Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANApril 28, 2017

INPEX-operated Ichthys LNG Project Celebrates Central Processing
Facility (CPF) Sail Away, Updates Production Schedule
TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that the Ichthys
Explorer, the INPEX-operated Ichthys LNG Project’s central processing facility (CPF), sailed
away from its construction site in Geoje, South Korea en route to the Ichthys Field offshore
Western Australia, following the completion of shipyard commissioning and preparation work.
The Ichthys Explorer will be towed to the Ichthys Field over a period of approximately one
and a half months, after which it is scheduled to undergo hook-up. The facility will thenseparate and process the produce lifted from subsea production wells into gases and liquids
over 40 years of continuous operation.

CPF (Ichthys Explorer) sail away

The Ichthys Venturer, the Project’s floating production, storage and offloading (FPSO) facility,
is also scheduled to be towed to the Ichthys Field and undergo hook-up. INPEX and its
partners will also continue to proceed with construction work on the onshore natural gas
liquefaction plant outside of Darwin in the Northern Territory of Australia.

Following the arrival of the CPF (Ichthys Explorer) and the FPSO (Ichthys Venturer),
installation and commissioning work will be undertaken and production from the wellhead willcommence. Thereafter, the Ichthys LNG Project will, during the current fiscal year (endingMarch 31, 2018), begin production of condensate, liquefied natural gas (LNG) and liquefied
petroleum gas (LPG) in sequence and then ship these products.
INPEX will continue to work toward the success of the Project with the understanding andcooperation of all its stakeholders, including its joint venture partners, the local communities,
the Australian federal government and the governments of Western Australia and the NorthernTerritory.
About INPEX
INPEX CORPORATION is Japan’s largest exploration and production (E&P) company, and a
mid-tier E&P player just behind the world’s oil majors. INPEX is currently involved inapproximately 70 projects across more than 20 countries, including the Ichthys LNG Project inAustralia as Operator. Through sustainably growing its oil and gas development business,INPEX aims to become a top class international oil and gas E&P Company and continue
providing a stable and efficient supply of energy to its customers. For more information, visit
www.inpex.co.jp/english/index.html.
About the Ichthys LNG Project
The Ichthys LNG Project is a project led by INPEX (Operator, participating interest: 62.245%)
alongside major partner TOTAL (participating interest: 30%) and the Australian subsidiaries ofCPC Corporation, Taiwan (participating interest: 2.625%), Tokyo Gas (participating interest:1.575%), Osaka Gas (participating interest: 1.2%), Kansai Electric (participating interest:1.2%), JERA (participating interest: 0.735%) and Toho Gas (participating interest: 0.42%) thatinvolves liquefying natural gas lifted from the Ichthys Gas-condensate Field offshore WesternAustralia at an onshore gas liquefaction plant constructed in Darwin, Northern Territory, andproducing and shipping approximately 8.9 million tons of LNG and approximately 1.6 million
tons of LPG per year, along with approximately 100,000 barrels of condensate per day at peak.
The Ichthys LNG Project is a large-scale LNG project by global standards, and is expected tobe operational over a period of 40 years. In 1998, INPEX acquired an exploration permit in theblock where the project is located, and following development studies including exploration,evaluation and FEED work, the company announced its final investment decision (FID) inJanuary 2012.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233