JAPEX to invest $500 mln to develop southern U.S. tight oil interests
13/05/2022 06:07
TOKYO, May 13 (Reuters) - Japan Petroleum Exploration Co
1662.T said on Friday its U.S. unit would invest about $500
million through 2024 to develop tight oil interests in the
southern United States, with production due to start from the
middle of this year.
The investments will be made under the wellbore interests it
has acquired in Texas and Oklahoma, JAPEX said in a statement.
(Reporting by Chang-Ran Kim; Editing by Tom Hogue)
((ran.kim@thomsonreuters.com; +81-3-4520-1228;))
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