Commercial Production Commencement of Crude 카지노 커뮤니티 from Shallow Reservoir at the Yufutsu 카지노 커뮤니티 and Gas Field in Hokkaido

Japan Petroleum Exploration Co., Ltd. (JAPEX) announced that the production of heavy crude oil commenced today from the Takinoue Formation (hereinafter "the shallow reservoir"), which is located above thes current products at Tomakomai City, Hokkaido.

The presence of crude 카지노 커뮤니티 in the shallow reservoir was confirmed by a production testing in 2013, and since economic viability was secured by workover of existing wells and diversion of idle production facilities, we decided the developreservoirin June 2017. Subsequently, workover of the existing wells, installation of production equipment for wellheads and the processing facilities for heavy 카지노 커뮤니티 were being conducted, and after completion of production testing and commissioning in June 2

The initial production rate of crude 카지노 커뮤니티 from the shallow reservoir is approximately 200 kiloliters per day. We will continue reservoir evaluation based on the analysis of production data and will examine the possibility of the further development

We will continue to place the highest priority on safety in the production and operation of 카지노 커뮤니티 and gas fields in Japan and overseas, while maximizing the value of 카지노 커뮤니티 and gas resources by maintaining and increasing production at existing fields and conduct fields.

The impact of this matter on the consolidated financial results for the fiscal year ending March 31, 2021 has already been factored into the full-year earnings forecast disclosed on May 14, 2020.

Related News

• Disclosure on June 23, 2017 "Commencement of Oil Development of a Shallow Reservoir of Yufutsu Oil and Gas Field in Hokkaido"