JAPEX
Encyclopedia
is a hydrocarbon exploration, production and transportation company. JAPEX explores and produces crude oil, natural gas
and liquefied natural gas
reserves worldwide. JAPEX has proven reserves of 272 million barrels in Japan and the rest of the world. Aside from operations in Hokkaido
, Akita
, Yamagata
and Niigata
in Japan
, JAPEX has major operations in Canada
, Indonesia
and Libya
. Although currently a private company, the Government of Japan
owns a 34% stake in JAPEX.
. Between 1958 and 1968, JAPEX discovered 10 oil fields within Japan. In 1965, JAPEX's operational range began to go overseas and in 1967, JAPEX was incorporated into the government-owned Japan Petroleum Development Corporation (JPDC). On April 1, In 1970, JAPEX was separated from the JPDC and reorganized as a privately owned company.
In 1971, Japex Offshore Ltd. was created, spurring international and offshore exploration and production. In 1978, Japan Canada Oil Sands Limited (JACOS)
was established. From 1980-2006, JAPEX would establish Japex U.S. Corps, Japex New Nanhai Ltd., Japex Pipeline Ltd., Shirone Gas Corp. Ltd., Japex Libya Ltd., Japex Block A Ltd., Japex Philippines Ltd. and Japex Buton Ltd. Between 1985 and 2005, JAPEX opened offices in Beijing
, London
, Jakarta
, Houston and Dubai
as well.
primarily center on Niigata
, Akita
, and Hokkaido
. Overseas, JAPEX is focused on Southeast Asia, Canada, North Africa, the Middle East, and Sakhalin
in Russia
. In 2007, JAPEX produces 132 thousand barrels of oil equivalent a day; 100 thousand overseas and 32 thousand domestically.
Domestically, JAPEX conducts exploration and production near existing reserves while also exploring other areas of Japan. JAPEX is also working on systems to supply more natural gas
and liquefied natural gas
to a broader base of customers in Japan. JAPEX is currently extending and upgrading an already 826 km natural gas pipeline.
Overseas, JAPEX works to acquire the rights to already discovered oilfields and to acquire exploration rights in order to find additional oil reserves. JAPEX is involved in projects within the United States
, Russia
(Sakhalin Islands), Indonesia
, Canada
, Iran
, Libya
and had negotiated for Iraq
's oil reserves as well.
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
and liquefied natural gas
Liquefied natural gas
Liquefied natural gas or LNG is natural gas that has been converted temporarily to liquid form for ease of storage or transport....
reserves worldwide. JAPEX has proven reserves of 272 million barrels in Japan and the rest of the world. Aside from operations in Hokkaido
Hokkaido
, formerly known as Ezo, Yezo, Yeso, or Yesso, is Japan's second largest island; it is also the largest and northernmost of Japan's 47 prefectural-level subdivisions. The Tsugaru Strait separates Hokkaido from Honshu, although the two islands are connected by the underwater railway Seikan Tunnel...
, Akita
Akita Prefecture
is a prefecture of Japan located in the Tōhoku Region of northern Honshu, the main island of Japan. The capital is the city of Akita.- History :The area of Akita has been created from the ancient provinces of Dewa and Mutsu....
, Yamagata
Yamagata
-Places in Japan:*Yamagata Prefecture**Yamagata City, the capital city of Yamagata Prefecture**Yamagata Airport , an airport located in Yamagata**Yamagata Shinkansen, one of Shinkansen lines running between Tokyo Station and Shinjo Station...
and Niigata
Niigata Prefecture
is a prefecture of Japan located on the island of Honshū on the coast of the Sea of Japan. The capital is the city of Niigata. The name "Niigata" literally means "new lagoon".- History :...
in Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
, JAPEX has major operations in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
and Libya
Libya
Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....
. Although currently a private company, the Government of Japan
Government of Japan
The government of Japan is a constitutional monarchy where the power of the Emperor is very limited. As a ceremonial figurehead, he is defined by the 1947 constitution as "the symbol of the state and of the unity of the people". Power is held chiefly by the Prime Minister of Japan and other elected...
owns a 34% stake in JAPEX.
History
JAPEX was founded in 1955 as a government-owned company in order to seek petroleum self-sufficiency for JapanJapan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
. Between 1958 and 1968, JAPEX discovered 10 oil fields within Japan. In 1965, JAPEX's operational range began to go overseas and in 1967, JAPEX was incorporated into the government-owned Japan Petroleum Development Corporation (JPDC). On April 1, In 1970, JAPEX was separated from the JPDC and reorganized as a privately owned company.
In 1971, Japex Offshore Ltd. was created, spurring international and offshore exploration and production. In 1978, Japan Canada Oil Sands Limited (JACOS)
JACOS
Japan Canada Oil Sands Limited is an oil sands extraction company. It is the operator of the Hangingstone oil sands project. JACOS is a subsidiary of JAPEX , which owns 86% share in the company...
was established. From 1980-2006, JAPEX would establish Japex U.S. Corps, Japex New Nanhai Ltd., Japex Pipeline Ltd., Shirone Gas Corp. Ltd., Japex Libya Ltd., Japex Block A Ltd., Japex Philippines Ltd. and Japex Buton Ltd. Between 1985 and 2005, JAPEX opened offices in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Jakarta
Jakarta
Jakarta is the capital and largest city of Indonesia. Officially known as the Special Capital Territory of Jakarta, it is located on the northwest coast of Java, has an area of , and a population of 9,580,000. Jakarta is the country's economic, cultural and political centre...
, Houston and Dubai
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
as well.
Operations
JAPEX’s exploration and production operations in JapanJapan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
primarily center on Niigata
Niigata Prefecture
is a prefecture of Japan located on the island of Honshū on the coast of the Sea of Japan. The capital is the city of Niigata. The name "Niigata" literally means "new lagoon".- History :...
, Akita
Akita Prefecture
is a prefecture of Japan located in the Tōhoku Region of northern Honshu, the main island of Japan. The capital is the city of Akita.- History :The area of Akita has been created from the ancient provinces of Dewa and Mutsu....
, and Hokkaido
Hokkaido
, formerly known as Ezo, Yezo, Yeso, or Yesso, is Japan's second largest island; it is also the largest and northernmost of Japan's 47 prefectural-level subdivisions. The Tsugaru Strait separates Hokkaido from Honshu, although the two islands are connected by the underwater railway Seikan Tunnel...
. Overseas, JAPEX is focused on Southeast Asia, Canada, North Africa, the Middle East, and Sakhalin
Sakhalin
Sakhalin or Saghalien, is a large island in the North Pacific, lying between 45°50' and 54°24' N.It is part of Russia, and is Russia's largest island, and is administered as part of Sakhalin Oblast...
in Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
. In 2007, JAPEX produces 132 thousand barrels of oil equivalent a day; 100 thousand overseas and 32 thousand domestically.
Domestically, JAPEX conducts exploration and production near existing reserves while also exploring other areas of Japan. JAPEX is also working on systems to supply more natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
and liquefied natural gas
Liquefied natural gas
Liquefied natural gas or LNG is natural gas that has been converted temporarily to liquid form for ease of storage or transport....
to a broader base of customers in Japan. JAPEX is currently extending and upgrading an already 826 km natural gas pipeline.
Overseas, JAPEX works to acquire the rights to already discovered oilfields and to acquire exploration rights in order to find additional oil reserves. JAPEX is involved in projects within the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
(Sakhalin Islands), Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, Iran
Iran
Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...
, Libya
Libya
Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....
and had negotiated for Iraq
Iraq
Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....
's oil reserves as well.