Japan Petroleum Exploration Co., Ltd. · TSE:1662

Japan Petroleum Exploration — 1H FY2006 Earnings Presentation

27 slides from Japan Petroleum Exploration's earnings presentation, Nov 14, 2005

  1. Slide 1: JAPEX first-half FY2006 results

    2006 3 2005 11 14 SAREX

  2. Slide 2: Copyright and notes

    Copyright: 1H, 2H (a) (e) ”revised” “revised estimate” IR IR 03-5461-7481 2

  3. Slide 3: 2006 - 2006 -

    2006 3 - 2006 3 - 3

  4. Slide 4: SAREX

    SAREX

  5. Slide 5: CIF crude oil price trend

    Yen/kl CIF US$/bbl ( ) ( ) 92005 9 CIF 1985 9 20 4 92005 9 CIF 59 5

  6. Slide 6: MS-1 MS-45 MS-46 LNG

    9 4 2 9 MS-1 MS-45 MS-46 9 07 3 9 LNG 2 (07 ) 9 9 6

  7. Slide 7: 1H results and 2H estimate

    5 16 1H (a) 2H (e) 96,897 59,221 63,003 122,224 +25,327 15,295 8,461 12,496 20,957 +5,662 18,630 12,459 12,569 25,028 +6,398 13,615 8,983 7,493 16,476 +2,861 7

  8. Slide 8: Drilling schedule SK-18D MS-1

    05/3 06/3 4Q 1Q 2Q 3Q 4Q SK-18D 3,430m MS-1 4,000m JSN-1 4,622m SJN-1 2,308m (T1) B1 2,260m A 3,900m MS-45 3,970m MS-46 3,500m 8

  9. Slide 9: (T1) B1 2,260m A 3,900m

    A 3,900m (T1) B1 2,260m 9

  10. Slide 10: 1

    1 10

  11. Slide 11: Lufeng 13-1 (1)

    (1) (Lufeng13-1 ) ¾2005 10 10,000bbl/d ¾ 3 ( ) ¾2005 10 ¾ 2005 50,000bbl/d 2006 250,000bbl/d ¾ 2006 ¾ 60MMcfd(170 m3) 11

  12. Slide 12: Production 8,500bbl/d 9,000bbl/d

    (2) ¾2005 10 8,500bbl/d ¾ 8,000 9,000bbl/d ¾ ¾ ¾ 12

  13. Slide 13: Blocks 40-3/4 and 176-4

    10 40-3/4 176-4 40-3/4 ¾ 42%( ) ¾ (5 ) 2D 3D 40-3/4 2 ¾ 20 176-4 ¾ 100%( ) ¾ (5 ) 2D 1 176-4 ¾ 35 13

  14. Slide 14: SAREX

    2006 3 SAREX 14

  15. Slide 15: Quarterly results trend

    ( ) 05/3 06/3 06/3 06/3 06/3 05/3 5/16 8/10 11/14 46,371 44,325 55,431 59,221 7,259 7,352 9,970 12,459 5,583 6,282 7,424 8,983 15

  16. Slide 16: Results comparison 05/3 vs 06/3

    05/3 06/3 (a) (a) 46,371 59,221 +12,849 +40 16,086 25,050 +8,964 +17 2,826 4,829 +2,003 18 10,120 11,759 +1,639 3,139 8,461 +5,322 +15 4,119 3,997 122 ( +13 ) 2,210 692 1,517 ( +7 ) 419 740 +320 (JACOS 5 ) 1,489 2,564 +1,074 7,259 12,459 +5,200 5,583 8,983 +3,399 16

  17. Slide 17: Crude oil sales volume and prices

    04/3 05/3 06/3 (a) (a) (a) ( kl) 750 693 913 +220 ( ) 15,705 18,476 28,823 +10,347 CIF($/bbl) 28.67 35.24 49.61 +14.37 (Yen/$) 118.62 109.34 107.99 1.35 04/3 05/3 06/3 (a) (a) (a) ( kl) 293 252 295 +43 ( ) 6,169 6,475 10,520 +4,044 ( kl) 2 2 84 +82 ( ) 48 54 3,024 +2,970 ( kl) 226 +226 ( ) 2,231 +2,

