Agenda Ichthys LNG Project and INPEXs growth strategy Representative Director, President & CEO Toshiaki Kitamura Ichthys LNG Project Overview Director, Managing Executive Officer, Head of Ichthys Project Division Seiya Ito 1
Ichthys LNG Project and INPEXs growth strategy Representative Director, President & CEO Toshiaki Kitamura
Project Highlight(1/2) January 13, 2012, Announced FID Production start target by the end of 2016 Production rate LNG : 8.4 million tonnes per year (equivalent to 10% or more of Japans current LNG annual import volume) LPG :…
Project Highlight(2/2) Marketing Secured the LNG Sales and Purchase Agreements for the entire LNG production (8.4 million t/y) Government approvals Environmental Approval, Pipeline licenses obtained Production Licenses imminent…
Key features of Ichthys LNG Project Ichthys gas-condensate field Low Country Risk (Australia) High production capacity : in addition to LNG, substantial LPG and Condensate Exploration blocks around the Ichthys field have high…
Ichthys LNG Project and INPEXs growth strategy Significant contribution to our corporate Outlook of Net Production Volume Long-term production outlook: 800 thousand growth 1 million boed A core project for our medium- to long-term…
Ichthys LNG Project Overview Director, Managing Executive Officer, Head of Ichthys Project Division Seiya Ito
Ichthys LNG Project location JPDA03-13 Gas GasField and Condensate Field Darwin City WA-343-P WA-274-P INPEX 60% WA-341-P A SANTOS 30% TOTAL 40% CHEVRON 50% INPEX 60% INPEX 20% TOTAL 40% WA-410-P SANTOS 30% CHEVRON…
Reserves & Production Reserves : Brewster 40-year project life LNG production of 8.4 MM t/y for approx. 20 years (then gradually decline) Plover Substantial LPG and Condensate production More than half of probable reserves are…
Overall Development Image Central Processing Facility LNG, LPG, Condensate Floating Production, (CPF) Storage and Offloading Condensate (FPSO) Darwin Onshore LNG Plant Offtake Tanker Flexible Riser Upstream Downstream Gas…
CAPEX & Economics Development Cost (CAPEX) US34.0 billion : INPEX share (72.805%*) for Estimated yearly investment (Image) US24.7 billion Estimated yearly investment (see graph) Lump sum contracts account for the majority of…
Schedule 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 FID Production start-up Pipeline Approvals Received Pipeline Licenses (May 2011) Environmental Approval Received Environmental approval (May, June,2011) Production…
Marketing Secured LNG Sales and Purchase Agreements (SPAs) for all the expected production of LNG (8.4 MMt/y) Under the relevant SPAs, Ichthys LNG Pty Ltd will deliver LNG to the buyers for 15 years period commencing in 2017 With…
EPC Contractors Upstream Central Processing Facility (CPF) Samsung Heavy Industries Subsea Production System (SPS) GE Oil & Gas Umbilical, Riser and Flowline (URF) McDermott Downstream Onshore LNG Plant : JGC Corporation,…
Environment & Local community Environmental responses Environment and Safety is the paramount value. Safety is our top priority Environmental Approval granted by the Australian and Northern Territory Governments in May/June 2011…
Project Scheme Holding Company in Australia INPEX Holdings Australia Pty Ltd 100% owned 100% owned 76% owned INPEX Operations Australia Pty Ltd INPEX Ichthys Pty Ltd Ichthys LNG Pty Ltd (project operation and management…
Major EPC work locations 9 5 1 2,3 5 6 8 11 10 4,7 1: CPF Engineering 2: CPF Hull Construction 3: CPF Topside construction 4: GEP Engineering 5: GEP Manufacturing 6: GEP Coating 7: URF Engineering 8: URF Manufacturing…
INPEX CORPORATION Investor Relations Group Corporate Communications Unit Corporate Strategy & Planning Division 19