Sarukawa is a producing conventional oil field located onshore Japan and is operated by Japan Petroleum Exploration. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Akita. Buy the profile here.
An expansion project is associated with the Sarukawa, namely the Sarukawa IOR Project. This project is currently in the feasibility stage.
Field participation details
The field is owned by Japan Petroleum Exploration.
Production from Sarukawa
The Sarukawa conventional oil field recovered 66.33% of its total recoverable reserves, with peak production in 2006. The peak production was approximately 0.48 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1.06 Mmboe, comprised of 1.06 Mmbbl of crude oil & condensate.
About Japan Petroleum Exploration
Japan Petroleum Exploration Co Ltd (JAPEX) is an integrated energy company that carries out exploration, development, production and sale of crude oil and natural gas. It also purchases, sells, transports, and supply crude oil and natural gas through pipelines, tank trucks and tankers. The company manufactures, sells and transports petroleum products, and bitumen. It focuses on the development of renewable energy including geothermal power generation and offers contract drilling services. It also facilitates carbon dioxide underground storage. The company has main offices in Japan, the US, the UK, Indonesia and the UAE, and operations in the US, Indonesia, Canada, Iraq and Russia. JAPEX is headquartered in Tokyo, Japan.
For more details on the Sarukawa Conventional Oil Field, buy the profile here.