CIECO Exploration and Production (UK) Limited

CIECO BTC (UK) Limited

collectively "CIECO UK"
North Sea UK ITOCHU oil Exploration (Azerbaijan) inc. ITOCHU oil Exploration (BTC) inc. Ras Laffan LNG Project OMAN LNG Project Sakhalin-1 Project EAST SIBERIA PROJECT CIECO BTC (UK) Ltd.

Oil Platform

CIECO UK is a London based oil and gas E&P company established in 1992 and is a wholly owned subsidiary of ITOCHU Corporation (ITOCHU). CIECO UK's oil and gas E&P related sister companies include ITOCHU Oil Exploration (Azerbaijan) Inc. and ITOCHU Oil Exploration Company Ltd.

ITOCHU, since its foundation in 1856, has been one of the largest international trading conglomerates headquartered in Tokyo and Osaka, having approximately 130 bases in more than 65 countries with over 110,000 group employees. As an integrated cross-industry company, ITOCHU is not only engaged in the E&P sector, but also synergies with other businesses i.e. trading/crude marketing, plant and pipeline business. ITOCHU is also participating in the Ras Laffan LNG Project in Qatar, the Qalhat LNG project in Oman and the Oman LNG project through an equity share holding. ITOCHU is also a LNG off-taker for the Oman LNG project.

CIECO UK acts as the base office for ITOCHU's oil and gas E&P business, covering activities in the UKCS, Europe, Africa, Middle East and CIS. Currently, ITOCHU's worldwide net production has been approximately 36,000 boepd and ITOCHU is seeking to increase its net production by acquiring quality assets as well as excellent companies.

CIECO UK's current net oil production has been just below 1,000 barrels per day. In last two decades, CIECO UK has accumulated a wealth of E&P knowledge and experience and is now a competent and reliable player in the E&P industry.