News Release 2012

NEWS

News Release 2012

2012-10-09 Establishment of a Subsidiary in Malaysia

JDC established a wholly-owned subsidiary in Kuala Lumpur, namely "JDC Offshore Malaysia Sdn. Bhd.(JOM)".

Malaysia will continue to provide important offshore drilling opportunities for both the shallow and deepwater frontiers. Given these perspectives, JOM will act as the local base to meet current and future customers' needs for safe and efficient drilling services.

Profile of JOM is as below:
(1)Company name:JDC Offshore Malaysia Sdn. Bhd.
(2)Location:Kuala Lumpur, Malaysia
(3)Representative Director:Kenzo YAMADA, Managing Director
(Managing Executive Officer, Japan Drilling Co., Ltd.)
(4)Business:Providing contract offshore drilling services for the oil and gas industry
(5)Date of establishment:October 8, 2012
(6)Capital:One million ringgit (about 25 million yen)

2012-09-20 New Drilling Contract Signed for The Deep-Sea Scientific Drilling Vessel, CHIKYU with Japan Petroleum Exploration Co., Ltd.

JDC and Japan Petroleum Exploration Co., Ltd. (JAPEX) have signed a 2.8 billion yen contract to drill wells in the East Nankai Trough. The contract is for a methane hydrate test production program conducted by METI's Agency for Natural Resources and Energy, and will be the world's first offshore methane hydrate production test. The Deep-Sea Scientific Drilling Vessel, CHIKYU, owned by the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) and operated by JDC, will drill one (1) observation well and one (1) test well. The operation will commence in mid-January 2013.

2012-08-17 New Drilling Contract Signed for The Deep-Sea Scientific Drilling Vessel CHIKYU with JX Nippon Oil and Gas Exploration Corporation

JDC has signed a drilling contract with JX Nippon Oil and Gas Exploration Corporation (JX) for The Deep-Sea Scientific Drilling Vessel, CHIKYU, owned by the Japan Agency for Marine-Earth Science and Technology (JAMSTEC). JDC will drill one (1) test well off Sado Island, Japan. The estimated contract amount is 3.3 billion yen and the operation will commence in April 2013.

2012-06-22 HAKURYU-10 departed Singapore to East Kalimantan, Indonesia

Having completed preparation and loading at Keppel FELS shipyard, Singapore, JDC's jack-up rig Hakuryu-10 departed Singapore on June 21st to East Kalimantan, Indonesia for her next drilling campaign with Total E&P Indonesie. The operation will commence in early July under a two-year contract with two additional one-year options.

2012-05-30 JDC Announced New Drilling Contract with KPOC for "CHIKYU"

JDC announced a contract award by Kebabangan Petroleum Operating Company (KPOC) of Malaysia to Petronnic Sdn. Bhd. (PSB) for Deep-Sea Drilling Vessel CHIKYU owned by Japan Agency for Marine-Earth Science and Technology.

JDC, as a technical partner of PSB, shall provide KPOC with the offshore drilling services by CHIKYU through PSB for the KPOC's one (1) firm well plus one (1) optional well offshore Sabah, Malaysia. The drilling operation is expected to commence in July 2013. The contract value is approximately US$ 32 million.

KPOC is a joint operating company of Petronas Carigali Sdn. Bhd., Shell Energy Asia Limited and ConocoPhillips Sabah Gas Ltd.

2012-05-16 Ultra-Deepwater Drillship Now in Operation in Petrobras Pre-Salt Oil Field off Brazil

  • Japan Drilling Co., Ltd.
  • Nippon Yusen Kabushiki Kaisha
  • Mitsui & Co., Ltd.
  • Kawasaki Kisen Kaisha Ltd.

Japan Drilling Co., Ltd. (head office: Chuo-ku, Tokyo; President: Minoru Murata) , Nippon Yusen Kabushiki Kaisha (head office: Chiyoda-ku, Tokyo; President: Yasumi Kudo), Mitsui & Co., Ltd. (head office: Chiyoda-ku, Tokyo; President: Masami Iijima), and Kawasaki Kisen Kaisha Ltd. (head office: Chiyoda-ku, Tokyo; President: Jiro Asakura) are participating in an ownership consortium for an ultra-deepwater drillship being used in the provision of charter services to Petroleo Brasileiro S.A. ("Petrobras"), the Brazilian state-owned petroleum company. Delivered on December 15, 2011, the vessel arrived at the drilling area in Brazil on February 4, 2012, and has been under charter to Petrobras since April 25.

Named "Etesco Takatsugu J," the drillship is the most advanced of its type in the world. It is capable of drilling in water depths of 10,000 feet (3,000 meters) and down to 30,000 feet (9,000 meters) below the seabed. The first well will be drilled in the Franco SW block in water approximately 2,000 meters deep about 200 kilometers off Rio de Janeiro. The area is located in pre-salt fields in which Petrobras holds an interest.

The drillship is owned by Etesco Drilling Services, LLC, a company that was established in the United States with the four Japanese companies holding equity stakes totaling over 85 percent. Etesco Drilling Services will provide vessel charter services to Petrobras for up to 20 years.

In recent years, there have been numerous discoveries of large oil and gas fields in pre-salt areas in Brazilian coastal waters, and there is worldwide interest in these massive deposits. The region concerned is believed to have the potential for further development and is a priority area for Petrobras. Through this business, the four Japanese companies will contribute to exploration for oil and gas in the promising fields.

The Drillship "ETESCO TAKATSUGU J" offshore Rio de Janeiro, Brazil

Reference: Press Release, June 16, 2009
Participation in project for ultra-deepwater drillship to be chartered by Petrobras for pre-salt exploration
/news/en/2009/participation-in-project-for-u.php

Notice:

This press release contains forward-looking statements. Readers should be aware that such statements are subject to risks and uncertainties, and that actual outcomes could differ because of changes in the business environment and other factors. This press release was not produced for the purpose of investment solicitation or any similar activity whatsoever, whether in Japan or overseas.

For further information:

Japan Drilling Co., Ltd. Nippon Yusen Kabushiki Kaisha Mitsui & Co., Ltd. Kawasaki Kisen Kaisha, Ltd.
Kazuhiro
Yoshinaga
Jiro Tanita Kazuhisa
Kawamura
Jitsuo Narita
Corporate Strategy Planning Dept. Corporate Communications Group Media Relations Department, Corporate Communications Division IR & PR Group
Telephone:
03-5847-5862
Telephone:
03-3284-5188
Telephone:
03-3285-7540
Telephone:
03-3595-5083
Facsimile:
03-5644-5701
Facsimile:
03-3284-6382
Facsimile:
03-3285-9819
Facsimile:
03-3595-5001

2012-02-21 JDC Announced the Signing of New Drilling Contract for "HAKURYU-10"

Further to JDC's flash report of a new contract award on December 28th, 2011 to its 95% owned Indonesian subsidiary P.T. Japan Drilling Indonesia by Total E&P Indonesie, JDC officially announced today that the approval from The Upstream Oil and Gas Executive Agency of Indonesia (BPMIGAS) has been obtained and the parties agreed to sign a new drilling contract for the rig "HAKURYU-10" owned by Japan Drilling (Netherlands) B.V., a consolidated subsidiary of JDC.

The contract duration is 2 years firm plus two set of 1 year option and the value is approximately US$110 million for 2 years firm period. The contract is expected to be signed around the end of February. The drilling operation will commence between April 2012 and June 2012.