Here in Australia, We're Harnessing the Most Powerful Energy in the World

HERE IN AUSTRALIA, WE’RE HARNESSING THE MOST POWERFUL ENERGY IN THE WORLD INPEX IN AUSTRALIA

Present in Australia since 1986, INPEX Australia is active in the Timor Sea and the Carnarvon, Browse and Bonaparte Basins. We are also committed to pursuing opportunities to further develop our presence in Australia. INPEX Australia’s portfolio includes the flagship Ichthys LNG Project and participating interests in the Bayu-Undan/Darwin LNG, Prelude FLNG and Van Gogh Projects and the development of the Ravensworth, Coniston and Kitan oil fields. These projects represent investments of billions of dollars and comprise joint ventures forging dynamic and exciting alliances.

The INPEX-operated Ichthys LNG Project has helped bring a new sense of vibrancy to Darwin, in the Northern Territory, where the onshore component of the development is located.

“That incredible feeling of creating what’s never gone before is at the very heart of INPEX – we call it Will Power.”

Seiya Ito President Director, INPEX Australia Ichthys LNG Project

STRATEGIC PARTNERSHIPS INPEX Australia discovered the giant Ichthys gas and condensate field in the Browse Basin in 2000. Located about 220 kilometres off the northern coast At INPEX, we value our strategic joint venture of Western Australia, Ichthys represents the largest partnerships. discovery of hydrocarbon liquids in Australia in more than four decades. These partnerships are with some of the largest and most respected energy companies in the The Ichthys LNG Project is considered by INPEX as world. Together, we are building the skills and “the jewel in the crown”. It is currently in construction assets our industry requires for the future. and ranked amongst the most significant oil and gas projects in the world. The Project is a joint venture between INPEX (operator), major partner Total, CPC Corporation Taiwan and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas.

A Final Investment Decision for the Project was reached in 2012. The Project is expected to produce up to approximately 8.9 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with more than 100,000 barrels of condensate per day at peak.

The Project is ingenuity at its best. Effectively, it is three mega projects in one. It incorporates some of the world’s biggest and most advanced offshore facilities off the Western Australian coast, massive onshore processing facilities near Darwin in the Northern Territory, and an 890 kilometre pipeline to unite them. It is one of the few — if not only — mega projects worldwide that incorporates the whole chain of development and production components: subsea, offshore, pipeline and onshore. The Project has an expected operational life of at least 40 years — creating multi-generational employment, contracting and investment opportunities across Australia. Prelude FLNG Bayu-Undan / Darwin LNG Coniston

INPEX holds a 17.5 per cent interest INPEX holds a 11.37812 per cent INPEX holds a 47.499 per in the Shell-operated project. interest in the ConocoPhillips- cent interest in the Quadrant operated project. Energy-operated project. The Prelude Floating Liquefied Natural Gas (FLNG) Project is located Bayu-Undan is an offshore gas Coniston is one of two projects approximately 475 kilometres and condensate field in the Joint in which INPEX is associated North-North East of Broome, Petroleum Development Area of the with Quadrant Energy — the in Western Australia. Timor Sea, about 240 kilometres south other is the Van Gogh Project. of the Timor-Leste capital of Dili. The facility is anticipated to stay The Coniston Project is a moored at location for 25 years, and Gas travels through a 502 kilometre relatively new subsea oil field is expected to produce 3.6 million pipeline from the Bayu-Undan Field development, located offshore tonnes per annum (mtpa) of LNG, to Darwin in the Northern Territory, Exmouth, in Western Australia. 1.3 mtpa of condensate and 0.4 mtpa where it is converted to LNG and Development of the Coniston of LPG for export. shipped to international markets. Oil Field started in late 2011 It will be Shell’s first deployment of its The plant has an annual LNG and first oil production was in FLNG technology which allows for production capacity of about May 2015. the production, liquefaction, storage 3.7 million tonnes per annum. and transfer of LNG at sea, and the Since 2006, an average of one cargo ability to process and export LPG per week has been safely shipped and condensate. to customers.

Kitan Ravensworth Van Gogh

INPEX holds a 35 per cent interest INPEX holds a 28.5 per cent INPEX holds a 47.499 per in the Eni-operated project. interest in the BHP Billiton- cent interest in the Quadrant operated project. Energy-operated project. Kitan is an oil field in the Joint Petroleum Development Area of The Ravensworth Project is located The Van Gogh oil field is located the Timor Sea. about 45 kilometres off the coast 53 kilometres north-west off of Exmouth, in Western Australia. the coast of Exmouth, in Production from Kitan started in Western Australia. October 2011. The Project has Crude oil production from the achieved between 35,000 and Ravensworth field started in 2010, 40,000 barrels per day during peak and currently is at 10,000 barrels production. of oil per day. INPEX CORPORATION

INPEX CORPORATION is a worldwide oil and gas INPEX has been a quiet achiever in Australia for exporter and producer, headquartered in Japan. 30 years. However, our multi-billion dollar Ichthys Our strategic investments in Australia are vital, LNG Project in Australia is now turning heads. making up a key part of our global footprint. It is being acknowledged for the important role We pride ourselves on being a relationship- it will play in providing future energy security driven organisation. This is closely tied to the for Japan and the multitude of community, shared Japanese and Australian cultural desire social and economic benefits it will deliver to cultivate and protect relationships. for generations in Australia. INPEX’s workforce in Australia is made up of many At INPEX we pride ourselves on working hard, diverse nationalities and cultures. The melding of our communicating openly and being determined work and business practices has created a unique in everything we do — particularly when it culture that prides itself on organisational excellence, comes to safety, which is captured by our value determination, innovation and a proactive 安全第一 Anzen Dai Ichi — Safety Number One. ‘can-do’ attitude. As well as our commitment to safety, which Will Power — the determination and courage to make underpins all we do — the way we work is also things happen, no matter how difficult it may seem — dictated by our other core values, focused on is at the very heart of everything we do at INPEX. integrity, diversity, ingenuity and collaboration.

WILL POWER COMMITTED TO LOCAL COMMUNITIES

Since the green light was given for the INPEX-operated Ichthys LNG Project, more than A$ 1.5 million has been invested in local communities where we operate, such as Darwin, across a range of initiatives such as sponsorship of the Palmerston Girls Academy.

At INPEX, we are proud of our record of harmonious Identifying and providing opportunities for locals — work in the communities in which we operate including Aboriginal and Torres Strait Islander and for achieving commercial success while peoples and businesses — is also part of this maintaining our commitment to corporate commitment. social responsibility. At INPEX, we know that who we are, how we In Australia, we are committed to both the Northern work and what we believe in are driving forces in Territory and indeed the wider nation through a range our everyday working lives and, ultimately, in the of community support programs and sponsorships. success of our company.

INPEX CORPORATION is a globally focused company with over 70 projects across more than 20 countries.

Our vision is to double production and more in the next 10 years. It is an ambitious plan but we believe we have the Will Power to do it. • Exploration and production operations

INPEX T: +61 8 6213 6000 Level 22, 100 St Georges Terrace F: +61 8 6213 6455 Perth, Western Australia 6000 E: [email protected] W: INPEX.com.au