KEYFACT Energy
Contacts
ITOCHU Oil Exploration Co., Ltd.
5-1, Kita-Aoyama 2-chome
Minato-ku, Tokyo 107-0061
Japan
Tel: 03-3497-8113
ITOCHU Oil
Description
ITOCHU Oil Exploration Co., Ltd., also known as CIECO, is an upstream E & P company headquartered in Tokyo, Japan. CIECO is known for its technological expertise in all aspects of oil and natural gas exploration, development, and production.
As an operating subsidiary company for the ITOCHU Corporation (ITC), CIECO, with its know-how in reservoir management and exploitation, risk management and finance structuring related to the hydrocarbon industry, plays a central role in every aspect of the upstream hydrocarbon businesses of the ITOCHU Group. CIECO's E&P business spans nearly 10 countries globally.
CIECO's current upstream portfolio includes operations in Azerbaijan (Azeri-Chirag-Gunashili field), the U.K. North Sea and Russia (offshore Sakhalin and onshore East Siberia). In addition, CIECO is a partner in the 1768km Baku-Tbilisi-Ceyhan (BTC) Pipeline project, which transports the ACG crude from Baku, Azerbaijan to the Mediterranean port of Ceyhan, Turkey through Tbilisi in Georgia. The pipeline was completed and export of the ACG crude commenced in June 2006.