Inpex

INPEX Corporation is a Japanese oil company established in February 1966¹ as North Sumatra Offshore Petroleum Exploration Co., Ltd. INPEX is the largest oil and gas exploration and production company in Japan, with global exploration, development and production projects in 20 countries. In the 2020 Forbes Global 2000, INPEX was ranked as the 597th-largest public company in the world.

INPEX Corporation is a Japanese oil company established in February 1966 as North Sumatra Offshore Petroleum Exploration Co., Ltd. INPEX is the largest oil and gas exploration and production company in Japan, with global exploration, development and production projects in 20 countries. In the 2020 Forbes Global 2000, INPEX was ranked as the 597th-largest public company in the world. ==Public listing== INPEX was listed on the first section of the Tokyo Stock Exchange on November 17, 2004 when the indebted Japan National Oil Corporation (JNOC), now part of the Japan Oil, Gas and Metals National Corporation, which at that time owned a 53.96% stake in INPEX, put up for sale 343,725 shares (17.9 percent of INPEX's 1.92 million outstanding shares). At the time, 18.9 percent of the company was owned by METI. It was the second of JNOC's subsidiaries to go public, after the Japan Petroleum Exploration Company in December 2003. ==Merger== As a result of a government-orchestrated merger, INPEX Corporation and Teikoku Oil agree to form INPEX Holdings on April 3, 2006. On October 1, 2008, the merger was completed with Inpex Corporation being formed from INPEX Holdings, INPEX, and Teikoku Oil, and the headquarters were moved to Akasaka, Tokyo. The Mahakam Bloc, the original INPEX's first site, was nationalized by the Government of Indonesia in 2018, and is currently operated by Pertamina. ===Teikoku Oil=== Teikoku Oil Company Ltd was founded as a semi-governmental company to unify the existing Japanese oil exploration companies in 1941¹. 1950 Commerced development at Yabase oil field, Akita, Japan 1959 Kubiki oil and gas field commenced production 1962 Completed Japan's first long-distance natural gas pipeline between Tokyo and Niigata Prefecture 1965 Completed development at Minami-Aga oil field 1970 Higashi-Kashiwazaki gas field commenced production 1975 Completed development of overseas project at Democratic Republic of Congo 1980 West Bakr block of Egypt commenced production (sold in 2012 after cumulative production of approximately 50 million barrels of oil) ==Staff== In the fiscal year 2011 the company had 2,146 staff, with 784 temporary employees. As at 31 December 2019, INPEX had 3,117 employees¹ on a consolidated basis. As of March 31, 2010, the INPEX Labor Union has 1,030 members¹. The company has a labor-management council and regular meetings are held. ===Operations in Japan=== The main focus of the company's operations in Japan is the Minami-Nagaoka Gas Field in Niigata Prefecture. INPEX also operates the Naoetsu LNG receiving terminal in Niigata and a natural gas pipeline network of approximately 1,500 km to connect to gas customers within Japan. ==See also== List of gas fields in Indonesia ==References== ==External links== INPEX Corporation INPEX Australia - Browse Project

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