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TABLE-Japan oil firms lift annual spending on refineries, cut exploration
May 15, 2017 / 11:14 AM / 4 months ago

TABLE-Japan oil firms lift annual spending on refineries, cut exploration

    May 15 (Reuters) - Some Japanese oil companies have raised
their capital investment plans for the year that started on
April 1, putting money into refineries and other downstream
projects, while others have focused on cutting spending on
exploration and production. 
    The offset of the refinery expenditures and some large
upstream developments has lifted the planned total investments
by Japan's five refiners and developers to 1.24 trillion yen
($10.9 billion) for the 2017/18 fiscal year, up 0.3 percent from
the previous year, Reuters calculations showed.    
    The following table describes Japanese oil companies'
investment plans for the 2017/18 business year versus a year
earlier. Units are in billions of yen. 
    
                          Company  2017/18  2016/17   % change
                    JXTG Holdings      400   around     around
                                                450        -11
                         Idemitsu       98     70.8        +38
            Cosmo Energy Holdings    127.6    120.3         +6
              Inpex (development)      606    578.5         +5
              Inpex (exploration)      8.0     16.1        -50
              Japex (exploration)    1.373    1.512         -9
                            Total  1,240.9  1,237.2       +0.3
 
    ($1 = 113.6100 yen)
    

 (Reporting by Osamu Tsukimori; Editing by Tom Hogue)
  

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