Yamaha Confirm ENEOS / JX Nippon Oil Sponsor To Replace Petronas

Yamaha has confirmed that Japanese oil company JX Nippon will be partnering the Yamaha MotoGP team as sponsor in 2012. As uncovered by Greek website motograndprix.gr and reported here earlier this month, JX Nippon will be using their sponsorship of the Yamaha MotoGP team to promote the ENEOS brand, a range of performance oil products sold worldwide.

ENEOS sponsorship will appear on the bike at the first official MotoGP test, which kicks off at Sepang on Tuesday, January 31st, but the official livery will not be revealed until the second Sepang test, later in February. ENEOS is not the title sponsor, but will have a prominent place on the bike, as the company is replacing former Malaysian oil company Petronas. 

Below is the official press release from Yamaha announcing the deal:

Yamaha Factory Racing Enters Partnership Contract with New Official Sponsor


Yamaha Motor Co., Ltd. has entered into contract with JX Nippon Oil & Energy Corporation (Headquarters: Tokyo, Japan). The agreement welcomes the oil and energy company as a new Official Sponsor of Yamaha Factory Racing's premier class Team competing in the MotoGP World Championship.

Yamaha Factory Racing continues in 2012 with 2010 World Champion Jorge Lorenzo (ranked 2nd in 2011), and Texan team mate Ben Spies, now starting his third season of full MotoGP competition and poised for even greater success (ranked 5th in 2011). The YZR-M1 factory machine they will compete on is newly developed with an increased 1000cc engine displacement in line with the new regulations (up from 800cc last season). The partnership with JX Nippon Oil & Energy Corporation commences on January 31st in conjunction with the first official test session of 2012 at the Sepang circuit in Malaysia. The test marks the start of the Team's campaign to reclaim the MotoGP World Championship title.

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So are they still without a title sponsor or has JX added a zero to the end of Petronas' contract?
If they're still without a title sponsor, I hope they run the white/red scheme.