JAPEX Expands Presence on Norwegian Continental Shelf with New Acquisition
Japan Petroleum Exploration Co., Ltd. (JAPEX) is expanding its operations on the Norwegian Continental Shelf through its subsidiary JAPEX Norge, aiming to build a balanced portfolio and long-term value. The company has acquired a 20% interest in production license PL1119, which includes the Mistral South gas and condensate discovery. This move aligns with JAPEX's Management Plan 2026–2035, which targets quadrupling global production to 180,000 boe/d by 2035.
Tickers: $EQNR
Topics: acquisition energy exploration international expansion Norwegian Continental Shelf oil and gas