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Overseas E&P

U.K. North Sea

JAPEX has been participating in the oil and gas exploration and development project in a block located approximately 300 km offshore of Aberdeen in the U.K. since 2014.

We have been verifying possibility of development after succeeding flow test in 2015, and in March 2019, final investment decision has been agreed by the operator and partners including JAPEX. Currently, development work is proceeded aiming commencement of production by the end of 2021.

Participants of this project, including subsidiary of JAPEX, have won MER UK Award of the 2019 from OGA (Oil & Gas Authority). MER UK Award is an award given to the industry players who work together to maximise the economic recovery of oil and gas from UK North Sea.

U.K. North Sea Offshore Block

Project Company JAPEX UK E&P Ltd.
Interest
Neptune E&P UK Ltd.
35%
BP Exploration Operating Company Ltd.
50%
JAPEX UK E&P Ltd.
15%

production test at U.K. North Sea

Received MER UK Award 2019

UK Group Tax Strategy

"UK Group Tax Strategy" was published for JAPEX UK E&P Limited and JAPEX UK E&P Central Limited pursuant to Section 161 and PART 2 of Schedule 19 of the UK Finance Act 2016 as below.

UK Group Tax Strategy Financial year ending 31 December 2019 (164KB)PDF