Japan Petroleum Exploration Co., Ltd. · TSE:1662
Japan Petroleum Exploration — FY2005 Earnings Presentation
27 slides from Japan Petroleum Exploration's earnings presentation, May 16, 2006
Slide 1: JAPEX FY2005 results presentation
2006 3 JSAREX 2006 5 16
Slide 2: Copyright and IR contact
Copyright IR IR 03-5461-7481 2
Slide 3: Agenda
SAREX 2.2006 3 3. 2007 3
Slide 4: JAPEX
JSAREX
Slide 5: CIF crude oil price and sales volumes
/ CIF $/bbl ( ) ( ) ¾ CIF ¾ 2006 4 CIF ( ) 45,104 / ¾ 2006 4 CIF ( ) 61.19 /bbl 5
Slide 6: Results highlights and forecast
06/3 07/3 2005/3(a) 2006/3(a) 2007/3(e) 06/3-07/3 103,150 138,796 123,910 14,886 19,001 31,190 24,920 6,270 13,234 20,216 17,242 2,975 06/3 z z CIF +42% $54.10/bbl z +11% 1,413 z MS-45, 46 MS-1 (T1) SK-1D 07/3 z CIF $60.00/bbl z 6
Slide 7: FY2007 domestic activities
07/3 ¾ – – ¾ – – – 07 3 – ¾ – – 7
Slide 8: 3D and 2D seismic surveys
07/3 07/3 1Q 2Q 3Q 4Q SK-1 2,000m a1 2,550m X 3,850m SK-1 ¾ 2D 138km ¾ 3D 140km2 X a1 8
Slide 9: Pipeline projects
• :95km • :16 (406mm) • :6.86MPa • :07 3 • : ( ) • : 160km • :20-24 (508-609mm) • :21MPa • :2008 2011 LNG • : ( ) 9
Slide 10: LNG business
¾ ¾ LNG – – LNG – ( ) LNG LNG 1 150 / ( ) 2 200 / ( ) 10
Slide 11: LNG schedule
07/3 06/3 (a) 07/3 (e) 210 257 139 153 / Q1 Q2 Q3 Q4 B2( ) J’2( ) LNG 2 11
Slide 12: Overseas projects
2 1 JJI S&N A 12
Slide 13: Lufeng 13-1 and SODECO
(1) (SODECO) ¾ 30% ¾ 30% ¾ Lufeng 13-1 06 4 ¾ SODECO 14.46% 11,000bbl/d(gross) ¾ 06 4 ¾ 2 50,000bbl/d(gross) 92MMcfd(260 /d)(gross) ¾ 06 Lufeng13-1 13
Slide 14: Hangingstone oil sands
(2) ¾ Japan Canada Oil Sands Ltd. ¾ 05 3 1 (JACOS) (07 3 ) ¾ Hangingstone3.75 100% ¾ ¾ 06 4 8,500bbl/d(gross) – ¾ 8,000-9,000bbl/d – ¾ – 3D – ¾ – – – JACOS Hangingstone 3.75 14
Slide 15: Indonesia A block
(3) A ¾ 40-3/4 ( ) ¾ 06 4 26 Premier Oil – 42% Medco ( 3 1) A – 2D 3D 50% ExxonMobil ¾ 176-4 ( ) – 100% ¾ A – – 1,803km2 – PS 2011 8 – (Alur Siwa, Alur Rambong, Julu Rayeu) – 15
Slide 16: JAPEX appendix
2006 3 JSAREX 16
Slide 17: Forecast revisions
06/3 05/3 06/3 (a) 05/05/16 05/11/14 06/02/10 06/05/15 103,150 96,897 122,224 132,709 138,796 19,001 18,630 25,028 29,661 31,190 13,234 13,615 16,476 19,169 20,216 9 CIF $42/bbl $52/bbl 9 ( +4.2%) 9 CIF $52/bbl $53.50/bbl 9 ( +5%) 9 CIF $54.10/bbl +$0.60/bbl) 9 1,413 ( +7 ) 17
Slide 18: Crude oil sales
