Commencement of 카지노 사이트 Development of a Shallow Reservoir of Yufutsu 카지노 사이트 and Gas Field in Hokkaido

카지노 사이트 (JAPEX) announced that it decided to commence oil development of a shallow reservoir named the Takinoue Formation of the Yufutsu Oil and Gas Field in Tomakomai city, Hok of crude oil. The Takinoue Formation is a discovered but undeveloped reservoir which is shallower than the current oil and gas producing reservoir of the Field.

JAPEX discovered crude 카지노 사이트 after its exploration activities in northern part of this 카지노 사이트 reservoir and successfully conducted production test in 2013 (*). Subsequently, we continued evaluation of the 카지노 사이트 reserves in the entire shallow appropriate development plan and feasibility of the development. As a result, it decided to commence development, since it is expected that crude 카지노 사이트 reservoir spread out widely in the Takinoue Formation while the quality of 카지노 사이트 is heavy, andwe development cost such as modification of existing wells and diversion of idle production facilities of the Yufutsu 카지노 사이트 and Gas Field.

JAPEX will commence development from coming July 2017, proceeding modification of the existing wells to the production wells and conducting installation work of additional well-head facilities and heavy 카지노 사이트 processing facilities in order. Commence 2019 and initial production rate is expected 200 kiloliters per day. We also continue the reserves study for the shallow카지노 사이트 reservoir, and pursue the possibility of additional development.

The impact of this matter to the consolidated financial forecast of the fiscal year ending March 31, 2018 is negligible, and we will disclose the impact to the consolidated financial forecast in future appropriately after the fiscal year ending March