Since its foundation, JAPEX has been engaged in the upstream, or E&P (exploration, development and production), sector of the oiland 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.

ScreenExploreProduce

E

Preliminary survey●●

Drilling of production wells

E

Onshoredrilling rig

Crude oil tank
truck

D

Crude oil tankers

DP

Evaluation of reserves
E

Production
well

P

●

●

●

D

Natural gas pipelineD

LNG tank truckD

LNG carrier

Production
facility

Offshore
drilling rig

Natural gas

D

LNG liquefaction
plant

Offshoregeophysical survey

Origin of Oil andNatural Gas

JAPEX Corporate Guide 2024●

Crude oil pipeline

LNG

Cap
rock
Reservoirrock

Gas reservoir
Oil reservoir

Oil

Naturalgas

Source rock
Mud

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

Crude oil

Exploratory andappraisal drilling

E

D

●

Geophysical survey

2

Distribute

Construction of production facilities

Exploration
Geological survey

Oil and natural gas are said to beformed from prehistoric organismsthat became rocks (source rocks), anddecomposed by high subterranean heatand microorganisms taking over several
to tens of millions of years.
Oil and natural gas formed from source
rocks move upward through subterranean cracks. They then accumulate in a
stratum consisting of reservoir rocks,
located under a layer of dome-shaped,
dense rocks called cap rock.

Produce

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

Production of oil and gas

Acquisition ofinterests

P
D●

Onshoregeophysical survey

Acquisition of working interests

S

ScreenExploreDistribute

Development and Production
FEED(Front-end Engineering and Design)

Acquisition of Interests
Information gathering

S
E

D

Receiving terminalD

LNG tank truck

Oil

Natural Gas

Oil is a general term for flammable liquid composed
mainly of hydrocarbons. Crude oil is a liquid extracted
from oil reservoirs underground, from which gas andwater are removed. By applying heat, it is distilled andseparated into fractions by their difference in boilingpoints, to petroleum products such as liquefied petroleumgas (LPG), naphtha (gasoline), kerosene, diesel oil, fueloil, and asphalt, which are classified by their density.
High density petroleum products are used as fuel forlarge machineries, ships, aviations, and power plants. Low
density petroleum products are used as raw material forchemical products such as PET bottles, plastics, and fibers.

Natural gas is a flammable gas composed mainly of
methane, which is colorless, odorless, and lighter thanair. It is considered to be an energy source with a lower
environmental impact than other fossil fuels such as oiland coal given its less emissions of carbon dioxide (CO 2),
nitrogen oxide (NOx), and sulfur oxide (SOx) when burned.
Natural gas is liquefied into LNG by cooling it to -162˚Cor -260˚F. By liquefaction, it is reduced to one six-hundredth of its original volume, allowing for long-distancetransportation by tank trucks and mass storage by tanks.
Most of the natural gas consumed in Japan is imported
from overseas as LNG.
JAPEX Corporate Guide 2024

3

● ●

Overseas Projects

Norway Offshore

03

Maximizing Valueof Overseas Projects

Norwegian Offshore Blocks
Crude Oil and Natural Gas

Norway Offshore Blocks (Norwegian North
Sea, Norwegian Sea and Barents Sea)
Project Company Longboat JAPEX Norge AS

Block

In 2023, JAPEX has made capital participation to a
Norwegian company which holds several interests inoffshore Norway. Currently, the exploration is being
carried out, and the development study and planning is
progressing. In addition, we are also in the process ofacquiring additional oil and gas assets, including assets
in production and/or under development.

JAPEX 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.

U.K. North Sea

04

Seagull Project

Project Company JAPEX UK E&P Ltd.

