Japan Petroleum Exploration Co., Ltd. announced the establishment of the "Japan Carbon Neutral Division" as of April 1, 2024, to enhance our business in the carbon neutral field in Japan. To smoothly promote carbon neutral business initiatives, including domestic CCS business, the Environmental Business Promotion Dept. and the New Business Promotion Dept.

will be merged into a new Japan Carbon Neutral Division. The new division will consist of the Business Development Dept. I and the Business Development Dept.

II, which will promote commercialization, and the Storage Engineering Dept. and the Pipeline & Facility Engineering Dept., which will oversee technology-related operations in the carbonneutral business.