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Mitsui Oil Exploration

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This is an old revision of this page, as edited by Shadowjams (talk | contribs) at 01:19, 18 June 2010 (newpage tagging and cleanup, typos fixed: subsidary → subsidiary using AWB). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Mitsui Oil Exploration Co., Ltd., (MOECO) is an oil exploration subsidiary of Mitsui based in Tokyo that specializes in natural gas.

It was one of 17 Mitsui companies that were spun off on July 19, 1969.[1]

Its website says its core area is Thailand (where it drills principally in the Gulf of Thailand.[2] in conjunction with Chevron) and Vietnam and Cambodia. [3] As of March 31, 2010 Mitsui owns 69.91% of the company. The Ministry of Economy, Trade and Industry owns 20.03%. Yoshiyuki Kagawa is the President & Chief Executive Officer. Its website says it has 110 employees.

United States operations

In the United States its subsidiary is MOEX USA Corp[4] and is headquartered in the Greenway Plaza, Houston in Houston, Texas.

In September 2007 it established subsidiary MOEX Offshore 2007 LLC which entered into a partnership with BP for drilling in the Gulf of Mexico.[5] On April 20, 2010, its rig the Deepwater Horizon exploded and eventually sunk prompting the Deepwater Horizon oil spill.

On February 16, 2010 through subsidiary Mitsui E&P USA LLC ("MEPUSA")it acquired 32.5% of Anadarko Petroleum Corporation's interest in the Marcellus Shale gas project (15.5% interest in the entire project) fore leaste of 100,000 acres (40,469 ha) in Pennsylvania[6]

Referenes

  1. ^ "Company Information". MOECO. Retrieved 2010-06-18.
  2. ^ "Thailand | Project". MOECO. 2009-11-18. Retrieved 2010-06-18.
  3. ^ "Mitsui Oil Exploration Co., Ltd.: About MOECO". Moeco.co.jp. Retrieved 2010-06-18.
  4. ^ "Mitsui Oil Exploration Co., Ltd.: Project". Moeco.co.jp. Retrieved 2010-06-18.
  5. ^ "Mitsui Oil Exploration Co., Ltd.: Project: U.S.A". Moeco.co.jp. Retrieved 2010-06-18.
  6. ^ "News Releases | Participation in the Shale gas projects in Pennsylvania - MITSUI & CO., LTD". Mitsui.co.jp. Retrieved 2010-06-18.
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