Japan's Inpex Makes Organisational Changes
Japanese oil and gas explorer Inpex May 20 announced a series of organisational changes.
The company will establish the New Ventures & Global Exploration Division and Strategic Projects Office, reorganise the overseas regional project divisions and the Technical Division and reposition the Legal Unit as a standalone unit reporting directly to the president & CEO, it said. The company will also make associated personnel appointments at the general manager level, effective June 25, 2019.
The current New Ventures Division will be restructured into the New Ventures & Global Exploration Division in order to reinforce oil and gas exploration and M&A capabilities. It will comprehensively oversee the strategic management and capital distribution of Inpex’s exploration operations.
The Strategic Projects Office, which will report directly to the president & CEO, will provide counsel on the implementation of key projects shaping management strategy in order to strengthen project management and execution, Inpex said.
The company said that in order to establish a business structure enabling the efficient implementation of oil & natural gas upstream operations outside of Japan, the current overseas regional project divisions will be reorganised into the Asia Projects Division, Oceania Projects Division, Americas Projects Division, Eurasia, Middle East & Africa Projects Division and Abu Dhabi Projects Division. Each division will consist of a Commercial Coordination Unit and Technical Unit. In addition, the Asia Projects Division will also include the Masela Unit while the Oceania Projects Division will include the Ichthys Unit.
To focus on digitisation as a means to reinforce the company’s competitiveness, the Digital Transformation Unit will be established within the Technical Division. In addition, the Operated Projects Support Unit, Technical Support Unit and Well Engineering Unit will be established to strengthen technical support functions assisting project operations, Inpex added.
In order to further reinforce legal support functions assisting business operations in Japan and around the world, the Legal Unit will be repositioned as a standalone unit reporting directly to the president & CEO.