Japan Petroleum Exploration Co., Ltd. · TSE:1662
Japan Petroleum Exploration — FY2005 Earnings Presentation
31 slides from Japan Petroleum Exploration's earnings presentation, May 16, 2005
Slide 1: 2005 2005
2005 17 3 2005 5 16 1
Slide 2: Copyright
Copyright: (a) (e) IR IR 03-5461-7481 2
Slide 3: 2005 2006
2005 3 2006 3 3
Slide 4: 4
4
Slide 5: CIF USD/bbl CIF
50 CIF 45 USD/bbl 40 35 30 25 20 05 4 CIF 86 15 19 3 10 5
Slide 6: 05/3 (a), 06/3 (e) 03/3 (a) 04/3 (a)
05/3 (a), 06/3 (e) 03/3 (a) 04/3 (a) 05/3 (a) 06/3 (e) 90,683 96,713 103,150 96,897 12,769 14,468 19,001 18,630 8,828 9,960 13,234 13,615 05/3 06/3 9 04/3 (a) 05/3 (a) 9 29.37$/bbl 38.18$/bbl 06/3 42 $/bbl 9 06/3 1,284 m3 05/3 05/3 1,206 m3 1,276 m3 9 05/3 (a) 06/3 (e) 6,127 8,687 6
Slide 7: 9 3
9 3 9 9 3 200 250 9 9 9 3 500 600 9 3 140 9 7
Slide 8: MS-45 3D
05/3 SK-17DH 05/3 2004 7 9 3,025 m MS-1 MS-45 3D 2005 1 4 06/3 3,970 m 05/3 61 3D 2004 7 8 3D 410km2 8
Slide 9: (T1) B1 SK-18D
06/3 (T1) B1 05/3 SK-18D A 05/3 MS-1 JSN-1 MS-46 9
Slide 10: Drilling schedule
06/3 05/3 06/3 4Q 1Q 2Q 3Q 4Q SK-18D 3,430m MS-1 4,000m JSN-1 4,600m A 2,600m (T1) B1 2,260m MS-45 3,970m MS-46 3,500m 3D 6 10
Slide 11: Pipeline
95km : 200 m3/d : 2007 3 : 200 ( 80% 20%) 2007 2007 1999 4 11
Slide 12: LNG
LNG 1 150 / 1,000 2003 10 2007 ( ) 2 2007 ( ) 200 / 2008 ( ) 1,400 2007 12
Slide 13: 03/3 (a) 04/3 (a) 05/3 (a)
03/3 (a) 04/3 (a) 05/3 (a) 06/3 (e) 07/3 (e) 08/3 (e) ( ) 98 110 140 143 150 150 ( ) 119 157 119 252 150 200 100 150 *1 LNG *2 *1 04/3 3 06/3 *2 3 SK-26D (04/3 ), A7 (06/3 4,400m 13
Slide 14: Gas sales volume
m3 LNG ( ) 2,000 LNG ( ) 1,800 1,600 1,400 1,300m3/ 1,200 1,000 800 600 400 200 0 ) ) ) ) (a (a (e (e /3 5/3 6/3 9/3 04 0 0 0 14
Slide 15: kl kl
*1 *2 214 kl 32.0% 82.0% 23.5 17.5% 67.5% 32.8 410 kl 8.0% 88.0% 83.1 *1 2004 1 12 *2 (1.34%) (88.0%) (83.1 ) 15
Slide 16: 1
1 16
Slide 17: 2005
2005 3 17
Slide 18: 05/3 04/5/17 04/11/15 05/5/16 96,713 84,163 99,558 103,150 14,468 11,313 16,470 19,001 9,960 9,556
05/3 05 3 04 3 04/5/17 04/11/15 05/5/16 96,713 84,163 99,558 103,150 14,468 11,313 16,470 19,001 9,960 9,556 11,043 13,234 51 5 19 6.8 5 18
Slide 19: Crude oil sales
05/3 KL 4Q(a) – 584 2Q(a) – 252 03/3 (a) 04/3 (a) 05/3 (a) ( KL) 472 293 606 252 584 21 (Yen/KL) @21,680 @21,016 @21,071 @25,679 @26,023 + 4,952 CIF $/bbl) 26.50 28.67 29.37 35.24 38.18 +8.81 Yen/$) 122.86 118.62 113.71 109.34 107.26 6.45 10,237 6,169 12,784 6,475 15,217 + 2,433 19
Slide 20: Natural gas sales
05/3 m3 4Q(a) – 1,276 m3 2Q(a) – 552 m3 03/3 (a) 04/3 (a) 05/3 (a) ( m3) 1,154 571 1,296 552 1,276 19 41,479 18,750 42,560 16,568 39,867 2,692 ( /m3) @35.92 @32.81 @32.83 @29.97 @31.22 1.61 976 442 1,024 457 1,057 +32 35,218 14,578 33,813 13,647 32,750 1,062 20