U.K. North Sea
Seagull Project

03
B

Norway Offshore
Norwegian Offshore Blocks

05
C

Russia/Sakhalin
Sakhalin-1 Project

United States
Tight Oil Development

Iraq 01
Garraf Project

Headquarters

Japan (seepage 6)06
D

Houston Representative Office

Jakarta Representative Office

Singapore Branch

02
Crude Oil

Garraf Oil Field (northern region of Dhi Qar Governorate)

Project Company Japex Garraf Ltd.

Block

Indonesia

Kangean Project

Natural Gas

Crude OilSouthern area of Texas, United States(Eagle Ford formation)
Southern area of Oklahoma, United States(Woodford formation)
Southern area of Wyoming,
United States (Codell formation)
Project Company Japex (U.S.) Corp.

Block

JAPEX holds several development
interests in tight (shale) formations in
the United States, and participating in
the tight oil production anddevelopment in the area.

△ Production site oftight oil development

Kangean Block (offshore East Java)JAPEX has been engaged in the natural gas development and production project in Kangean Block offshore
East Java of Indonesia since 2007.

△ Central production facility
JAPEX Corporate Guide 2024

Tight Oil Development

Project Company Energi Mega Pratama Inc.

JAPEX has been engaged in the crude oil development
and production project in Garraf Oil Field in Iraq since
it acquired production and development rights in the
project in 2009 jointly with the operator PETRONAS, a
Malaysia s state-owned oil company.
Commercial production commenced in 2013, andfurther development is underway to increase theproduction volume to 230,000 barrels per day.

4

United StatesIndonesia
Kangean Project

Iraq

Block

This is a project to develop and produce primarily crude
oil off the northeast coast of Sakhalin Island, Russia.
JAPEX participates in the project as a shareholder of
Sakhalin Oil and Gas Development Co., Ltd. (SODECO).

See: Tight/Shale Formation
Development Technology on page 11
02

Garraf Project

Chayvo, Odoptu and Arkutun-Dagi ﬁelds(offshore Sakhalin Island)
Project Company Sakhalin Oil and Gas Development Co.,
Ltd. (SODECO)
Block

オイルサンドDubai Representative Office01

Sakhalin-1 Project
Crude Oil and Natural Gas

06

This is an offshore crude oil and natural gas development and production project off the coast of Aberdeen,
UK. We have been in production from the second half of2023, and development work will continue thereafter.

Aberdeen Representative Office

RussiaSeagull Block (offshore Aberdeen)

Block
04
A

Crude Oil and Natural Gas

05

The project develops and produces natural gas fromseveral gas fields scattered in the block with a view tosecuring 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 northof 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.

△ Offshore production facility
JAPEX Corporate Guide 2024

5

● ●

Hokkaido Gas Co., Ltd.
Ishikari LNG Base

Domestic Projects

Ⅰ
LNG tank truck

Ensuring Stable Supply
of Diverse Energies
to Clients in Japan

Coastal vessel

LNG tank truck

Kitahiroshima

LNG tank truck

Chitose01

Tomakomai

Abashiri Biomass Power Plant No.2
Abashiri Biomass Power Plant No.3
A
Ⅱ
Ⅲ

Coastal vessel

JAPEX currently produces oil and natural gas at oil and gas ﬁelds in 10
locations around Japan and supplies the gas domestic natural gas mixed
with LNG (liqueﬁed natural gas) from overseas, to the clients in Japan byvarious methods. We also have been widening the range of energies we
can handle, including electricity from renewable energy sources.

