Inpex News

Completion of the transfer of the Ichthys LNG Project equity Interest (6%) to TOTAL

2013-03-01T00:00:00

INPEX CORPORATION (INPEX) is pleased to announce that INPEX and TOTAL S.A. (TOTAL) have completed the necessary procedures to transfer a 6% of the Ichthys LNG Project equity interest(*) to TOTAL group companies.

(*) The Ichthys LNG Project equity interest includes the following elements:

Participating interest in production licenses WA-50-L (Ichthys gas-condensate field) and WA-51-L
Participating interest in exploration permit WA-285-P (adjacent to WA-50-L)
Shares of Ichthys LNG Pty Ltd (a downstream company which owns the LNG facilities, liquefies natural gas and does marketing LNG and liquids)

As a result of the transfer, the Ichthys LNG Project equity interest will be as follows:

INPEX 66.070%
TOTAL 30.000%
Tokyo Gas 1.575%
Osaka Gas 1.200%
Chubu Electric 0.735%
Toho Gas 0.420%

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Ichthys LNG Project Arranging Insurance for the Facilities during Construction Period

2013-02-28T00:00:00

INPEX CORPORATION (INPEX) is pleased to announce today that the INPEX-led Ichthys LNG Project has completed insurance arrangements for project facilities related to the Ichthys LNG project during the construction period prior to the production start-up scheduled by the end of 2016.

These insurance policies provide covers against risks such as property damage and third-party liabilities for Subsea Production System (SPS), Umbilicals / Risers / Flow lines (URF), Central Processing Facility (CPF), Floating Production, Storage and Offloading (FPSO), Gas Export Pipeline (GEP), Onshore Gas Liquefaction Plant in Darwin and other facilities constructed.

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Ichthys on track as offshore facilities take shape

2013-01-25T00:00:00

The INPEX-operated Ichthys LNG Project (the Project) is on track to achieving first gas by the end of 2016 with the first steel cutting today for what will be the world’s largest semisubmersible
platform.

The 150 metre by 110 metre large central processing facility (CPF) will displace 140,000 tonnes and will have a peak gas export rate of 1,657 MMscfd, making it the largest of its kind. The semi-submersible is being built by world-leading offshore construction company Samsung Heavy Industries, with Mustang as the detailed engineering subcontractor.

This steel cutting milestone marks the first step in the fabrication process. INPEX President Director Australia Seiya Ito was at the Samsung Shipyard on Geoje Island in Korea today where the first steel plates for the CPF hull were cut.

“This is one of the most exciting parts of the Project - the first materialisation of what has been many years of hard work; it’s when the design comes to life,” Mr Ito said.

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Ichthys LNG Project Completes Project Financing Arrangements

2012-12-18T00:00:00

INPEX CORPORATION (INPEX) is pleased to announce today that the INPEX-led Ichthys LNG Project has finalized arrangements for US$20 billion in project finance* loans including those with eight export credit agencies (ECAs) and 24 commercial banks (ECAs and commercial banks are referred to as “Lenders”). The Ichthys project financing is the biggest project financing ever arranged in the international financial market.

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Ichthys LNG Project Supports NT Oil and Gas Education

2012-11-20T00:00:00

The North Australian Centre for Oil and Gas at Charles Darwin University (the Centre) in Darwin, Northern Territory, Australia has been officially opened today marking the beginning of Northern Australia’s future as a training hub for the expanding oil and gas industry.

INPEX and its Ichthys LNG Project Joint Venture participants Total, Tokyo Gas, Osaka Gas, Chubu Electric and Toho Gas contributed $3 million towards the construction of the Centre as part of a $91 million community investment package.

INPEX President Director Australia, Seiya Ito, Northern Territory Chief Minister, Terry Mills and Charles Darwin University Vice-Chancellor, Barney Glover officially open the Charles Darwin University North Australian Centre for Oil and Gas.

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INPEX SUPPORTS KIMBERLEY ROCK ART CHAIR

2012-11-14T00:00:00

INPEX CORPORATION (INPEX) has today shown its commitment to understanding and preserving Aboriginal and Torres Strait Islander cultural heritage by donating $500,000 to Kimberley Foundation Australia.

INPEX’s contribution helps enable the position of the Kimberley Foundation Ian Potter Chair in Rock Art at the University of Western Australia’s Centre for Rock Art Research and Management to be perpetually endowed.

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