Losses Caused by Operational Accidents, Disasters and Environmental Pollution
First written in FY2016. 4 of 13 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2025-H1.
Japan Petroleum Exploration moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2021: 6 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「Expense related to the provision for disaster losses 141 －」
The expense related to the provision for disaster losses decreased from ¥141 million in the same period of the previous year to nil in the current interim consolidated accounting period. - FY2024MitigatedAnnual report
「Provision for disaster losses 2,119 169」
The provision for disaster losses decreased from ¥2,119 million at the end of the previous fiscal year to ¥169 million, reducing the amount recognized as a future disaster-related burden. - FY2024-Q3MitigatedAnnual report
「Expense related to the provision for disaster losses 576 217」
The expense related to the provision for disaster losses decreased from ¥576 million in the same period of the previous year to ¥217 million, reducing the burden of disaster-related losses year on year. - FY2024-Q2MitigatedAnnual report
「Expense related to the provision for disaster losses 250 141」
The expense related to the provision for disaster losses decreased from ¥250 million in the same period of the previous year to ¥141 million. - FY2024-Q1Increase in the expense related to the provision for disaster lossesAnnual report
「Expense related to the provision for disaster losses 25 233」
In the quarterly consolidated income statement, the expense related to the provision for disaster losses increased from ¥25 million in the same period of the previous year to ¥233 million. This filing does not explain the details of the events that occurred. - FY2023Expansion of the risk scope to include cybersecurity and other risksAnnual report
「The Company cannot completely prevent the risk of personal and property damage or the inability to operate oil and gas fields and other facilities resulting from operational accidents or disasters, including abnormal weather, earthquakes and other natural disasters, the spread of epidemics, including pandemics, or crime and terrorism, including cyber-related incidents.」
The risks have been organized as company-wide operational shutdown risks, including pandemics, crime, terrorism and cybersecurity, in addition to conventional operational accidents and natural disasters. - FY2022MaterialisedAnnual report
「A loss was recognized for damage caused by the earthquake off the coast of Fukushima Prefecture in March 2022. Of the ¥1,416 million disaster loss, ¥970 million was an expense related to the provision for disaster losses.」
Regarding operational accident and disaster risks, the recognition of a ¥1,416 million loss caused by the earthquake off the coast of Fukushima Prefecture materialized. - FY2021MaterialisedAnnual report
「A loss of ¥900 million was recognized for damage caused by the earthquake off the coast of Fukushima Prefecture in February 2021.」
Regarding accident and disaster risks, a disaster loss of ¥948 million was recognized in connection with the earthquake off the coast of Fukushima Prefecture. - FY2020MaterialisedAnnual report
「As a precautionary measure to ensure employee occupational health and safety amid the spread of COVID-19, all personnel from outside Iraq have been withdrawn from the country since 16 March 2020, and development and production operations have consequently been temporarily suspended.」
The risk of operational shutdowns caused by epidemics, disasters and other events materialized in the form of the temporary suspension of development and production operations at the Garraf oil field. - FY2019Explicit disclosure of consequential losses from operational accidents and disastersAnnual report
「Our Group works to establish safety systems and emergency response measures for operations including well drilling; the production and transportation of crude oil and natural gas; and the storage, regasification and transportation of LNG. However, there is always a risk of personal injury and property damage resulting from operational accidents or disasters, including natural disasters. If such an accident or disaster occurs, not all resulting damage will necessarily be covered by insurance. In addition to direct damage, it may cause consequential losses such as lower revenue from interruptions to sales, claims for damages from customers, claims for damages due to environmental pollution, administrative sanctions and reputational damage.」
In addition to conventional personal injury and property damage, explicitly identifies consequential losses related to LNG operations, including sales interruptions, claims for damages, administrative sanctions and reputational damage. - FY2018-Q1MaterialisedAnnual report
「JACOS produced a cumulative 35 million barrels of bitumen in the DEMO area after beginning pilot production operations using the SAGD method in 1999. However, in light of the wildfire that occurred in May 2016 and efforts to improve profitability amid low oil prices, production operations were temporarily suspended from that same month.」
A natural disaster previously assumed as an operational accident and disaster risk actually occurred in the form of a temporary suspension of production operations due to a wildfire. - FY2017RestatedAnnual report
「Our Group works to establish safety systems and emergency response measures for operations including well drilling and the production and transportation of crude oil and natural gas. However, there is always a risk of personal injury and property damage resulting from operational accidents or disasters, including natural disasters.」
Reconfirms that operational accident and disaster risks remain despite the establishment of safety systems and emergency response measures. - FY2016First statedAnnual report
「Our Group works to establish safety systems and emergency response measures for operations including well drilling and the production and transportation of crude oil and natural gas. However, there is always a risk of personal injury and property damage resulting from operational accidents or disasters, including natural disasters.」
Explains that operational accident and disaster risks remain despite the establishment of safety systems and emergency response measures.