Gas Supply Facilities
Name

LocationA

Yufutsu LNG Plant / Yufutsu LNG
Receiving Terminal

Tomakomai City, Hokkaido

B

Soma LNG Terminal

Shinchi Town, Soma County,
Fukushima

02

Oga
Akita

Oil and Gas Fields
Name

Iwafune-oki Oil and Gas Field

Location

Discovery

Start of Production

01 Yufutsu Oil and Gas Field

Tomakomai City, Hokkaido

1989

1996

02 Sarukawa Oil Field

Oga City, Akita

1958

1959

03 Ayukawa Oil and Gas Field

Yurihonjo City, Akita

1989

1995

04 Yurihara Oil and Gas Field

Yurihonjo City, Akita

1976

1984

05 Amarume Oil Field

Shonai Town, Yamagata

1960

1960

4km offshore from the mouth of
the Tainai River, Tainai City, Niigata

1983

1990

06

Iwafune-oki Oil and
Gas Field

Shibata City, Niigata

1962

1963

08 Higashi-Niigata Gas Field

Niigata City, Niigata

1959

1959

09 Yoshii Gas Field

Kashiwazaki City, Niigata

1968

1968

Ojiya City, Niigata

04
05

LNG from overseas

1960

1960

LNG tank truck

LNG tank truck
Yamagata
06

NIHONKAI LNG CO., LTD.
Niigata Terminal

07
08

Coastal vessel

Sendai
IwanumaSoma-Iwanuma
Gas Pipeline

Shiroishi

B

Niigata-Sendai
Gas Pipeline
FukushimaⅣ

LNG tank truck
10

07 Shiunji Gas Field

10 Katakai Gas Field

03

Yurihonjo
Yamagata Gas Pipeline
Tohoku Natural Gas Co., Ltd.

09

LNG from overseas

Koriyama

Uonuma

LNG tank truck

Ⅴ

Shiroishi-Koriyama Gas Pipeline

Soma LNG Terminal
LNG tank truck

Power Plant
Name
Gas supply facilities
Power plant
Natural gas pipeline

Ⅵ

Ⅷ

Ⅶ

Type

Location

Operating Company

Abashiri City, Hokkaido

Abashiri Biomass Power 2 LLC
Abashiri Biomass Power 3 LLC

Ⅰ

Abashiri Biomass Power Plant No.2
Abashiri Biomass Power Plant No.3

BiomassⅡ

Mega Solar Power Plant on
JAPEX Hokkaido District Ofﬁce

Photovoltaic (PV) Tomakomai City, Hokkaido

Japan Petroleum Exploration Co., Ltd.

Ⅲ

Yufutsu Solar Power Plant

Photovoltaic (PV) Tomakomai City, Hokkaido

Solar Power Tomakomai Co., Ltd.

Ⅳ

Mitsuke PV Power Plant

Photovoltaic (PV) Mitsuke City, Niigata

Japan Petroleum Exploration Co., Ltd.

Ⅴ

Fukushima Natural
Gas Power Plant

Natural Gas(LNG)

Shinchi Town, Soma County,
Fukushima

Fukushima Gas Power Co., Ltd.

Ⅵ

Tahara Biomass Power Plant*

Biomass

Tahara City, Aichi

Tahara Bio-Power LLC

Ⅶ

Ozu Biomass Power Plant*

BiomassOzu City, Ehime

Ozu Biomass Power Co., Ltd.

Ⅷ

Chofu Biomass Power Plant*

Biomass

Shimonoseki City, Yamaguchi

Chofu Bio-Power LLC* Under Construction

6

JAPEX Corporate Guide 2024

JAPEX Corporate Guide 2024
油ガス田

7

● ●

Carbon-Neutral Businesses and Technologies

Developing New Businesses
and Technologies Towards
a Carbon-Neutral Society
JAPEX seeks to contribute to achieving net-zero CO 2 emissions worldwide by 2050. To this end, we are working to
expand our renewable energy business as well as to develop technologies to utilize CO 2 and store it undergroundby leveraging expertise on underground and experience of managing various projects we have accumulated in our
E&P business.

TOPICS

01

TOPICS

02

CCS/CCUS

Carbon dioxide Capture and Storage (CCS) and Carbon
dioxide Capture, Utilization, and Storage (CCUS) havebeen drawing attention as methods to contribute tocarbon neutrality, a state in which net zero carbon
dioxide (CO 2) emissions are achieved. CCS is a technology that captures CO 2 emitted from factories, power
plants, and other facilities, injects it deep underground,and stores it stably. CCUS is CCS combined with theutilization of CO 2 , including CO 2 -EOR/EGR (Enhanced
Oil/Gas Recovery). For their practical use, the establishment of technologies and expertise in surveying
geological formations suitable for storing CO 2 , drilling
injection wells, and stable storing CO 2 in the long term
are required.

