Production start at the UK North Sea Seagull field at the end of 2021
First written in FY2021-Q2. 2 of 7 entries say "Restated". Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AchievedAnnual report
「On 7 July 2025, the Company transferred all of its shares in JUK, a consolidated subsidiary, to Ithaca Energy (UK) Limited. As a result, the facilities related to JUK no longer qualify as major facilities of the Company’s Group.」
For JUK, whose profitability was judged difficult to maintain and expand after production began at the Seagull field, the transfer of all shares was completed on 7 July 2025, and the business was excluded from the scope of consolidation. - FY2025Decision to sell the production assetAnnual report
「In light of the increasing uncertainty in the UK business environment, including the introduction and increase of the rate of the Energy Profits Levy on oil field development projects in the UK, the Company determined that it would be difficult to maintain and expand the profitability of the Seagull field. It therefore decided to transfer all of its shares in JUK to Ithaca Energy (UK) Limited for approximately US$223 million.」
For the Seagull field, which began production in November 2023, decided to transfer all JUK shares for approximately US$223 million due to the UK tax system and business environment. The scheduled transfer date is 1 July 2025. - FY2024AchievedAnnual report
「JAPEX UK E&P began production from the Seagull field in November 2023.」
For the Seagull field in the UK North Sea, production began in November 2023 following the delay from the target of year-end 2021 to the first half of 2023. - FY2022-Q3RestatedAnnual report
「In the Seagull field in the UK North Sea, following a review of the development plan in light of the impact of the infectious disease and other factors, the start of production, which had been scheduled for the end of this year, is now expected to be delayed until the first half of 2023.」
The outlook for production at the Seagull field to be delayed until the first half of 2023 has been reaffirmed, with no new progress indicated from the previous quarter. - FY2022-Q2SoftenedAnnual report
「In the Seagull field in the UK North Sea, following a review of the development plan in light of the impact of the infectious disease and other factors, the start of production, which had been scheduled for the end of this year, is now expected to be delayed until the first half of 2023.」
The target for starting production at the Seagull field was pushed back from the end of 2021 to the first half of 2023, indicating a softening of the development plan. - FY2022-Q1RestatedAnnual report
「In addition, the development schedule for the Seagull field in the UK North Sea, where development work is under way with the goal of starting production at the end of this year, may also change.」
Continues to disclose the target of starting production at the Seagull field by the end of this year and the possibility of changes to the development schedule and other matters. - FY2021-Q2First statedAnnual report
「The development schedule for the Seagull field in the UK North Sea, where development work is under way with the goal of starting production at the end of 2021, may also change.」
For the Seagull field in the UK North Sea, disclosed for the first time that development work was under way with the goal of starting production at the end of 2021 and that the schedule could change due to the impact of COVID-19 and other factors.