Untitled Document
Untitled Document

JAPEX begins commercial shale oil production in Onnagawa formation

Japan Petroleum Exploration Co. Ltd.

Japan Petroleum Exploration Co. Ltd. (JAPEX) has been preparing for Japan’s first demonstration experiment of tight formation multistage fracturing at the Onnagawa formation (shale oil formation), which is distributed in the Fukumezawa oil field (one of the Sarukawa oil fields in Oga City, located in Japan’s Akita Prefecture). JAPEX will begin horizontal well drilling in late May as part of this experiment.

JAPEX has estimated that up to about 100 million barrels of shale oil – equivalent to about 8% of Japan's annual domestic oil demand – lie under Akita Prefecture.

JAPEX is also starting full-scale commercial production of shale oil this April at the Onnagawa tight formation in the Ayukawa oil and gas field (in Yurihonjo City, also located in the Akita Prefecture), where it had been conducting a demonstration experiment (acid treatment tests) and several flow tests since 2012 by utilizing an existing well of Kurosawa AK-1.

These drilling operations are scheduled for completion by late June. Data obtained from the pilot and horizontal wells will be analyzed in order to form a detailed plan of the fracturing operations. Based on this plan, Japan’s first multistage fracturing operations in a tight formation will be conducted at the above-mentioned horizontal section this November–December. The detailed plan of the fracturing operations will be reviewed anew by METI Tohoku.

Depending on the results of this demonstration experiment, the amount of production of crude oil and natural gas that is currently being produced at Fukumezawa oil field is expected to highly increase. The results are also expected to contribute greatly to the acquisition of knowledge about the development of tight oil at the Onnagawa formation, which is distributed widely in the Akita Prefecture.

For these operations, JAPEX is receiving support from Japan Oil, Gas and Metals National Corp. (JOGMEC).

 

 

 

 

Related Articles

Broadleaf Capital changes name to EnergyTEK

07/24/2014

Broadleaf Capital Partners Inc. has adopted the name EnergyTEK Corp., reflecting its new mission to focus on technology and its application in the oil and gas industry.

Belle Fourche and Bridger Pipeline begin open season

07/23/2014 Belle Fourche Pipeline Co. and Bridger Pipeline LLC have begun an open season to obtain volume commitments to support coordinated expansions of their Wyoming common carrier pipeline systems in orde...

ENXP closes acquisition, convertible notes offering, and senior secured term loan

07/23/2014 Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings...

ZaZa Energy enters into $7.5M capital markets transaction

07/22/2014 ZaZa Energy Corp. has entered into a $7.5 million capital markets transaction with Crede Capital Group LLC, a Los Angeles-based family office. The company plans to use the proceeds to fund addition...

US capital expenditure on refining capacity additions to reach $4B by 2020

07/22/2014 The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource...

More Oil & Gas Financial Articles

Broadleaf Capital changes name to EnergyTEK

Thu, Jul 24, 2014

Broadleaf Capital Partners Inc. has adopted the name EnergyTEK Corp., reflecting its new mission to focus on technology and its application in the oil and gas industry.

Belle Fourche and Bridger Pipeline begin open season

Wed, Jul 23, 2014

Belle Fourche Pipeline Co. and Bridger Pipeline LLC have begun an open season to obtain volume commitments to support coordinated expansions of their Wyoming common carrier pipeline systems in order to substantially increase their capacity to transport crude petroleum from the Powder River Basin to Guernsey, Wyoming.

ENXP closes acquisition, convertible notes offering, and senior secured term loan

Wed, Jul 23, 2014

Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings of its offering of $375 million in aggregate principal amount of convertible subordinated notes due 2019 in a private placement transaction, and a new $775 million senior secured term loan.

ZaZa Energy enters into $7.5M capital markets transaction

Tue, Jul 22, 2014

ZaZa Energy Corp. has entered into a $7.5 million capital markets transaction with Crede Capital Group LLC, a Los Angeles-based family office. The company plans to use the proceeds to fund additional East Texas development and lease acquisitions.

US capital expenditure on refining capacity additions to reach $4B by 2020

Tue, Jul 22, 2014

The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource production, says research and consulting firm GlobalData.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