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

Renewable Energy
Our Efforts△ Our mega-solar power plant in Hokkaido

8

JAPEX Corporate Guide 2024

JAPEX is promoting development of renewable energy
as one of the key business field that contributes to its
growth as a comprehensive energy company, and forthe achievement of 2050 carbon-neutral goal.
In order to contribute to increasing renewable energy
output, we have been promoting development andinvestment of the projects widely such as biomass
power, PV power, offshore wind power, and geothermal
power generation in Japan and overseas, including new
projects search and examination.
We leverage our capabilities in oil and gas development
and production in new renewable energy projects such as
surveying subsurface structure and drilling technologies,
good relations with local communities, and expertise inconstructing and operating natural gas power plants.

△ Our production facility at oil and gas ﬁeld in Japan for which weare examining the utilization of CO2

JAPEX aims at early practical application of CO 2 underground storage technologies by utilizing our capabilities
to develop and produce oil and natural gas.
In Japan, we are participating in the ongoing largescale CCS demonstration project at Tomakomai, Hokkaido as a member of Japan CCS Co., Ltd. established byprivate companies. Also, as a Japanese Advanced CCS
Project which aims at starting CO 2 injection by 2030,
we are conducting feasibility study at Tomakomai area of
Hokkaido prefecture and Higashi-Niigata area of Niigata
Prefecture, in collaboration with various companies. In
these studies, we are considering business deployment
by using concept of hub and clusters, which connects
various sites such as CO 2 utilizers, in addition to CO 2
emitters and injection points.
In overseas, we participate in feasibility studies inIndonesia and Malaysia. These studies include establishment of the CCS/CCUS hubs and cluster CO 2 from othercountries including Japan, and transportation of CO 2 .

JAPEX Corporate Guide 2024

9

Energy Exploration and Development Technologies

Establishing Technologies
for Next Generation to
Underpin Developmentof Energy Resources
The application of JAPEX s proprietary technology to explore underground is expected not to be limited
to the development of oil and natural gas. We have consistently sought to establish and enhancedevelopment and production technologies for unconventional resources such as shale formation andmethane hydrate, which is a potential domestic energy resource for the future.

TOPICS

01

Subsurface Exploration Technology

In the exploration phase of oil or natural gas, we
assess the amount of available resources by exploring
the subsurface structures and rocks that cannot be
observed directly with the human eye. In particular,
surveys called geophysical survey require special
facilities and technologies.

△ Land seismic survey using a vibroseis vehicles

10

JAPEX Corporate Guide 2024

Seismic survey is one of the typical example ofgeophysical surveys. Seismic survey is a method thatgenerates elastic waves artificially near the ground torecord the data of reflected waves, which have hit andbounced back from the interface of subsurface strata.
Recorded data are then processed and analyzed using
a computer. The method is the most effective way ofunderstanding subsurface structure over a wide area.
On land, a special-purpose vehicle called vibroseis oran explosive source is used to make the land vibrate,
whereas an airgun is used to generate elastic waves inthe sea. The reflected waves from underground or
under the seabed are measured using the receiversystem placed on the ground or near the sea surface.
Taking advantage of strength of being able to complete these surveys within its own group, we have
utilized the obtained subsurface data not only in the
exploration and development of oil and natural gas but
also in the evaluation of reservoirs for Carbon dioxide
Capture and Storage (CCS) and Carbon dioxide Capture,
Utilization, and Storage (CCUS).

