Company History

History Of Nippon Oil Exploration Limited

Date History of Nippon Oil Exploration Limited Main Business Developments Date History of Mitsubishi Oil Co., Ltd.
Main Business Developments
1888 May Nippon Oil established      
      1931 February Mitsubishi Oil established
1990 November Malaysia: Discovered Helang gas field in Block SK10      
1991 June Established Nippon Oil Exploration (Asia) Limited      
1992 December Myanmar: Discovered Yetagun gas field in Block M-12/13/14      
      1994 June Vietnam: Discovered Rang Dong oil field in Block 15-2
1997 February Indonesia: Discovered Vorwata gas field in Berau Block      
  November Changed trade name from Nisseki Asia Oil Development Co., Ltd. to Nippon Oil Exploration Limited      
      1998 August Vietnam Production commenced at Rang Dong oil field
1999 April Nippon Oil Corporation and Mitsubishi Oil Co., Ltd. merged and changed trade name to Nisseki Mitsubishi Co., Ltd.
2000 May Myanmar: Production commenced at Yetagun gas field
2001 October Oil and natural gas exploration business succeeded by Nippon Oil and Gas Exploration Limited following a company split
Date History of Nippon Oil Exploration Limited Main Business Developments
2002 June Nisseki Mitsubishi Co., Ltd. changed trade name to Nippon Oil Corporation
2003 November Malaysia: Production commenced At Helang gas field
2005 June Vietnam: Achieved total production of 100 million barrels at Rang Dong oil field
2006 February Vietnam: Rang Dong oil field associated gas recovery and utilization project was registered as a Clean Development Mechanism (CDM) under the Kyoto Protocol (CERs issued in February 2008)
2008 March Papua New Guinea: Signed joint venture agreement for LNG project
  July Vietnam: Achieved total production of 150 million barrels at Rang Dong oil field
  September Vietnam: Production commenced at Phuong Dong oil field
2009 January UK: Gas discovery in Culzean prospect Block 22/25a
  June Indonesia: Tangguh LNG project commenced production