Restructuring the Resource Asset Portfolio
First written in FY2018. 4 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2024.
0 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The company promoted entry into the rare metal mining business, including through an investment in Delta Lithium Limited, which is developing a lithium business in Australia.」
The restructuring of the resource asset portfolio expanded beyond the rationalization of coal mines to include entry into Australia's lithium and rare metal businesses. - FY2022-Q3AchievedAnnual report
「The share transfer was completed on 31 January 2022.」
The transfer of a 1% stake in 出光スノーレ石油開発株式会社 to INPEX, reducing the company's stake to 49.5%, was completed on 31 January 2022. 出光スノーレ石油開発株式会社 became an equity-method affiliate, enabling a reduction in the consolidated balance sheet and joint operation of the Norwegian business with INPEX. - FY2022-Q2AdvancedAnnual report
「On 27 October 2021, the company entered into a share transfer agreement with INPEX and Osaka Gas Summit Resources Co., Ltd. regarding the transfer to INPEX of part of its shares in its consolidated subsidiary 出光スノーレ石油開発株式会社, hereinafter “Idemitsu Snorre,” collectively referred to as the “Transfer,” and hereinafter the “Agreement.”」
The company agreed to transfer 1% of the 50.5% stake in 出光スノーレ石油開発株式会社 to INPEX, while INPEX would acquire OSR's 49.5% stake. Following completion, INPEX would hold 50.5% and the company 49.5%, with plans to reduce the consolidated balance sheet by making 出光スノーレ石油開発株式会社 an equity-method affiliate and jointly operate the Norwegian business with INPEX. Completion was scheduled for early 2022, subject to approval from the Norwegian government and other conditions. - FY2021-Q3AchievedAnnual report
「The transfer to Lundin Energy Norway AS of part of the interests in blocks in the Norwegian Barents Sea held by Idemitsu Petroleum Norge, the Norwegian subsidiary of the consolidated subsidiary 出光スノーレ石油開発株式会社, which was reported as a material subsequent event in the report for the second quarter of fiscal 2021, was completed on 30 November 2020 for US$125 million.」
The transfer of part of the interests in blocks in the Norwegian Barents Sea was completed on 30 November 2020 for US$125 million, resulting in the execution of the resource asset portfolio restructuring transaction. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 October 2020, the company resolved to transfer to Lundin Energy Norway AS part of the interests in blocks in the Norwegian Barents Sea held by Idemitsu Petroleum Norge, the Norwegian subsidiary of its consolidated subsidiary 出光スノーレ石油開発株式会社, and signed a sale and purchase agreement. The transfer price is expected to be US$125 million.」
An agreement was signed to transfer part of the interests in blocks in the Norwegian Barents Sea, giving concrete form to the restructuring of the resource asset portfolio. Completion of the transfer requires approval from the Norwegian government, and the completion date has not been determined. - FY2020AdvancedAnnual report
「To reduce our environmental impact, we have begun developing the world's first floating offshore wind power facility directly connected to oil and gas production facilities.」
In addition to maintaining and enhancing existing oil and coal assets and developing gas fields in Asia, the company began development combining resource facilities with renewable energy. - FY2019-Q3RestatedAnnual report
「We will work to maintain and enhance the value of our existing oil and coal resource assets and develop gas fields in Asia.」
The company has reaffirmed its policy of combining the maintenance and enhancement of existing oil and coal assets with gas field development in Asia as part of its resource asset portfolio strategy. - FY2018First statedAnnual report
「The company transferred its UK North Sea assets to restructure its asset portfolio. It also advanced concrete studies for the development of the gas field discovered offshore Vietnam.」
For the Resources business, the restructuring of the asset portfolio combining the transfer of assets in the UK North Sea with consideration of the development of a gas field off Vietnam was described as an independent management theme.