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News Release 2011
 
Business Info

29MAR2012 Production starts in US natural gas field
 

Yokohama JapanJGC Corporation has announced that its wholly-owned subsidiary JGC Energy Development (USA), Inc. (JEDI) began production from first exploratory well in south Louisiana, USA, where JGC holds 9.5% share.

This is a natural gas exploration business located in the lake region of Vermilion County, Louisiana and operated by the US company Petroquest Energy Inc. The well was encountered commercial discovery in August 2011.

Currently, the well is producing natural gas (23 MMscfd), crude oil (470 bbl/day), and NGL (875 bbl/day). In addition, drilling of a second well has been underway since February, to further investigate the extent of the gas reservoir. Production from this well is expected to start around August.

JGC started its full-fledged oil and gas production and development business in Louisiana in 2007, through its subsidiary JEDI. Since then, JGC has worked toward acquiring and discovering more reserves and boosting production volume. Discovery of the new gas reserves and starting production will boost our overall production volume and reserves, as well as advance our company's overall oil and gas E&P business. We will continue working to find and to add new reserves to expand our E&P business.



 

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