Japan Petroleum Exploration : Announcement regarding change of corporate name of consolidated subsidiary
July 15, 2024 at 09:22 pm EDT
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2024.7.16
Japan Petroleum Exploration Co., Ltd. (JAPEX) announces that Longboat JAPEX Norge AS (hereinafter "LJN"), a subsidiary of JAPEX, has resolved to change its corporate name at the LJN General Shareholders Meeting held on Friday, July 12th (local time) in Norway.
Outline of the company
（１）
Corporate Name
Longboat JAPEX Norge AS ※(Norway corporate)
（２）
Head Office
Strandkaien 36, 4005 Stavanger, Norway
（３）
Representative：Name
Managing Director：Hilde Salthe
（４）
Business Activities
Exploration, development and production of petroleum resources offshore Norway
（５）
Share Capital
100 million yen
(6,786,432NOK, 1NOK=15yen)
New corporate name
JAPEX Norge AS
Reasons of changing its corporate name
As has notified in the company announcement "Conclusion of the share purchase agreement to acquire Longboat JAPEX Norge AS as a wholly owned company of JAPEX, which promotes exploration, development and production offshore Norway," dated June 17, 2024, JAPEX has decided to make LJN a subsidiary of JAPEX. Following the approval of the acquisition by the Norwegian government authorities, and fulfillment of other requirements, the acquisition of LJN shares has now been completed, and LJN's corporate name has changed to "JAPEX Norge AS."
JAPEX Norge AS is currently engaged in exploration and development in multiple license interests in the Norwegian North Sea and the Norwegian Sea, and will continue to work on expanding crude oil and natural gas production from the operations.
Date of changing its corporate name
July 12, 2024 (local time) in Norway
Related News
Disclosure onJune 17, 2024: Conclusion of the share purchase agreement to acquire Longboat JAPEX Norge AS as a wholly owned company of JAPEX, which promotes exploration, development and production offshore Norway (257.5KB)
Disclosure on MAY 2, 2023: Capital Participation in a Subsidiary of U.K.-based Longboat Energy PLC which Promotes Exploration and Development in Offshore Norway (184.5KB)
Please note that the information in the news is as of the announcement date and may be subject to change without notice.
JAPEX - Japan Petroleum Exploration Co. Ltd. published this content on
16 July 2024 and is solely responsible for the information contained therein. Distributed by
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Japan Petroleum Exploration Co., Ltd. is a company principally involved in crude oil and natural gas related business. The Company operates in four geological segments. The Japan segment involves in the exploration, development, production, purchase, sale, transportation of crude oil and natural gas, the production, purchase, sale, transportation of petroleum products, as well as contracting work of mining wells. The North America segment involves in exploration, development, production, purchase and sale of crude oil, natural gas, as well as bitumen which is super heavy oil collected from the oil sand layer in North America. The Europe segment involves in the exploration of crude oil and natural gas in Europe. The Middle East segment involves in the exploration, development and production of crude oil and natural gas in Middle East.
JAPAN PETROLEUM EXPLORATION CO., LTD. 
