Japan Drilling

Energy
TYO: 1606
Japan

As of August 15, 2019, the state of Iowa listed Japan Drilling on its Iran scrutinized companies list.

--

In 2015, CalSTRS designated Japan Drilling Co. Ltd. as “Under Review” for potentially having ties to Iran. In 2016, CalSTRS stopped and restarted the review process based on changes in CalSTRS’ holdings in the company’s securities. In 2017, CalSTRS designated Japan Drilling Co. Ltd. as “Being Monitored” and maintained that designation in 2018. In 2015, Japan Drilling Co. Ltd. was identified as possibly operating offshore drilling services in Iran with clients including the Iranian government.

--

In 2018 the U.S. state of Iowa listed Japan Drilling on its Iran prohibited companies list rendering Japan Drilling ineligible for investment and/or state contracting.--

--

In 2017 the U.S. state of California identified Japan Drilling as a company under review for potentially operating in Iran with ties to the Iranian government.

--

In 2017 the U.S. state of Rhode Island, South Carolina and Tennessee listed Japan Drilling on its Iran prohibited companies list rendering Japan Drilling ineligible for investment and/or state contracting.

--

"The oil rigs currently operating in Iranian waters mostly work for Iranian state-owned companies. The rigs are owned by a variety of foreign firms, including Norway's Sinvest, London-based Foresight Group, China Oilfield Service, Japan Drilling and Saipem, a subsidiary of Italian oil giant ENI. Industry sources said they would probably be certified by either Lloyd's or Bureau Veritas. BV did not respond to inquiries." (The Washington Post, "Congress sees shipping-certification firms as tool to tighten Iran noose," 12/5/2011)