TOPICS

02

Tight/Shale Formation Development Technology

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 production
has been enabled by commoditization of the horizontal
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 Japan and overseas. In overseas, we are participating in the tight oil development in
Texas, US. In Japan, JAPEX succeeded in Japanʼs firstcommercial 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. As
such, we have been pursuing the potential of the tightoil development in Japan.

TOPICS

03

Horizontal well

Hydraulic fracturing

Approx.
2,000 m–● ●3,000 mApprox. 1,500 m or more
△ Illustrative diagram of shale gas and tight oil development& production

Methane Hydrate

Methane hydrate is an ice-like mixture of water andmethane, 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
confirmed to exist abundantly in the sea near Japan,
raising expectation as one of the potential domesticenergy resources going forward.
Currently, the government-led project towards commercialization 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 shareholders of Japan Methane Hydrate Operating Co., Ltd.
(JMH) established jointly by private companies engaged
mainly in oil and gas E&P or plant engineering.

△ Combustion of artiﬁcial methane hydrate(photo courtesy of the MH21-S ResearchConsortium)
JAPEX Corporate Guide 2024

11

● ●

Energy Supply

Supply Chain to Stably
Distribute Lower
Environmental Impact Energies
JAPEX supplies natural gas produced in Japan combined with LNG from overseas, through a natural gas supply chainthat utilizes various infrastructure and methods. JAPEX is also involved in natural gas power generation fueled by LNG.

TOPICS

02

LNG Satellite System

The LNG Satellite System, which supplies LNG to remoteplaces beyond the reach of our gas pipelines, also is an
integral part of our natural gas supply network.
To supply LNG to clients in a wider area, JAPEX ships
LNG by tank trucks in Hokkaido, Tohoku, and Hokuriku area.

Response to New LNG Demands

TOPICS

1201

Domestic Natural Gas Supply Network

In order to respond the demands for LNG which has lower
environment impact, including fuel conversion to LNG,JAPEX has been promoting the energy services together
with the city gas suppliers in Japan, and developing
the LNG supply infrastructure business at overseas,
particularly in Southeast Asia where demands for natural
gas and LNG is expected to grow.

JAPEX has built and operated a proprietary gas supply
network to ensure stable supply of natural gas, bothproduced in Japan and procured from abroad, to its clients.
The network is made up of high-pressure gas pipelinesthat connect gas fields in production and LNG terminals.
The network, consisting mainly of the Niigata-Sendai
Gas Pipeline and extending more than 800 km, combinesand supplies the gas produced in the Niigata area andthe 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 theunderground 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 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- B ) withtwo 230,000 kl LNG tanks, the largest class ground typetanks 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 originalliquefied form to clients, and transports LNG to otherlocations by coastal vessels.
At the Yufutsu LNG Receiving Terminal and the Yufutsu
LNG Plant ( see page 7- A ), LNG vaporized gas,
produced 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.

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

△ Niigata-Sendai Gas Pipeline△ Soma LNG Terminal△ Fukushima Natural Gas Power Plant(Fukushima Gas Power Co., Ltd.)JAPEX Corporate Guide 2024

TOPICS

03△ LNG shipping facility for tank trucks at the Soma LNG Terminal

Natural Gas Power Generation
The Fukushima Natural Gas Power Plant, adjacentto the Soma LNG Terminal, is capable of generating amaximum of 1.18 million kWh of electricity using LNG
vaporized gas as fuel. The plant has achieved world-classefficiency by adding innovative technology components
to the well-tested facilities which have adopted thegas turbine combined cycle (GTCC) method. The main
facilities are designed to withstand the level of disasters
equivalent to that of the Great East Japan Earthquake.
Under the consignment from Fukushima Gas
Power 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.

JAPEX Corporate Guide 2024

13

● ●

Sustainability

TOPICS

Achieving Sustainable
Growth and Enhancing
Corporate Value throughTrusted Relationships with
Stakeholders
For JAPEX to achieve sustainable growth and enhance its corporate value through its mission of stable energy supply,
it is essential to build trusted relationships with local communities where JAPEX operates, clients, 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.

