JOGMEC to pay for JX Nippon’s drilling offshore Qatar

Japan’s JOGMEC will provide equity financing to JX Nippon Oil & Gas Exploration (Qatar) Limited for exploration project offshore Qatar.

JX Nippon Oil & Gas Exploration (Qatar) Limited was established in 2011 by JX Nippon Oil & Gas Exploration Corporation(“JX”).

In May 2011, JX Nippon Oil & Gas Exploration (Qatar) Limited signed an Exploration and Production Sharing Agreement with the Government Qatar to acquire the 100% operating interest in the exploration block “A” (Pre-Khuff) offshore Qatar.

JX Nippon in December 2013 hired the Al Khor jack-up drilling rig to drill the JXQA-1 exploration well in the licence. The well is scheduled to be drilled in the second quarter of 2014.

Japan Oil Gas and Metals National Corporation (JOGMEC) will provide equity capital covering the exploration expenditures incurred by the JX subsidiary for the project. The value of the financing agreement is estimated at around $115 million.

 

Offshore Energy Today Staff, May 30, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Beijing International Offshore Oil & Gas Exhibition (ciooe) 2019

Beijing International Offshore Oil & Gas Exhibition (ciooe), is a regular gathering in oil & gas industry…

read more >

Lebanon International Oil & Gas Summit 2019

LIOG 2019 will delve further into the opportunities that are present in Lebanon’s energy sector…

read more >

Atyrau Oil & Gas 2019

The event program is dedicated to the most topical issues of search, exploration, development of hydrocarbons…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply