Mitsui Oil Exploration: Difference between revisions
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{{Infobox company |
{{Infobox company |
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| name = Mitsui Oil Exploration Co. |
| name = Mitsui Oil Exploration Co. <br /> 三井石油開発株式会社 |
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| key_people = |
| key_people =Mitsuo Hidaka <small>(President & CEO)</small> |
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| industry = [[Oil and gas industry]] |
| industry = [[Oil and gas industry]] |
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| owner =[[Mitsui & Co.]] (73.35%) <br /> [[Ministry of Economy, Trade and Industry]] (20.03%) |
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| parent = [[Mitsui & Co.]] |
| parent = [[Mitsui & Co.]] |
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| subsid = |
| subsid =MOEX USA, Corp. <br /> MOEX Offshore LLC. |
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| homepage = |
| homepage = {{URL|moeco.co.jp}} {{URL|http://www.moeco.co.jp/english/|(en)}} |
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{{Nihongo|'''Mitsui Oil Exploration Co., Ltd.'''|三井石油開発株式会社|Mitsui Sekiyu Kaihatsu Kabushiki-gaisha}} ('''MOECO''') is an [[oil exploration]] subsidiary of [[Mitsui & Co.]] that specializes in [[natural gas]]. It has its headquarters in the Hibiya Central Building in [[Nishi-Shinbashi]], [[Minato, Tokyo|Minato]], [[Tokyo]].<ref>"[http://www.moeco.co.jp/en/about/data.html Company Information]." ([http://www.moeco.co.jp/en/images/about/data_img01.gif Direct link to map]) Mitsui Oil Exploration Co. Retrieved on July 11, 2010.</ref> |
{{Nihongo|'''Mitsui Oil Exploration Co., Ltd.'''|三井石油開発株式会社|Mitsui Sekiyu Kaihatsu Kabushiki-gaisha}} ('''MOECO''') is an [[oil exploration]] subsidiary of [[Mitsui & Co.]] that specializes in [[natural gas]]. It has its headquarters in the Hibiya Central Building in [[Nishi-Shinbashi]], [[Minato, Tokyo|Minato]], [[Tokyo]].<ref>"[http://www.moeco.co.jp/en/about/data.html Company Information] {{webarchive|url=https://web.archive.org/web/20100615204829/http://www.moeco.co.jp/en/about/data.html |date=2010-06-15 }}." ([http://www.moeco.co.jp/en/images/about/data_img01.gif Direct link to map] {{webarchive|url=https://web.archive.org/web/20120308081330/http://www.moeco.co.jp/en/images/about/data_img01.gif |date=2012-03-08 }}) Mitsui Oil Exploration Co. Retrieved on July 11, 2010.</ref> |
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It was one of 17 Mitsui companies that were spun off on July 19, 1969.<ref>{{cite web|url=http://www.moeco.co.jp/en/about/data.html |title=Company Information |publisher=MOECO | |
It was one of 17 Mitsui companies that were spun off on July 19, 1969.<ref>{{cite web |url=http://www.moeco.co.jp/en/about/data.html |title=Company Information |publisher=MOECO |accessdate=2010-06-18 |url-status=dead |archiveurl=https://web.archive.org/web/20100615204829/http://www.moeco.co.jp/en/about/data.html |archivedate=2010-06-15 }}</ref> |
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Its core areas are Thailand, where it drills principally in the [[Gulf of Thailand]] in conjunction with [[Chevron Corporation|Chevron]],<ref>{{cite web|url=http://www.moeco.co.jp/en/project/thailand.html |title=Thailand | Project |publisher=MOECO |date=2009-11-18 |accessdate=2010-06-18}}</ref> and [[Vietnam]] and [[Cambodia]]. |
Its core areas are [[Thailand]], where it drills principally in the [[Gulf of Thailand]] in conjunction with [[Chevron Corporation|Chevron]],<ref>{{cite web |url=http://www.moeco.co.jp/en/project/thailand.html |title=Thailand | Project |publisher=MOECO |date=2009-11-18 |accessdate=2010-06-18 |url-status=dead |archiveurl=https://web.archive.org/web/20100617055229/http://www.moeco.co.jp/en/project/thailand.html |archivedate=2010-06-17 }}</ref> and [[Vietnam]] and [[Cambodia]]. |
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<ref>{{cite web|url=http://www.moeco.co.jp/english/about/history_archives.html |title=Mitsui Oil Exploration Co., Ltd.: About MOECO |publisher=Moeco.co.jp |
<ref>{{cite web |url=http://www.moeco.co.jp/english/about/history_archives.html |title=Mitsui Oil Exploration Co., Ltd.: About MOECO |publisher=Moeco.co.jp |accessdate=2010-06-18 |url-status=dead |archiveurl=https://web.archive.org/web/20091004011835/http://www.moeco.co.jp/english/about/history_archives.html |archivedate=2009-10-04 }}</ref> As of March 31, 2010 Mitsui & Co. owns 73.35% of the company. The [[Ministry of Economy, Trade and Industry]] owns 20.03%. Mitsuo Hidaka is the President & Chief Executive Officer.<ref>{{Cite web |
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| url = http://www.moeco.com/en/about/data.html |
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| title = Company Information {{!}} Company Information {{!}} MOECO |
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| website = www.moeco.com |
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| access-date = 2016-02-26 |
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}}</ref> |
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==United States operations== |
==United States operations== |
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In the United States |
In the United States Mitsui's subsidiary is MOEX USA Corp<ref>{{cite web |url=http://www.moeco.co.jp/english/project/index.html |title=Mitsui Oil Exploration Co., Ltd.: Project |publisher=Moeco.co.jp |accessdate=2010-06-18 |url-status=dead |archiveurl=https://web.archive.org/web/20090710023408/http://www.moeco.co.jp/english/project/index.html |archivedate=2009-07-10 }}</ref> and is headquartered in 9 [[Greenway Plaza]] in [[Houston]]. |
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In September 2007 it established subsidiary MOEX Offshore 2007 LLC which entered into a partnership with [[BP]] for drilling in the [[Gulf of Mexico]].<ref>{{cite web|url=http://www.moeco.co.jp/english/project/usa-moexusa.html |title=Mitsui Oil Exploration Co., Ltd.: Project: U.S.A |publisher=Moeco.co.jp |
In September 2007 it established subsidiary MOEX Offshore 2007 LLC which entered into a partnership with [[BP]] for drilling in the [[Gulf of Mexico]].<ref>{{cite web |url=http://www.moeco.co.jp/english/project/usa-moexusa.html |title=Mitsui Oil Exploration Co., Ltd.: Project: U.S.A |publisher=Moeco.co.jp |accessdate=2010-06-18 |url-status=dead |archiveurl=https://web.archive.org/web/20100527101652/http://www.moeco.co.jp/english/project/usa-moexusa.html |archivedate=2010-05-27 }}</ref> On April 20, 2010, its rig the ''[[Deepwater Horizon]]'' [[Deepwater Horizon explosion|exploded]] and sank, causing a massive [[Deepwater Horizon oil spill|oil spill]]. In May, 2011, MOEX Offshore, having had a 10% stake in the Deepwater Horizon through a subsidiary, agreed to pay US$1.07 billion to settle BP claims against it over the accident. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step toward [[Deepwater Horizon explosion#Lawsuits|resolving the multiple claims]].<ref>{{cite news|url=http://www.marketwatch.com/story/bp-settles-with-moex-over-macondo-spill-2011-05-20 |title=BP settles with Mitsui arm over Macondo spill|publisher=[[MarketWatch]]|author=Kennedy, Simon|date= May 20, 2011<!-- 7:49 a.m. EDT-->|accessdate= 2011-05-20}}</ref> |
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In February, 2010, through subsidiary Mitsui E&P USA LLC ("MEPUSA") it acquired 32.5% of [[Anadarko Petroleum |
In February, 2010, through subsidiary Mitsui E&P USA LLC ("MEPUSA") it acquired 32.5% of [[Anadarko Petroleum]]'s interest in the [[Marcellus Formation|Marcellus Shale]] gas project in [[Pennsylvania]] (thereby acquiring 15.5% interest in the entire project lease and approximately {{convert|100000|acres|0|abbr=on}} of land).<ref>{{cite web |url=http://www.mitsui.co.jp/en/release/2010/1190155_3894.html |title=News Releases | Participation in the Shale gas projects in Pennsylvania - MITSUI & CO., LTD |publisher=Mitsui.co.jp |accessdate=2010-06-18 |url-status=dead |archiveurl=https://web.archive.org/web/20100328233009/http://www.mitsui.co.jp/en/release/2010/1190155_3894.html |archivedate=2010-03-28 }}</ref> |
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==References== |
==References== |
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{{ |
{{Reflist}} |
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==External links== |
==External links== |
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{{Portal|Tokyo|Companies}} |
{{Portal|Tokyo|Companies}} |
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* [http://www.moeco.co.jp/english/ Mitsui Oil Exploration Co.] |
* [https://web.archive.org/web/20101205073620/http://www.moeco.co.jp/english/ Mitsui Oil Exploration Co.] |
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* [http://www.moeco.co.jp Mitsui Oil Exploration Co.] {{ |
* [https://web.archive.org/web/20100414221752/http://www.moeco.co.jp/ Mitsui Oil Exploration Co.] {{in lang|ja}} |
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{{Deepwater}} |
{{Deepwater}} |
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{{Authority control}} |
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[[Category: |
[[Category:Mitsui & Co.|*]] |
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[[Category: |
[[Category:Oil companies based in Tokyo]] |
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[[Category:Natural gas companies of Japan]] |
[[Category:Natural gas companies of Japan]] |
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[[Category: |
[[Category:Energy companies established in 1969]] |
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[[Category: |
[[Category:Non-renewable resource companies established in 1969]] |
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[[Category:Oil exploration]] |
Latest revision as of 19:06, 26 April 2021
Industry | Oil and gas industry |
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Founded | July 19, 1969 |
Headquarters | , Japan |
Key people | Mitsuo Hidaka (President & CEO) |
Owner | Mitsui & Co. (73.35%) Ministry of Economy, Trade and Industry (20.03%) |
Parent | Mitsui & Co. |
Subsidiaries | MOEX USA, Corp. MOEX Offshore LLC. |
Website | moeco |
Mitsui Oil Exploration Co., Ltd. (三井石油開発株式会社, Mitsui Sekiyu Kaihatsu Kabushiki-gaisha) (MOECO) is an oil exploration subsidiary of Mitsui & Co. that specializes in natural gas. It has its headquarters in the Hibiya Central Building in Nishi-Shinbashi, Minato, Tokyo.[1]
It was one of 17 Mitsui companies that were spun off on July 19, 1969.[2]
Its core areas are Thailand, where it drills principally in the Gulf of Thailand in conjunction with Chevron,[3] and Vietnam and Cambodia. [4] As of March 31, 2010 Mitsui & Co. owns 73.35% of the company. The Ministry of Economy, Trade and Industry owns 20.03%. Mitsuo Hidaka is the President & Chief Executive Officer.[5]
United States operations
[edit]In the United States Mitsui's subsidiary is MOEX USA Corp[6] and is headquartered in 9 Greenway Plaza in Houston.
In September 2007 it established subsidiary MOEX Offshore 2007 LLC which entered into a partnership with BP for drilling in the Gulf of Mexico.[7] On April 20, 2010, its rig the Deepwater Horizon exploded and sank, causing a massive oil spill. In May, 2011, MOEX Offshore, having had a 10% stake in the Deepwater Horizon through a subsidiary, agreed to pay US$1.07 billion to settle BP claims against it over the accident. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step toward resolving the multiple claims.[8]
In February, 2010, through subsidiary Mitsui E&P USA LLC ("MEPUSA") it acquired 32.5% of Anadarko Petroleum's interest in the Marcellus Shale gas project in Pennsylvania (thereby acquiring 15.5% interest in the entire project lease and approximately 100,000 acres (40,469 ha) of land).[9]
References
[edit]- ^ "Company Information Archived 2010-06-15 at the Wayback Machine." (Direct link to map Archived 2012-03-08 at the Wayback Machine) Mitsui Oil Exploration Co. Retrieved on July 11, 2010.
- ^ "Company Information". MOECO. Archived from the original on 2010-06-15. Retrieved 2010-06-18.
- ^ "Thailand | Project". MOECO. 2009-11-18. Archived from the original on 2010-06-17. Retrieved 2010-06-18.
- ^ "Mitsui Oil Exploration Co., Ltd.: About MOECO". Moeco.co.jp. Archived from the original on 2009-10-04. Retrieved 2010-06-18.
- ^ "Company Information | Company Information | MOECO". www.moeco.com. Retrieved 2016-02-26.
- ^ "Mitsui Oil Exploration Co., Ltd.: Project". Moeco.co.jp. Archived from the original on 2009-07-10. Retrieved 2010-06-18.
- ^ "Mitsui Oil Exploration Co., Ltd.: Project: U.S.A". Moeco.co.jp. Archived from the original on 2010-05-27. Retrieved 2010-06-18.
- ^ Kennedy, Simon (May 20, 2011). "BP settles with Mitsui arm over Macondo spill". MarketWatch. Retrieved 2011-05-20.
- ^ "News Releases | Participation in the Shale gas projects in Pennsylvania - MITSUI & CO., LTD". Mitsui.co.jp. Archived from the original on 2010-03-28. Retrieved 2010-06-18.
External links
[edit]- Mitsui Oil Exploration Co.
- Mitsui Oil Exploration Co. (in Japanese)