Energy Division-II
Message from the COO
- Managing Executive Officer, COO, Energy Division-II
- Kazuaki Tanaka
Energy Division-II is keenly focused on enhancing its earnings base through two main strategic fields—the resource development field, mainly the exploration and development of oil and gas fields and uranium mines, and the broad field of nuclear fuel.
In resource development, in conjunction with promoting exploration, development and production projects at oil and gas fields around the world, the division is taking part in a uranium mine development project in Kazakhstan. In the nuclear fuel sector, the division’s focus is on uranium procurement and sales, providing services pertaining to each stage of the nuclear fuel cycle, and the sale of equipment and materials for nuclear power plants.
Sources of Strength
• Full-stage upstream resource development operations (exploration, development and production)
The division is steadily promoting oil, natural gas and uranium development projects in the United States, the United Kingdom, India, Qatar, Russia, Kazakhstan and other locations worldwide. In fiscal 2010, the division acquired interests at oil and gas producing blocks in the U.S. Gulf of Mexico.
Meanwhile, test production has commenced at the Kharassan uranium mines in Kazakhstan as part of preparations for commercial production. The division is also taking proactive steps to identify new prime resource development projects in an ongoing and assertive effort to increase its production and reserve volumes.
• Nuclear fuel business centered on expanded uranium trading
The division is expanding its global procurement and sales of uranium, with efforts led by bases in Japan and the United States. The division is also vigorously developing wide-ranging business activities such as the provision of solutions services pertaining to each stage of the nuclear fuel cycle and, through operating companies, of nuclear power plant equipment and materials.
News & Topics
Purchase Agreement Concluded for Oil and Gas Production Interests in U.S. Gulf of Mexico
Uranium Mine Development Project in Kazakhstan
