Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN1 November 2010Ichthys LNG Project Releases Invitation to Tenderfor Semi-Submersible Central Processing Facility

The Ichthys Project (INPEX Browse, Ltd. 76%, Operator, and Total E&P Australia 24%)
today released the Invitation to Tender (ITT) for the semi-submersible Central Processing
Facility (CPF) to be located at the Ichthys Gas Field (WA-37-R) in the Timor Sea,
approximately 200 kilometres off the northwest coast of Australia.
President Director Australia, INPEX CORPORATION, Seiya Ito said the release of the ITT
for the CPF’s engineering, procurement and construction (EPC) contract was a significant
step toward the delivery of the world-class Ichthys LNG project.
“The issue of the invitations to tender is the culmination of many months of hard work by
the project team for what is an exciting, complex and challenging endeavour,” Mr Ito said.
“Today, INPEX and Total have confirmed the real potential of Ichthys to significantly build
the capacity of the Australian LNG industry to play a role in global energy security.”.
ITTs for additional packages will be issued before the end of the year, including for the:• Floating Production Storage and Offloading (FPSO) vessel• Umbilical, risers and flowlines (URF)• Gas export pipeline (GEP)• Subsea production system (SPS)The GEP will transport the gas from the field to Darwin, Northern Territory, where theonshore liquefied natural gas (LNG) plant is to be located. Details of the packages for theonshore gas processing facilities in Darwin will be issued subsequently.
Mr Ito said no one is underestimating the challenges of developing a project of the sizeand scope of Ichthys.

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN“Nor should we underestimate the opportunities the project holds for the Northern Territory
and Australian economies as we develop a resource of more than 12 trillion cubic feet ofgas and more than 500 million barrels of high-value condensate.”
Mr Ito said INPEX’s portfolio of investments meant its share of production in Australia
made it the country’s fifth largest oil and gas producer and that Ichthys would establish thecompany as one of the leading petroleum producers in the nation.
“The release of the ITTs demonstrates our commitment to delivering our flagship Ichthys
Project and to the long-term growth of the Company, and confirms we are moving forward
toward a final investment decision (FID), as scheduled for Q4 2011.”
The CPF will be one of the largest semi-submersible platforms in the world. Its mainfunction is to gather the gas from the various subsea production wells and undertake
preliminary processing of the gas to remove water and extract high-value condensate, anatural gas liquid hydrocarbon present in the gas stream. The supporting FPSO will havea condensate storage capacity of 1.14 million barrels.
Mr Ito said a significant number of the world’s leading engineering and construction
companies had prequalified for the ITTs.
Under the Ichthys Project’s Australian Industry Participation Plan (AIP), bidding
companies have a commitment to creating full, fair and reasonable opportunity forAustralian suppliers.
This AIP commitment provides opportunities for Australian fabrication yards, equipment
suppliers and manufacturers to bid for work from the Project’s sub-packages in what will
be a truly global supply chain.

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 50 global petroleum companies and is listed on the Tokyo Stock Exchange. INPEX
has been a part of the Australian business community since 1986 and is involved in a
number of projects in Australia and the Timor Sea, including the large-scale Ichthys
Project, Van Gogh Project, Ravensworth Project, Bayu-Undan Development and Darwin
LNG.
About the Ichthys Project
The Ichthys Project is a Joint Venture between INPEX Browse Ltd (76%, the Operator)
and Total E&P Australia (24%). Gas from the Ichthys Field, in the Browse Basin offshoreof Western Australia, will undergo preliminary processing offshore to remove water andand extract condensate. The gas will then be exported to the onshore processing facilities
in Darwin via an 885km subsea pipeline. The Ichthys Project is expected to produce 8.4
million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with 100,000
barrels of condensate per day at peak.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233