Japan Petroleum Exploration Co., Ltd. (1662) Stock Price

Japan Petroleum Exploration Co., Ltd. operates three main business segments: "E&P Business," "Infrastructure & Utility Business," and "Other Business." The company is a large enterprise group conducting operations both domestically and internationally, with 23 subsidiaries and 20 affiliated companies.

In Japan, Japan Offshore Oil Development conducts crude oil and natural gas production as part of the E&P Business. Additionally, Kita-Nippon Oil purchases crude oil from Japan Petroleum Exploration and sells it, supporting domestic energy supply.

In the Infrastructure & Utility Business, Japan Petroleum Exploration manufactures vaporized gas using domestically produced natural gas and imported LNG as raw materials, and sells it through gas pipelines exceeding 800 kilometers in length. Furthermore, the company operates power generation through Fukushima Gas Power and is engaged in renewable energy development.

In Other Business, SK Engineering undertakes well drilling operations, and Physics Measurement Consultant performs well logging services related to drilling operations. Additionally, Japex Energy sells petroleum products, providing diverse energy-related services.

In North America, Japex (U.S.) Corp. operates E&P business, and Gulf Coast LNG Holdings LLC participates in the Freeport LNG Project, strengthening energy supply in the North American market.

In Europe, JAPEX UK E&P Ltd. operates E&P business in the British North Sea, and JAPEX Norge AS operates in Norwegian waters, advancing energy resource development and supply in Europe.

In the Middle East, Japex Garaf operates E&P business at the Gharaf Oil Field in Iraq, advancing energy resource development in the region.

In other regions, the company operates E&P business in Southeast Asia and Russia. Through affiliated companies such as Energi Mega Pratama Inc. and Sakhalin Oil and Gas Development, it supports energy supply in these regions.

Japan Petroleum Exploration Co., Ltd. (JAPEX) is committed to contributing to society by ensuring stable energy supply. The company is advancing efforts toward achieving the Sustainable Development Goals. JAPEX operates exploration, development, production, and sales of oil and natural gas both domestically and internationally, and contributes to addressing energy and climate change challenges through strengthening its gas supply chain and developing new technologies.

The company has formulated "JAPEX2050" and the "JAPEX Management Plan 2022-2030" to realize a carbon-neutral society. Under "JAPEX2050," the company aims to achieve net-zero greenhouse gas emissions from its own operations by 2050, focusing on commercializing CO2 injection and storage technology and expanding renewable energy projects.

The "JAPEX Management Plan 2022-2030" is based on strengthening profitability and building a business foundation with a view toward 2030 and beyond. The company is advancing priority initiatives in the Exploration & Production sector, Infrastructure & Utility sector, and Carbon Neutrality sector, aiming to achieve profit levels commensurate with capital costs and enhance shareholder returns.

As JAPEX advances efforts toward realizing a carbon-neutral society by 2050, the company aims for sustainable growth and enhanced corporate value. Through these efforts, JAPEX seeks to establish its position as a comprehensive energy company and fulfill its social responsibilities.