  18. Slide 18: Natural gas sales volume and prices

    04/3 05/3 06/3 (a) (a) (a) ( m3) 571 552 622 +69 ( ) 18,750 16,568 18,503 +1,935 ( m3) 442 457 518 +61 ( ) 14,578 13,647 15, 320 +1,673 ¾ ¾ 12.7% 18

  19. Slide 19: SAREX

    2006 3 SAREX 19

  20. Slide 20: 1H and 2H results and estimate

    1H (a) 2H (e) +51 96,897 59,221 63,003 122,224 +25,327 +9 47,654 25,050 30,799 55,849 +8,195 8,687 4,829 4,776 9,605 +918 23,672 11,759 13,529 25,288 +1,615 21 15,295 8,461 12,496 20,957 +5,662 3,335 3,997 74 4,071 +736 +16 90 692 480 212 +302 ( +11 ) 917 740 27 767 150 ( +9 ) 2,508 2,564 528 3,092

  21. Slide 21: Price and exchange rate assumptions

    05/3 06/3 06/3 (a) 1H(a) 2H(e) (e) ($/bbl) 38.18 42.00 49.61 54.00 52.00 +10.00 (Yen/$) 107.26 102.00 107.99 110.00 109.00 +7.00 3Q $58/bbl, 4Q $50/bbl 1$/bbl ( ) 200 200 125 5Yen/$ ( ) 600 600 375 21

  22. Slide 22: Crude oil sales forecast

    1H(a) 2H(e) (e) ( kl) 1,509 913 826 1,739 +230 ( ) 32,681 28,823 26,309 55,132 +22,451 CIF($/bbl) 42.00 49.61 54.00 52.00 +10.00 (Yen/$) 102.00 107.99 110.00 109.00 +7.00 1H(a) 2H(e) (e) ( kl) 658 295 343 638 21 ( ) 18,180 10,520 12,735 23,255 +5,075 ( kl) 166 84 98 182 +15 ( ) 4,793 3,024 3,953 6,9

  23. Slide 23: Natural gas sales forecast

    1H (a) 2H (e) (e) ( m3) 1,284 622 716 1,338 +54 ( ) 40,153 18,503 22,888 41,391 +1,238 ( m3) 1,060 518 576 1,094 +33 ( ) 32,391 15,320 18,009 33,329 +938 1,284 m3 1,338 m3 4.2% 23

  24. Slide 24: JACOS results

    2006 3 ( ) JACOS 5,246 1,672 5,682 3,464 1,527 1,269 3,702 1,586 1,281 426 335 159 1,940 695 1,119 JACOS 1,097 22 24

  25. Slide 25: Revised forecast vs prior year results

    (a) vs. (revised) 05/3 06/3 (a) (revised) +80 103,150 122,224 +19,074 +6 42,104 55,849 +13,745 6,127 9,605 +3,478 21,298 25,288 +3,989 50 14,678 20,957 +6,278 4,323 4,071 252 +29 1,493 212 1,280 ( +17 ) 419 767 +347 ( +10 ) (JACOS +2 ) 2,410 3,092 +681 19,001 25,028 +6,027 13,234 16,476 +3,241 25

  26. Slide 26: Crude oil sales three-year comparison

    04/3 05/3 06/3 (a) (a) (e) ( kl) 1,528 1,380 1,739 +359 ( ) 32,963 38,211 55,132 +16,921 CIF($/bbl) 29.37 38.18 52.00 +13.82 (Yen/$) 113.71 107.26 109.00 +1.74 04/3 05/3 06/3 (a) (a) (e) ( kl) 606 584 638 +54 ( ) 12,784 15,217 23,255 +8,038 ( kl) 4 116 182 +65 ( ) 71 3,282 6,977 +3,694 ( kl) 469 +46

  27. Slide 27: Natural gas sales three-year comparison

    04/3 05/3 06/3 (a) (a) (e) ( m3) 1,296 1,276 1,338 +61 ( ) 42,560 39,867 41,391 +1,524 ( m3) 1,024 1,057 1,094 +37 ( ) 33,813 32,750 33,329 +579 ¾ ¾ 1,276 m3 1,338 m3 4.9% 27

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