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Australia

Australia is one of NOEX's core exploration and production areas. We intend to maintain our stable crude oil production operations in the North West Shelf area and continue to expand our exploration activities.

Project Summary: Mutineer-Exeter, Finucane South Oil Fields

JV Participants and Interests

Company Holding the Acreages JX Nippon Oil & Gas Exploration (Australia)
Shareholders (Shareholding Percentages) JX Nippon Oil & Gas Exploration Corporation(100%)
Project Status Exploration/Production
Interest 25.00%
Partners (Interest) ◎Santos (37.50%)
Kufpec Australia (37.50%)
Net Production 1,600 BOED

Note: ◎Operator

Quality Low-Sulfur Crude

Producing Quality Low-Sulfur Crude Oil

NOEX produces high-quality low-sulfur crude oil from the Mutineer, Exeter, and Finucane South oil fields, located about 150km north of Dampier in the northwestern region of Australia. The crude oil is produced and stored by a floating production storage and offloading vessel (FPSO) with an oil storage capacity of 930,000 barrels, before being offloaded to tankers. Revenue from the sale of the crude oil is reinvested in new exploration activities within Australia.

Project History

2013 May Started production at Finucane South Oil Field
2011 May Discovered Finucane South Oil Field
2005 March Started production at Mutineer-Exeter Oil Fields.
2003 October Decided to start development at Mutineer-Exeter Oil Fields
2002 April Discovered Exeter Oil Field in Block WA-27-L
1998 June Discovered Mutineer Oil Field in Block WA-26-L
1997 May Acquired working interest in Block WA-191-P

Project Summary: Block WA-517-P

JV Participants and Interests

Company Holding the Acreages JX Nippon Oil & Gas Exploration (Australia)
Shareholders (Shareholding Percentages) JX Nippon Oil & Gas Exploration Corporation(100%)
Project Status Exploration
Interest 50.00%
Partners (working interest) ◎Santos (50.00%)

Project History

2015 August Acquired working interest in Block WA-517-P