Culzean, Brae, Andrew, Kinnoull, and other fields
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 the Andrew, Mariner, and Culzean projects.
UK North Sea: A Stable Investment
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.
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 greater production volume as well as to a stronger 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.
Culzean, Brae, Andrew, Kinnoull, and other fieldsExplorationDevelopmentProduction
|Project Company||JX Nippon Exploration and Production (U.K.) Limited|
|Shareholders (Holding Percentages)||JX Nippon Oil & Gas Exploration Corporation (100%)|
|Interest||4.0% - 100.0%|
|Net Production||10,400 BOED (2019)|
JX Nippon Exploration and Production (U.K.) Limited Project History
|August 2019||Started production at Mariner oil field|
|June 2019||Started production at Culzean gas field|
|December 2014||Awarded seven blocks in the 28th UK Seaward Licensing Round
First oil from Kinnoull oil field
|February 2013||Investment decision made to develop Mariner oil field|
|December 2012||Acquired from Eni an extensive portfolio of non-operated oil and gas assets in the UK North Sea|
|October 2012||Awarded 18 blocks in the 27th UK Seaward Licensing Round|
|August 2012||Acquired interest in Kinnoull oil field by exchanging interest in Pierce oil field|
|December 2008||Gas discovery in Culzean prospect Block 22/25a|
|August 2002||Acquired interests in Brae gas fields|