Slide 21: 05/3 PL + 04/3 (a) 05/3 (a) 96,713 103,150 +6,436 + 38,653 42,104 +3,450
05/3 PL + 24 04/3 (a) 05/3 (a) 10 96,713 103,150 +6,436 + 24 38,653 42,104 +3,450 9 5,213 6,127 + 914 20,990 21,298 + 308 30 12,449 14,678 +2,228 +23 2,018 4,323 +2,304 ( ) 101 373 475 ( ) *1 205 70 + 135 ( ) *2 737 1,936 + 1,199 ( ) *3 221 464 + 686 1,606 2,365 + 758 14,468 19,001 +4,533 6 9,960 13
Slide 22: 2006
2006 3 22
Slide 23: CIF 1Q 2Q – 4Q
06/3 CIF 1Q 48$/bbl, 107 /$ 1H (e) 2H (e) 2Q – 4Q 40$/bbl, 100 /$ 42$/bbl, 102 /$ 44,325 52,572 96,897 21,701 25,953 47,654 5,582 3,105 8,687 1H (e) 2H (e) 11,686 11,986 23,672 35,765 43,329 79,094 4,433 10,862 15,295 3,660 4,012 7,672 2,919 416 3,335 4,900 5,232 10,132 7,352 11,278 18,630 34 154 12
Slide 24: 05/3 (a) 06/3 (e) 46,371 103,150 44,325 96,897 2,046 6,253 3,139 14,678 4,433 15,295
06/3 05/3 (a) 06/3 (e) 46,371 103,150 44,325 96,897 2,046 6,253 3,139 14,678 4,433 15,295 + 1,294 + 617 7,259 19,001 7,352 18,630 + 93 371 5,583 13,234 6,282 13,615 + 699 + 381 29 22 7 10 24
Slide 25: Crude oil forecast
06/3 KL 4Q(e) –658 2Q(e) – 307 04/3 (a) 05/3 (a) 06/3 (e) ( KL) 606 252 584 307 658 +73 (Yen/KL) @21,071 @25,679 @26,023 @29,670 @27,613 +1,590 CIF $/bbl) 29.37 35.24 38.18 44.00 42.00 +3.82 Yen/$) 113.71 109.34 107.26 104 102 5.26 12,784 6,475 15,217 9,127 18,180 +2,962 25
Slide 26: Natural gas forecast
06/3 m3 4Q(e) – 1,284 m3 2Q(e) – 583 m3 04/3 (a) 05/3 (a) 06/3 (e) ( m3) 1,296 552 1,276 583 1,284 +8 42,560 16,568 39,867 17,501 40,153 + 286 ( /m3) @32.83 @29.97 @31.22 @30.00 @31.26 + 0.04 1,024 457 1,057 493 1,060 +3 33,813 13,647 32,750 14,565 32,391 358 26
Slide 27: CANOS JACOS
06/3 (API 8) 88.0% 12.0% (SAGD ) API 21 CANOS SAGD 1 100% JACOS Japan Canada Oil Sands Ltd. 99 SAGD 03 27
Slide 28: PL PL
06/3 PL 06/3 PL 1. JACOS ( ) 5,516 412 2,552 341 530 1,682 1,716 (1) JACOS 205 330 bbl 21 / bbl 1,509 80 / (2) PL 2. JACOS 1,097 (5 ) 06/3 16 28
Slide 29: 04/3 (a) 05/3 (a) 06/3 (e)
06/3 PL 04/3 (a) 05/3 (a) 06/3 (e) Japex (US) Corp. 734 1,025 CANOS / JACOS 412 05/3 682 500 1,841 1,376 273 315 258 76 509 438 05/3 Japex Gulf Producing 112 347 65 315 PL 737 3,748 3,444 (1) = = 05/3 (2) (3) 29
Slide 30: PL + 29.6 05/3 (a) 06/3 (e) 3.6 103,150 96,897 6,253 ,104 47,654 +
06/3 PL + 29.6 05/3 (a) 06/3 (e) 3.6 103,150 96,897 6,253 22 42,104 47,654 + 5,550 6,127 8,687 + 2,560 21,298 23,672 + 2,374 + 5.8 14,678 15,295 + 617 4,323 3,335 988 ( ) 373 316 + 689 ( ) *1 70 778 708 ( ) *2 1,936 372 1,564 ( ) *3 464 1,007 + 543 2,365 2,418 + 52 19,001 18,630 371 9.9 13,234 13,61
Slide 31: Exchange rate and price assumptions
06/3 = 42 USD/bbl 1$/bbl 400 400 250 = 102 /USD 800 5 /$ 800 500 (1) (2) (3) 65 31
Japan Petroleum Exploration — FY2005 Earnings Presentation on 6ix