Navigations


Business Activities

Brazil

In August 2015 JX Nippon Oil & Gas Exploration (Brasil) Ltda, a NOEX subsidiary, entered into a farm-out agreement with Ecopetrol Óleo e Gás do Brasil Ltda, a subsidiary of Ecopetrol S.A.. Under this agreement, JX Nippon Oil & Gas Exploration (Brasil) Ltda acquired a participating interest in Block FZA-M-320, located offshore in the Foz do Amazonas Basin of Brazil, which was approved by ANP in February 2016. This is NOEX's first oil and gas exploration project in Brazil.

Project Summary: Block FZA-M-320

JV Participants and Interests

Company Holding the Acreage JX Nippon Oil & Gas Exploration (Brasil) Ltda.
Project Status Exploration
Interest 30.0%
Partners
(Interest)
◎Ecopetrol Óleo e Gás do Brasil Ltda.(70.0%)

Note: ◎Operator

Further Development Opportunities in Brazil

NOEX has been studying offshore basins in Brazil for a number of years. We consider this area to be one with high petroleum prospectivity, and we expect the Foz do Amazonas Basin surrounding Block FZA-M-320 to yield good future oil exploration opportunities. We plan to continue the expansion of our exploration and production business in Brazil.

Project History

2016 February Acquired a 30% interest in Block FZA-M-320, offshore Brazil