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INPEX created a venture company called INPEX Browse, Ltd on 1 September 1998.
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Please help update this article to reflect recent events or newly available information. INPEX also operates the Naoetsu LNG receiving terminal in Niigata and a natural gas pipeline network of approximately 1,500 km to connect to gas customers within Japan. The main focus of the company's operations in Japan is the Minami-Nagaoka Gas Field in Niigata Prefecture. The company has a labor-management council and regular meetings are held. Īs of March 31, 2010, the INPEX Labor Union has 1,030 members. As at 31 December 2019, INPEX had 3,117 employees on a consolidated basis. In the fiscal year 2011 the company had 2,146 staff, with 784 temporary employees. 1980 West Bakr block of Egypt commenced production (sold in 2012 after cumulative production of approximately 50 million barrels of oil).1975 Completed development of overseas project at Democratic Republic of Congo.1970 Higashi-Kashiwazaki gas field commenced production.1965 Completed development at Minami-Aga oil field.1962 Completed Japan's first long-distance natural gas pipeline between Tokyo and Niigata Prefecture.1959 Kubiki oil and gas field commenced production.1950 Commerced development at Yabase oil field, Akita, Japan.Teikoku Oil Company Ltd was founded as a semi-governmental company to unify the existing Japanese oil exploration companies in 1941. The Mahakam Bloc, the original INPEX's first site, was nationalized by the Government of Indonesia in 2018, and is currently operated by Pertamina. On October 1, 2008, the merger was completed with Inpex Corporation being formed from INPEX Holdings, INPEX, and Teikoku Oil, and the headquarters were moved to Akasaka, Tokyo. Merger Īs a result of a government-orchestrated merger, INPEX Corporation and Teikoku Oil agree to form INPEX Holdings on April 3, 2006. It was the second of JNOC's subsidiaries to go public, after the Japan Petroleum Exploration Company in December 2003. At the time, 18.9 percent of the company was owned by METI. INPEX was listed on the first section of the Tokyo Stock Exchange on Novemwhen the indebted Japan National Oil Corporation (JNOC), now part of the Japan Oil, Gas and Metals National Corporation which owned a 53.96% stake in Inpex, put up for sale 343,725 shares (17.9 percent of Inpex's 1.92 million outstanding shares).