|
Through their subsidiaries in the U.K., Mitsubishi Corporation (MC) and its partner, U.K.-based independent oil company Fairfield Energy, have acquired all of the equity in the Dunlin oil field and surrounding oil fields, with MC taking a 30% share to Fairfield's 70%. The assets were purchased from subsidiaries of four major international oil companies (Royal Dutch Shell, ExxonMobil, Statoil, and OMV). The deal also included interests in related transportation facilities. All procedures were completed on April 30 as ownership of the assets was officially transferred.
The Dunlin cluster is a generic name for multiple oil fields located beneath the northern part of the North Sea. The oil fields produce Brent Crude, which serves as a leading benchmark for oil prices. Through additional development programs, MC aims to boost production from the current level of approximately 8,000 barrels per day to 40,000 barrels per day (at peak production).
|
 |
On May 20, 2008, a press briefing was held in Tokyo to announce the establishment of SIGMAXYZ Inc. The new business consulting company was established with capital of 2 billion yen by Mitsubishi Corporation (MC) and RHJ International, with MC taking a 51% interest. Koichi Komatsu, CEO of the Business Innovation Group, kicked off the briefing by introducing the new venture. SIGMAXYZ's CEO, Hideki Kurashige, and its COO, Hiromichi Kakihara, then provided an in-depth overview of the venture.
As the challenges of business become more complex, the critical issue faced by many of our client companies is how to aggregate the components of business and technology and how to translate such aggregation into improved corporate value. SIGMAXYZ aims to create corporate value for its client companies through aggregation services. Leveraging the business operation skills and know-how of the MC Group that encompasses many business sectors and varying types of operation, these services advance projects by aggregating components and skills from the field of information and communication technology (ICT) with those of business. Pursuing a business model centered on collaboration with client companies and business partners, the new venture aims to expand its business both qualitatively and quantitatively, and ultimately reach the organizational size of some 2,000 employees.
|
 |
On May 2008, Mitsubishi Corporation (MC) received an order from Brazilian mining giant Companhia Vale do Rio Doce ("Vale") for 12 pieces of large equipment to be used at its iron ore stock yard. MC teamed up the DHI·DCW Group and the Shenyang Mining Machinery Group on the deal, representing the first time that MC has joined with Chinese manufacturers to secure a project of this scale in the field of mining equipment.
MC is now seeking to expand the international scope of its business in order to "tap into global growth". In line with this vision, the Project Development Unit came together with Mitsubishi Corporation do Brazil and Mitsubishi Corporation China to demonstrate outstanding teamwork in winning this order. Vale is looking to boost production through a number of new projects, and the company is currently seeking to cultivate ties with equipment suppliers. Vale has high expectations of MC because of its global network and proven know-how in the area of contract performance management.
While continuing to promote collaboration with our Chinese partners, we will target new opportunities related to metal resources development projects in countries all around the world.
|
|
|
