JAPEX is planning to conduct exploratory drilling to confirm the presence of natural gas in the offshore Hidaka area of Hokkaido.
The Project will be conducted at the location approx. 5km northwest of the location where exploratory drilling operations were conducted in 2019 (hereinafter ‘Exploratory Drilling 2019’) (approx. 50km offshore in the Hidaka area of Hokkaido, at a water depth of 1,070m). While collecting data from the location, JAPEX will conduct a production test on the geological formation which shows an indication of the presence of natural gas. The survey period is scheduled from March to May 2026.
JAPEX has been analyzing and evaluating the data obtained from Exploratory Drilling 2019 in the Area commissioned by the Agency for Natural Resources and Energy of the Ministry of Economy, Trade and Industry (ANRE) and has considered exploration potential. JAPEX will conduct the Project to accurately grasp the reserves of natural gas in the Area and study the future development potential.
