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Business Activities

UK North Sea

In the UK North Sea, we have several types of the asset which cover whole cycle of oil & gas upstream activity (exploration, development, production and decommissioning), and we are pursuing the optimum portfolio from the medium- and long-term perspective.
The main projects are Andrew, Mariner and Culzean project.

Project Summary: Culzean, Brae, Andrew, Kinnoull 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
◎Total
◎Equinor
Others
Net Production 6,500 BOED (2018)

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 8 oil and gas field assets currently in production. In 2019, the Culzean Gas Field and the Mariner Oil Field, which had been under development, began their production. They greatly contribute to incremental of our production volume as well as to strengthening of our business foundation. While continuing to maximize the value of each asset, we will work on exploration and additional development around the fields we currently own to reinforce our business foundation further.

Project History

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

2019 August Started production at Mariner oil field
2019 June Started production at Culzean gas field
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

Compliance