Inpex

INPEX Corporation is a Japanese oil company established in February 1966 as North Sumatra Offshore Petroleum Exploration Co., Ltd.

Public listing

INPEX was listed on the first section of the Tokyo Stock Exchange on November 17, 2004. At that time the indebted Japan National Oil Corporation (JNOC), now part of the Japan Oil, Gas and Metals National Corporation which owned a 53.96% stake in Inpex, put up for sale 343,725 shares (17.9 percent of Inpex's 1.92 million outstanding shares). It was the second of JNOC's subsidiaries to go public, after the Japan Petroleum Exploration Company in December 2003.

Merger

On April 3, 2006, INPEX Corporation and Teikoku Oil merged to form INPEX Holdings. On October 1, 2008, the merger process was completed with Inpex Corporation being formed from INPEX Holdings, INPEX, and Teikoku Oil, and the headquarters were moved to Akasaka, Tokyo.

Staff

In the fiscal year 2011 the company had 2,146 staff, with 784 temporary employees.

As of March 31, 2010, the INPEX Labor Union has 1,030 members. The company has a labor-management council and regular meetings are held.