On Friday, Japan’s Japex started the commercial production of a heavy crude grade at a reservoir close to the expanded onshore Yufutsu field on Hokkaido Island.
The initial rate is about 1,300 bpd and the new output will add to the company’s domestic oil and gas output. This will make a change after the company has focused on upstream expansions overseas these past few years.
Japex’s total oil and gas output in the 2019-2020 fiscal year hit the highest level at 76,000 boepd.
