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Mitsubishi Corporation Exploration (MCX) operates E&P projects including exploration, development and production in many regions throughout the world including West Africa as core area, US Gulf of Mexico, UK North Sea, Asia, and North Africa.
Furthermore, with regard to the LNG business, one of Mitsubishi Corporation's core businesses, MCX is both participating in existing businesses in such locations as Australia, Malaysia, and Sakhalin as well as conducting technical support to Mitsubishi Corporation in the upstream sector related to new project development.
Through Mitsubishi Corporation subsidiary, MPDC Gabon Co., Ltd., MCX is involved in the exploration, development and production of oil in four offshore blocks in Gabon. Development and production is underway at the Baudroie Merou and the Ebene Block , and exploration is in progress at the Azobe Block. MCX is engaged in exploration as an operator in the Nguma Block.
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Exploration, development and production activities are ongoing through our group companies - Angola Japan Oil Co., Ltd, AJOCO Exploration Co., Ltd, and AJOCO'91 Exploration Co., Ltd. - in Block-3, offshore Angola. With a view to expand and strengthen our activities, a Representative Office has been established in Luanda, Angolan capital in 2008. From March 2009, one MCX staff is stationed. |
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MCX is engaged in E&P projects in the US Gulf of Mexico through the dispatch of personnel to MCX Exploration (USA), Ltd. Currently it holds interests in over 40 blocks in the US Gulf of Mexico including 7 in K2 Unit, and more than 10 of those blocks are producing oil and gas. At several of those blocks, development works are in progress. In the remaining blocks, development works or exploration are scheduled to begin in the near future. |
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Through Mitsubishi Corporation's subsidiary, MCX Exploration (UK) Ltd. located in London, MCX is involved in the exploration, development and production of oil and gas in the UK North Sea. Currently, additional development works are underway in the Dunlin Cluster oil producing fields in the northern UK North Sea. We wish to establish the base of the business and grow our activities further in this area. |
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PT MCX ASIA was established to carry out and promote E&P business in South East Asia. Currently, in cooperation with Japan Petroleum Exploration Co., Ltd. (JAPEX), we are effectively a joint operator of the Kangean PSC, located in the offshore East Java, Indonesia, and engaged in developing and producing natural gas & oil in the block. Several oil & gas developments are expected to proceed for further production increases. Mitsubishi Corporation indirectly holds 19.97% of Indonesia's PT. Medco Energi Internasional Tbk, whereby both companies will look to expand and reinforce the business relationship with a view to enhancing their respective presence in the jurisdictions in which they operate such as the up- and downstream oil and gas industry. |
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MCX has been conducting exploration activities for four blocks in Libya, both onshore and offshore.
In Tunisia, appraisal works are currently underway in the Chaal block, onshore proved undeveloped gas field.
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