06/3 04/3 05/3 06/3 (a) (a) (a) ( kl) 1,528 1,380 1,934 +554 ( ) 32,963 38,211 67,711 +29,500 CIF ($/bbl) 29.37 38.18 54.10 +15.92 (Yen/$) 113.71 107.26 112.44 +5.18 04/3 05/3 06/3 (a) (a) (a) ( kl) 606 584 634 +49 ( ) 12,784 15,217 24,709 +9,492 ( kl) 4 122 217 +94 ( ) 71 3,299 8,575 +5,275 ( kl) 4
Slide 19: Natural gas sales
06/3 04/3 05/3 06/3 (a) (a) (a) ( m3) 1,296 1,276 1,413 +136 ( ) 42,560 39,867 43,539 +3,672 ( m3) 1,024 1,057 1,155 +98 ( ) 33,813 32,750 35,170 +2,420 ¾ ¾ ¾ 11% 19
Slide 20: FY2006 results versus prior year
06/3 05/3 06/3 (a) (a) +95 103,150 138,796 +35,645 +37 42,104 61,362 +19,258 19 6,127 9,677 +3,550 28 7 21,298 24,666 +3,368 11 14,678 27,018 +12,339 +46 4,323 4,172 150 ( +27 ) 19,001 31,190 +12,189 ( +18 ) +10 871 24 +847 4,270 9,294 +5,024 624 1,655 +1,031 + 13,234 20,216 +6,981 20
Slide 21: JAPEX FY2007
2007 3 JSAREX 21
Slide 22: FY2007 forecast by half
07/3 CIF 07/3 07/3 07/3 (e) (e) 1H(e) 2H(e) (e) CIF $60.00/bbl $60.0/bbl 55,216 68,694 123,910 ¥110.00/$ ¥110.00/$ 25,015 32,497 57,512 3,639 5,681 9,320 1H(e) 2H(e) (e) 14,463 13,334 27,797 47,688 55,960 103,648 6,912 13,483 20,395 1,244 4,229 5,473 2,272 2,253 4,525 6,284 8,506 14,790 9,185 15,735
Slide 23: FY2007 forecast and LNG
07/3 06/3 07/3 (a) (a) (e) (e) 59,221 138,796 55,216 123,910 4,005 14,886 8,461 27,018 6,912 20,395 1,550 6,623 12,459 31,190 9,185 24,920 3,275 6,270 8,983 20,216 6,556 17,242 2,427 2,975 07/3 ¾ – – LNG – 3 – 23
Slide 24: FY2007 crude oil forecast
07/3 06/3 07/3 (a) (a) (e) (e) ( kl) 913 1,934 788 1,554 126 381 ( ) 28,823 67,711 25,460 50,627 3,364 17,085 CIF ($/bbl) 49.61 54.10 60.00 60.00 +10.39 +5.9 (Yen/$) 107.99 112.44 110.00 110.00 +2.01 2.44 06/3 07/3 (a) (a) (e) (e) (a) (a) ( kl) 295 634 274 615 22 19 ( ) 10,520 24,709 11,519 25,616 +
Slide 25: FY2007 natural gas forecast
07/3 06/3 07/3 (a) (a) (e) (e) ( m3) 622 1,413 610 1,443 12 +29 ( ) 18,503 43,539 18,450 44,444 53 +904 ( m3) 518 1,155 495 1,141 23 15 ( ) 15,320 35,170 14,812 34,551 509 620 ¾ ¾ 29 25
Slide 26: FY2007 forecast versus FY2006
07/3 06/3 07/3 (a) (e) +9 138,796 123,910 14,886 +9 61,362 57,512 3,851 33 9,677 9,320 358 +24 21 24,666 27,797 +3,130 31 27,018 20,395 6,623 23 4,172 4,525 +353 31,190 24,920 6,270 + 24 980 956 9,294 5,689 3,606 1,655 1,010 646 20,216 17,242 2,975 26
Slide 27: Oil price and exchange rate sensitivity
07/3 (e) (e) CIF ($/bbl) 60.00 60.00 (Yen/$) 110.00 110.00 $1/bbl ( ) 500 500 325 ¥5/$ ( ) 1,200 1,200 750 27
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