TOPICS

01

14

JAPEX Corporate Guide 2024

Protection and Preservation of Environment

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 resources, and air
pollution to take preventive 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 to public waters.
We are also mitigating environmental impact, including
conserving ecosystems. In addition to assessing theenvironmental impact at the feasibility study stage and taking
necessary measures based on the assessment results,
we continue to review risks and measures and monitor thesurrounding environment after the business is launched.

TOPICS

03

hazardous situations have decreased as injury incident
rate has improved, but this does not mean that hazards
in the workspace have disappeared. We are utilizing thissystem as a complementary tool to address the lack ofexperience in actual work and on-site response.
We are also working on to ensure the safety of businesssites and employees and to manage crisis under our
Health, Safety, Security and Environment (HSSE) policy.
The HSSE Committee, chaired by the executive officer
responsible for the HSE department and organized by theother relevant executive officers, deliberate and determine
the HSSE principal strategy and key focus areas.
For employees working in abroad and head office, we areworking on to raise awareness of crisis management evenin normal times by collection, analysis and assessment on
overseas security information, providing cases and alerts,
and conducting overseas security seminars to those to bedispatched or assigned as an expatriate abroad, in addition
to overseas emergency response drills.
We have also formulated a business continuity plan
(BCP) against emergencies such as large earthquakes
and a pandemics. 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.

△ Educational class provided by Soma District Ofﬁce

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

Good Relations with Communities

HSE and Crisis Management

With Health, Safety and Environment (HSE) as a
top priority agenda in business activities, JAPEX
has established JAPEX HSE Policy, developed HSE
Management System (HSE-MS), and deployed it atour business. 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 isappropriately audited and improved as necessary.
JAPEX provides all employees with educational
programs and lectures by the external instructors to raise
their HSE understanding and improve our HSE culture.
We have introduced virtual reality (VR) hazard
simulation equipment at our domestic sites. The
opportunities for employees to encounter directry△ VR training for new employee education

02

04

JAPEX strives to remain a trusted company in the regions
around the world where we operate through dialogue
and communication with various stakeholders andcontribution to local communities.
In Japan, we join or otherwise support events hosted by
local governments and offer lectures, facility tours, andwork experience programs to local school students.
We also join local events and volunteer activities in theregions where we operate.
Overseas, we help to develop social infrastructure for,provide donations and support to, and cooperate andinteract with, local communities where we participate.

Employer of Choice

We will work to promote diversity with the aim of ensuringthat every one of our diverse employees feels engaged
and fulfilled in their work, achieves their full potential, andactively contributes to innovation for change.
For employees career development, we provide
educational programs to facilitate each employees
proactive career development as well as to support
developing and improving their competency and skill set.
Also, we have established a health management
promotion system based on JAPEX Health Management
Declaration, and offers regular health checkups requiredby law, programs to support employee health promotion,
work-life balance promotion.

△ Management training seminar at Head Ofﬁce
JAPEX Corporate Guide 2024

15

● ●

Corporate Profile● ●Company Name: Japan Petroleum Exploration Co., Ltd.
Established:

April 1, 1970

Paid-in Capital:

JPY14,288,694,000

Number of Employees:

1,617 (consolidated basis)

1950s to 1960s(as of March 31, 2023)

Main Businesses:

Representative: Representative Director and President
Chief Executive Officer
YAMASHITA Michiro

December 1955

Exploration, development, production, and saleof oil, natural gas, and other energy resources,
contact service-related operations such as
drilling; development of solar, wind, geothermal, biomass, and other renewable energy
resources; and supply of electric power

Main Offices
Hokkaido District Office:

Houston Representative Office:

SAPIA Tower, 1-7-12, Marunouchi,
Chiyoda-ku, Tokyo
100-0005, Japan
TEL: +81-3-6268-7000

