Navigations


Business Activities

UK North Sea

The UK North Sea is one of NOEX's main territories, and a region rich with opportunities for the acquisition of exploration, development and production assets and related infrastructure. We will continue to strategically invest in this area as part of our business expansion plan.

Project Summary: Brae, Andrew, Kinnoull, Blane and other fields

JV Participants and Interests

Company Holding the Acreages JX Nippon Exploration and Production (U.K.) Limited
Shareholders (Holding Percentages) JX Nippon Oil & Gas Exploration Corporation (100%)
Project Status Exploration/Development/Production
Interest 4.0%-100.0%
Partners ◎BP
◎Shell
◎Marathon
◎Statoil
Others
Net Production 6,800 BOED (2014)

Note: ◎ Operator in a field

UK North Sea: A Stable Investment

UK North Sea - the Stable Investments

The UK North Sea is known as an area where the operational risks of investing in oil and gas are low, due to a stable regulatory infrastructure and tax regime. Relatively small oil and gas fields can be commercialized in the region thanks to readily available infrastructure such as crude oil and natural gas receiving and processing facilities and pipelines for transportation.

Future Expansion

Future Expansion

In the UK North Sea we have more than 10 fields currently producing oil and gas, including several projects underway where development is expected to begin within a few years. Significant gas discovery in Culzean prospect Block 22/25a was achieved in December 2008. From 2013 to 2014 we further strengthened our business in the UK by:

  1. Acquiring seven new exploration blocks in the 28th Offshore Oil and Gas Licensing Round;
  2. Producing the first oil from the Kinnoull field;
  3. Acquiring an extensive portfolio of non-operated oil and gas assets from Eni;
  4. Making an investment decision to develop the Mariner field.

Project History

JX Nippon Exploration and Production (U.K.) Limited

2014 December Awarded seven blocks in the 28th UK Seaward Licensing Round
First oil from Kinnoull field
2013 February Investment decision made to develop Mariner field
2012 December Acquired from Eni an extensive portfolio of non-operated oil and gas assets in the UK North Sea
2012 October Awarded 18 blocks in the 27th UK Seaward Licensing Round
2012 August Acquired interest in Kinnoull field by exchanging interest in Pierce field
2008 December Gas discovery in Culzean prospect Block 22/25a
2002 August Acquired interests in Brae fields