Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN19 June 2013

Construction Begins on Last Major Offshore Facility (FPSO) for Ichthys

The INPEX-operated Ichthys LNG Project (the Project) cut first steel yesterday for the hull of
its Floating Production, Storage and Offloading (FPSO) facility in Okpo, Korea.

Steel Cutting Ceremony

With fabrication of the hull underway, work on all of the Project’s major offshore facilities hascommenced.
The FPSO is being built by Daewoo Shipbuilding & Marine Engineering (DSME). The vessel
will be used for condensate dewatering, stabilisation, storage and export.
Speaking at today’s ceremony at the DSME shipyard, INPEX Ichthys LNG Project DirectorOffshore Claude Cahuzac said the steel cutting marked a major milestone.
“Starting fabrication on the FPSO hull means that work is now underway on all major offshore
facilities – this includes the Central Processing Facility, subsea structures and the Gas Export
Pipeline,” Mr Cahuzac said.

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN“It marks the culmination of years of engineering work and close collaboration with ourcontractors.”“It is fantastic to celebrate this milestone, on schedule, as we work towards delivering first gas
by the end of 2016.”
The FPSO will be permanently moored for the life of the Project to the seabed in the Browse
Basin, offshore Western Australia.
Condensate will be offloaded periodically to crude oil tankers and shipped directly to market.

Major Offshore Facilities ofFPSO (Image)

the Ichthys LNG Project (Image)

About INPEX
INPEX CORPORATION is a worldwide oil and gas exploration and production company
currently involved in more than 70 projects across 29 countries. INPEX is ranked in the top
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 in Australia
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.

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

About the Ichthys LNG ProjectThe Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator),major partner TOTAL group companies and the Australian subsidiaries of Tokyo Gas, OsakaGas, 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 andraw liquids, including condensate. The gas will then be exported to the onshore processing
facilities in Darwin via an 889km pipeline. The Ichthys 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 andConstruction (EPC) of the Ichthys LNG Project is ongoing and production is scheduled tocommence by the end of 2016.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233