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

5051, Westheimer, Suite 425 Houston, TX
77056 United States
TEL: +1-713-334-9800

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

Gama Tower 19th Floor,
Jl. H.R. Rasuna Said Kav. C-22, Jakarta
12940 Indonesia
TEL: +62-21-2519-9938

Nagaoka District Office:

Aberdeen Representative Office:2-2-83, Higashi-Zao, Nagaoka City,
Niigata 940-8555, Japan
TEL: +81-258-31-1401

Neo House, Riverside Drive, Aberdeen,
AB11 7LH, UK
TEL: +44-12-2401-3480

Soma District Office:Dubai Representative Office:159-2, Imagami, Komagamine,
Shinchi Town, Soma County,
Fukushima 979-2611, Japan
TEL: +81-244-26-9846

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

Sendai Representative Office:Singapore Branch:

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

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

April 1970

Reorganized as a private company by separatingfrom JPDC

May 1971

Established Japex Offshore Ltd.

Japex Offshore Ltd.

Abashiri Biomass Power 3 LLC

SK ENGINEERING CO., LTD.

GEOSYS, Inc.

Japex (U.S.) Corp.

JAPEX SKS Corporation

Japex Energy Co., Ltd.

JAPEX UK E&P Ltd.

North Japan Oil Co., Ltd.

Japex Garraf Ltd.

JAPEX Insurance Ltd.

Shirone Gas Co., Ltd.

TOHOKU NATURAL GAS Co., Inc.

Energi Mega Pratama Inc.

Japex Pipeline Ltd.

TELNITE CO., LTD.

Kangean Energy Indonesia Ltd.

JGI, Inc.

Fukushima Gas Power Co., Ltd.

EMP Exploration (Kangean) Ltd.

Geophysical Surveying Co., Ltd.

Sakhalin Oil and Gas Development Co., Ltd.

Longboat Energy Norge AS

North Japan Security Service Co., Ltd.

Abashiri Biomass Power 2 LLC

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

1990s to 2000s
March 1996

Commenced operation of the Niigata-Sendai Gas
Pipeline

March 2000

Commenced transportation of LNG tank containeron railJanuary 2003

Commenced commercial production of bitumen by
the SAGD method in Hangingstone leases in Canada(Ended promotion of the project in 2021)

December 2003

Listed on the First Section of the Tokyo Stock Exchange

May 2007

Participated in the Kangean project in Indonesia△ Niigata-Sendai Gas Pipeline

2010s and thereafterNovember 2011

Akita Natural Gas Pipeline Co., Ltd.

△ JAPEX foundation ceremony

Integrated into a newly established Japan
Petroleum Development Corporation (JPDC)△ Aga-oki Platform

Main Group Companies

JAPEX Corporate Guide 2024

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

March 1972

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

16

May 1965

1970s to 1980s

Research Center:● ●Discovered the Biratori oil field in Hokkaido, thefirst oil field discovered by JAPEX (in production
from 1956 to 1961)

Jakarta Representative Office:Akita District Office:Founded as a government-owned company by the
Law of Japan Petroleum Exploration Co., Ltd.

July 1956

October 1967

Head Office:△ Head Ofﬁce

Corporate Histor yApril 2013

Participated in the shale gas project in Canada(Ended participation of the project in 2021)

August 2013

Commenced production of crude oil of the Garraf
project in Iraq

June 2014

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

March 2018

Commenced operation of the Soma LNG Terminal

April 2020

Commenced commercial operation of the
Fukushima Natural Gas Power Plant

October 2022

● ●Commenced operation of the Yufutsu LNG
Receiving Terminal△ Soma LNG Terminal ﬁrst cargo

Abashiri Biomass 2nd Power Plant commenced
commercial operation (its 3rd Power Plant
commenced commercial operation in March 2023)

For detailed and updated information, please visit our website.

https://www.japex.co.jp/en/
JAPEX Corporate Guide 202417