Continued Development and Additional Investment in the Kangean Block
First written in FY2017. 2 of 5 entries say "Restated". Latest entry: 2026-05-13.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- 2026-05-13DroppedFinancial results presentationSuggests it is closing out
「Divestment from the Kangean Block in Indonesia」
The divestment from the Kangean Block is bringing the company's participation, premised on continued development and additional investment in the block, to an end. - FY2022RestatedAnnual report
「The Southeast Asia business segment, including the Kangean Block, includes production-stage affiliates such as Energi Mega Pratama Inc.」
The company continues its Southeast Asian production business, including the Kangean Block, through affiliates. - FY2020RestatedAnnual report
「The ¥500 million decrease in investment income and loss under the equity method resulted from depreciation and amortization expenses associated with the commencement of production at the Sirasun and Batur gas fields, which are part of the TSB gas field group in the Kangean Block, at Energi Mega Pratama Inc. These factors outweighed the increase resulting from higher crude oil sales volumes at Sakhalin Oil and Gas Development Co., Ltd.」
The company is reassessing the status of continued development and production, including the cost burden following the start of production at the Sirasun and Batur gas fields in the Kangean Block. - FY2019AdvancedAnnual report
「The block contains multiple oil and gas fields and structures. While continuing production at some oil and gas fields that were already producing when the company entered the block, the company began commercial production at the Terang gas field in May 2012 and the Sirasun-Batur gas field in March 2019, respectively, and is also advancing exploration and development work in other prospective areas.」
The company reached the specific development milestone of commencing commercial production at the Sirasun and Batur gas fields in the Kangean Block. - FY2017First statedAnnual report
「In addition to the oil and gas fields currently under development in the block, there are several structures with exploration potential. In addition to funding loans, debt guarantees and other financing expected to arise as development progresses, substantial additional investment may be required if these large structures are explored and developed.」
The company indicated the possibility of additional investment in several structures with exploration potential, in addition to projects under development in the Kangean Block.