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Chiyoda Invests in MPDC Gabon Co. Ltd.
édité le 04/10/2013 - Plus de news de "Chiyoda" - Voir la fiche entreprise de "Chiyoda"
 Chiyoda Corporation is pleased to announce that it has acquired 2,475 shares (equivalent to 25% of issued shares) of MPDC Gabon Co. Ltd. (hereinafter “MPDC”) from Mitsubishi Corporation.
MPDC holds participating interests in two offshore blocks in Republic of Gabon, including a 50% interest in Baudoroie Merou block and a 50% interest in Loche East block. Baudoroie Merou block has been operated stably and continuously since its first production in 1980 and it is expected that the revenue from this block will contribute to the stability of Chiyoda’s income. It is also planned to increase production in the other block, Loche East, by drilling a new production well in or after 2014.
Chiyoda announced in its medium-term management plan in May 2013 that it would prioritize “the expansion of its business fields to offshore and upstream projects” and “acceleration of investment” as its growth strategies. The investment in MPDC will promote these growth strategies.
Through investment in MPDC, Chiyoda expects to acquire knowledge of the needs for offshore and upstream industries. In addition, by integrating Chiyoda’s engineering capability with the specialized knowledge and expertise of Xodus Group (Holding) Ltd., with which we formed a strategic capital alliance in July 2013, Chiyoda will expand its business fields and will provide integrated services covering study, conceptual definition, Pre-FEED, FEED, construction and installation to enhance the value for customers in energy development projects.
About Chiyoda
Since its establishment in 1948, Chiyoda (TSE: 6366, ISIN: JP3528600004) has long engaged in engineering, procurement and construction (EPC) of various field of industrial plant facilities, ranging from fields of refining, petrochemical, gas processing to pharmaceutical, fine chemicals and general industries. We have served a large number of clients with our EPC expertise not only in Japan but also in many parts of the world. As engineering company, Chiyoda also develops and possesses its own proprietary processes centered around catalyst technology, and we offer our technology for solution in environmental and chemical fields.
Origine : Communiqué Chiyoda
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