Japan Petroleum Exploration Co., Ltd. · TSE:1662
Japan Petroleum Exploration — FY2004 Earnings Presentation
31 slides from Japan Petroleum Exploration's earnings presentation, May 18, 2004
Slide 1: Japan Petroleum Exploration Co., Ltd.
JAPAN PETROLEUM EXPLORATION.,CO.LTD 2004 16 3 2004 5 18 1
Slide 2: Cautionary Statement
Cautionary Statement JAPAN PETROLEUM EXPLORATION.,CO.LTD Forward looking statements: Any information contained in this material or in any other accompanying material that are not historical facts are forward-looking statements about the future performance of Japex. These projections entail risks and
Slide 3: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 16 3 17 3 3
Slide 4: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 16 3 4
Slide 5: FY2004 results highlights
16/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 16 3 96,713 6.6 14,468 13.3 9,960 12.8 606 28.5 1,296 m3 12.3 5
Slide 6: Crude oil sales volume and prices
16/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD KL 4Q 606 3Q 430 2Q 293 14 3 15 3 16 3 ( KL) 492 505 571 +66 ( KL) 461 472 606 +134 /KL) @19,117 @21,680 @21,071 @ 609 $/bbl) 24.25 26.50 29.37 +2.87 Yen/$) 123.40 122.86 113.71 9.15 8,827 10,237 12,784 +2,547 6
Slide 7: Natural gas sales volume and prices
16/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD m3 4Q 1,296 m3 3Q 912 m3 2Q 571 m3 14 3 15 3 16 3 ( m3) 1,002 1,154 1,296 +141 37,394 41,479 42,560 +1,080 ( /m3) @37.29 @35.92 @32.83 3.09 1 807 976 1,024 +47 30,290 35,218 33,813 1,405 JPO 7
Slide 8: Net sales and profit changes
16/3 PL JAPAN PETROLEUM EXPLORATION.,CO.LTD 25 15/3 16/3 14 90,683 96,713 +6,029 LNG 38,394 38,653 +258 12 3,113 5,213 +2,099 21 19,452 20,990 +1,537 6 15,828 12,449 3,378 ( 3,058 2,018 +5,077 12,769 14,468 +1,698 17 12 8,828 9,960 +1,132 8 8
Slide 9: JAPAN PETROLEUM EXPLORATION.,CO.LTD
16/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 9
Slide 10: LNG
16/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 15/3 – 16/3 ~ 1 2 LNG 3 4 5 5 3 4 2 10
Slide 11: JAPAN PETROLEUM EXPLORATION.,CO.LTD
16/3 3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 11
Slide 12: LNG
16/3 LNG JAPAN PETROLEUM EXPLORATION.,CO.LTD 12
Slide 13: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 17 3 13
Slide 14: FY2005 forecast summary
17/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 15/3(a) 16/3 17/3 ( ) 90,683 42,352 96,713 37,100 84,163 5,252 12,550 15,828 5,679 12,449 1,056 9,123 4,623 3,326 12,769 7,169 14,468 2,518 11,313 4,651 3,155 8,828 4,762 9,960 3,055 9,556 1,707 404 28$/bbl 105 /$ 10 28 14
Slide 15: Forecast crude oil sales volume and prices
17/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD KL 4Q (e) 597 2Q (e) 256 15 3 16 3 17/3 (e) ( KL) 505 571 601 +30 ( KL) 472 606 597 9 /KL) @21,680 @21,071 @19,347 @ 1,724 $/bbl) 26.50 29.37 28.00 1.37 Yen/$) 122.86 113.71 105.00 8.71 10,237 12,784 11,558 1,226 15
Slide 16: Forecast natural gas sales volume and prices
17/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD m3 4Q(e) 1,206 m3 2Q(e) 518 m3 15 3 16 3 17/3 (e) ( m3) 1,154 1,296 1,206 90 41,479 42,560 37,886 4,674 ( /m3) @35.92 @32.83 @31.42 1.41 1 976 1,024 985 39 35,218 33,813 30,765 3,048 JPO 16
Slide 17: LNG
17/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 16 1 1 LNG 17
Slide 18: Net sales by product: LNG, LPG
17/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 15/3(a) 16/3(a) 17/3(e) 30,743 32,963 23,919 m3 1,154 1,296 1,206 /m3 @35.92 @32.83 @31.42 41,479 42,560 37,886 LNG 3,058 3,837 4,648 75,281 79,361 66,453 5,815 7,049 6,391 2,157 2,986 5,436 LPG 6,233 6,227 5,008 8,390 9,213 10,444 1,196 1,089 875 90,683 96,7
Slide 19: Lufeng 13-1
17/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD Lufeng 13-1 93 10 09 2 718 KL 03 1 ~12 CNOOC 25% 30% 30% 15% 32% 50% . 18% 3,100 4,642 01/12 4,505 2,742 1,941 4,414 02/12 3,627 1,206 774 198 KL (03/12 03/12 4,151 1,890 897 19
Slide 20: PL
17/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 858 PL 896 914 485 20
Slide 21: FY2005 forecast items
17/3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 17/3 16/3(a) 17/3(e) 1,192 1,191 1 346 268 + 78 1,298 1,239 59 101 682 + 581 736 480 256 ( ) 205 657 452 633 505 128 759 477 + 282 2,018 2,190 + 172 21
Slide 22: FY2005 forecast changes by segment
17/3 PL JAPAN PETROLEUM EXPLORATION.,CO.LTD 12 16/3(a) 17/3(e) 30 96,713 84,163 12,550 + 24 38,653 36,096 2,557 LNG + 6 5,213 6,231 + 1,018 24 20,990 20,742 248 10 12,449 9,123 3,326 + 9 2,018 2,190 + 172 14,468 11,313 3,155 +8 9,960 9,556 404 + 18 22
Slide 23: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 23
Slide 24: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 4 1 24
Slide 25: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 25
Slide 26: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 26
Slide 27: 3D seismic and exploration wells
17 3 JAPAN PETROLEUM EXPLORATION.,CO.LTD 17/3 3D (4,600m) (4,000m) Z2 (2,020m) L22 (4,050m) F3H (3,000m) 27
Slide 28: LNG outlook by fiscal year
JAPAN PETROLEUM EXPLORATION.,CO.LTD 16 3 LNG 16 3 ( ) 16/3(a) 17/3(e) 18/3(f) 19/3(f) 17 3 157 140 156 156 110 138 124 123 17/3 19/3 28
Slide 29: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 03 10 07 29
Slide 30: LNG supply chart
JAPAN PETROLEUM EXPLORATION.,CO.LTD ( m3) 4/3 5/3 6/3 7/3 1/3 1 1 1 1 2 LNG LNG 30
Slide 31: JAPAN PETROLEUM EXPLORATION.,CO.LTD
JAPAN PETROLEUM EXPLORATION.,CO.LTD 31
Japan Petroleum Exploration — FY2004 Earnings Presentation on 6ix