Maximizing the Value of Existing Oil and Gas Fields and Pursuing Offshore Potential
First written in FY2016. 2 of 7 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024WorsenedAnnual report
「The main factors behind the ¥14.2 billion decline in profit in the domestic E&P business were lower sales volumes of crude oil and natural gas and lower selling prices*.」
While stable production and additional development at existing oil and gas fields remain objectives, domestic E&P profit declined by ¥14.2 billion due to lower crude oil and natural gas sales volumes and lower selling prices. - FY2022ReframedAnnual report
「Domestic: stable production of oil and natural gas from existing oil and gas fields; additional development of existing fields and surrounding areas; and measures to reduce GHG emissions at oil and gas production facilities」
In addition to maximizing the value of and pursuing additional development at existing domestic E&P assets, reducing GHG emissions at production facilities has been incorporated as a priority. - FY2021WorsenedAnnual report
「The main factors behind the ¥14.2 billion decline in profit in the domestic E&P business were lower crude oil selling prices, lower production volumes due to depletion of domestically produced natural gas, and deterioration in earnings resulting from lower prices*.」
While the policy is to maximize the value of and pursue additional development at existing domestic oil and gas fields, lower domestically produced natural gas output, production volumes and prices have resulted in a decline in profit in the domestic E&P business. - FY2020AdvancedAnnual report
「Sales volumes of domestically produced crude oil increased by 43 thousand kiloliters, or 16.6%, year on year to 304 thousand kiloliters, reflecting higher production from the additional development of the 1,900 m layer offshore Iwafune,」
Higher production from the additional development of the 1,900 m layer offshore Iwafune was reflected in sales volumes of 304 thousand kiloliters, up 16.6% year on year. - FY2018RestatedAnnual report
「We will promote operational efficiency at our domestic operations, additional development in areas surrounding existing oil and gas fields, and offshore exploration centered on national basic surveys.」
Efficiency improvements and additional development at existing domestic oil and gas fields, together with offshore exploration centered on national basic surveys, continue to be presented as specific measures. - FY2017RestatedAnnual report
「In our domestic E&P business, we will pursue the maximum value of existing oil and gas fields and new offshore potential through national basic surveys and other activities. At the same time, even if declines in production and reserves become apparent as an inherent feature of the mining business, we will maintain our group's primary mission of ensuring a stable energy supply to domestic customers and further utilize and expand domestic gas supply infrastructure.」
The policy of pursuing the maximization of existing domestic asset value, offshore potential, stable supply and infrastructure utilization in parallel continues. - FY2016First statedAnnual report
「In our domestic E&P business, we will pursue the maximum value of existing oil and gas fields and new offshore potential through national basic surveys and other activities. At the same time, even if declines in production and reserves become apparent as an inherent feature of the mining business, we will maintain our group's primary mission of ensuring a stable energy supply to domestic customers and further utilize and expand domestic gas supply infrastructure.」
Domestically, the policy is to pursue the maximization of existing asset value, new offshore potential and utilization of supply infrastructure in parallel.