Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN25 January 2013Ichthys on Track as Offshore Facilities Take ShapeThe 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 by Samsung Heavy Industries for what
will be the world’s largest semi-submersible platform.

Ribbon Cutting at CPF Steel Cutting Ceremony(right) Seiya Ito, INPEX President Director Australia(left) C. H. Park, Executive Vice President, (Samsung
Heavy Industry Shipyard General Manager)

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 Industry, 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 on Geoje Island in Korea today where the firststeel plates for the 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.

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN“The hull size is nearly at the limit of what the biggest shipyards can build in their dry
docks today. It will be moored by 28 mooring lines, representing more than 25,000 tonnesof anchor chain.
“Vicinay in Bilbao, Spain will supply the anchor chains for the mooring lines, together
with an additional 15,000 tonnes of anchor chain for the Project’s floating production
storage offloading (FPSO) vessel. The total represents more than the yearly worldwide
production of large-scale anchor chains.”
Earlier this week on Tuesday 22 January another milestone was reached in Singapore,with the cutting of first steel for the turret of the FPSO vessel. The turret is the mooring
point for the FPSO and the means by which it is able to weathervane in response toprevailing weather conditions. The FPSO will be capable of storing approximately 1.2
million barrels of condensate.

FPSO Turret Steel Cutting Ceremony

Mr Ito said both the CPF and FPSO will be world-class facilities.
“This has been a momentous week for the Ichthys LNG Project as it takes its first big
step towards reaching its goal of watching the facilities sail from Geoje to Australia in late2015,” Mr Ito said.
“We are thrilled to be on schedule to deliver first gas by the end of 2016.”

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

About INPEX
INPEX CORPORATION is a worldwide oil and gas exploration and production company
currently involved in more than 70 projects across 27 countries. INPEX is ranked in thetop 100 global energy companies and is listed on the Tokyo Stock Exchange. Part of theAustralian business community since 1986, we are active in a number of projects inAustralia and the Timor Sea, including the large-scale Ichthys LNG Project, Prelude FLNG
project, Van Gogh, Ravensworth and Kitan oil projects, as well as the Bayu-Undan
condensate development and associated Darwin LNG.
About the Ichthys LNG Project
The Ichthys LNG Project is a Joint Venture between INPEX group companies (theOperator), major partner TOTAL group companies and the Australian subsidiaries ofTokyo Gas, Osaka Gas, Chubu Electric Power and Toho Gas. Gas from the Ichthys Field,in the Browse Basin offshore Western Australia, will undergo preliminary processing
offshore to remove water and raw liquids, including condensate. The gas will then be
exported to the onshore processing facilities in Darwin via an 889km subsea pipeline. TheIchthys LNG Project is expected to produce 8.4 million tonnes of LNG and 1.6 million
tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per
day at peak.

Detailed Engineering, Procurement and Construction (EPC) of the Ichthys

LNG Project is ongoing and production is scheduled to commence by the end of 2016.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233

Major Offshore Facilities of the Ichthys LNG Project (Image)Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANCentral Processing Facility (Image)Anchor Chain of Central Processing Facility (Image)