Securing New Projects by Strengthening Relationships with Oil-Producing Countries and National Oil Companies
First written in FY2017. 5 of 6 entries say "Advanced", first in FY2018. Latest entry: 2026-05-14.
2 other companies' latest entry also says "Advanced".
- 2026-05-14AdvancedEarnings
「In June 2025, we entered into an agreement with PETRONAS, Malaysia’s national energy company, to extend the production-sharing contract by 10 years, from 2028 to 2038.」
The upstream Malaysian business, based on its relationship with the national energy company, progressed to a 10-year extension of the contract term. - FY2026-H1AdvancedAnnual report
「Crude oil and natural gas production increased year on year due to the higher interest ratio following the conclusion of a new production sharing contract for Block 15-2 offshore Vietnam and increased production from projects in the Middle East.」
The company stated that a new production sharing contract for an offshore Vietnamese block, concluded against the backdrop of relationships with oil-producing countries and national oil companies, together with an increase in its participating interest, led to higher production. - FY2022AdvancedAnnual report
「In Vietnam, to maintain economically viable development and production activities in Block 15-2 offshore Vietnam, where the company continues to operate the Landon oil field as operator, the company entered into a memorandum of understanding on mutual cooperation with PetroVietnam Exploration Production Corporation, a partner in the block, toward continuing joint operations beyond the current license term.」
Strengthening relationships with oil-producing countries and national oil companies progressed to the signing of a memorandum of understanding on continuing joint operations in the Vietnamese block. - FY2020AdvancedAnnual report
「In March 2020, together with the Japan Organization for Metals and Energy Security (JOGMEC), the company entered into a joint study agreement with Malaysia's national oil company, PETRONAS, for gas-field development using CCS technology to capture CO2 emitted from gas fields and reinject it underground.」
By strengthening relationships with oil-producing countries and national oil companies, the company progressed to signing a joint study agreement with PETRONAS for CCS gas-field development. - FY2018AdvancedAnnual report
「In the Middle East, the company established an Abu Dhabi office in the United Arab Emirates in November 2017 to strengthen trusted relationships with oil-producing country governments and national oil companies and secure new business. In addition, to further expand its business in Malaysia, where it has a track record and expertise, the company reorganized its business bases centered on the Kuala Lumpur office in January 2018.」
To strengthen relationships with oil-producing countries and national oil companies and win new projects, the company established an Abu Dhabi office and reorganized its Malaysian business bases. - FY2017First statedAnnual report
「The company aims to enhance business value by further deepening trusted relationships with governments and national oil companies, while seeking new business opportunities by building trusted relationships with oil-producing countries where promising projects are expected.」
The company has identified winning upstream business opportunities by strengthening relationships in countries where it already operates and building trusted relationships in new oil-producing countries as key initiatives.