JAPEX
 |
|
| Public company KK (: ) | |
| Industry | Hydrocarbon exploration, production |
| Founded | 1955 |
| Headquarters | Tokyo, Japan |
|
Area served
|
Worldwide |
|
Key people
|
Yuji Tanahasi, President & CEO / Hiroshi Sato, Senior Managing Director |
| Revenue |
 ¥ 276,588 million JPY (FY 2014) |
|
¥ 24,634 million JPY (FY 2014) |
|
|
¥ 29,015 million JPY (FY 2014) |
|
|
Number of employees
|
1,782 |
| Website | http://www.japex.co.jp |
Japan Petroleum Exploration Company Limited (JAPEX) (石油資源開発株式会社 Sekiyu Shigen Kaihatsu Kabushiki-Kaisha?) is a hydrocarbon exploration, production and transportation company. JAPEX explores and produces crude oil, natural gas and liquefied natural gas reserves worldwide. JAPEX has proven reserves of 272 million barrels in Japan and the rest of the world. Aside from operations in Hokkaido, Akita, Yamagata and Niigata in Japan, JAPEX has major operations in Canada, Indonesia and Libya. Although currently a private company, the Government of Japan owns a 34% stake in JAPEX.
JAPEX was founded in 1955 as a government-owned company in order to seek petroleum self-sufficiency for Japan. Between 1958 and 1968, JAPEX discovered 10 oil fields within Japan. In 1965, JAPEX's operational range began to go overseas and in 1967, JAPEX was incorporated into the government-owned Japan Petroleum Development Corporation (JPDC) and in 1968 JAPEX signed an agreement with the Government of Sabah North Borneo to the exploration of oil and gas for the first 10 years of the agreement. On 1 April, In 1970, JAPEX was separated from the JPDC and reorganized as a privately owned company.
In 1971, Japex Offshore Ltd. was created, spurring international and offshore exploration and production. In 1978, Japan Canada Oil Sands Limited (JACOS) was established. From 1980–2006, JAPEX would establish Japex U.S. Corps, Japex New Nanhai Ltd., Japex Pipeline Ltd., Shirone Gas Corp. Ltd., Japex Libya Ltd., Japex Block A Ltd., Japex Philippines Ltd. and Japex Buton Ltd. Between 1985 and 2005, JAPEX opened offices in Beijing, London, Jakarta, Houston and Dubai as well.
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