Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN1 December 2010Ichthys LNG Project Releases Invitations to Tenderfor Onshore Gas Processing Facilities

Invitations to Tender (ITT) for the major onshore construction packages for the Ichthys
LNG Project (INPEX Browse, Ltd. 76%, Operator, and Total E&P Australia 24%) havecommenced, President Director Australia, INPEX CORPORATION, Seiya Ito said today.
ITT packages for the gas processing facilities and associated infrastructure, planned forBlaydin Point in Darwin, Northern Territory, include:• Fabrication and construction of the gas processing units• LNG, LPG and condensate storage tanks• Product loading jetty• Civil works and site preparation• Construction workforce accommodation village• Supply of construction material and construction services• Administration buildings on Blaydin Point

Mr Ito said the onshore front-end engineering and design (FEED) contractor, the JKC
Joint Venture (JGC Corporation, KBR and Chiyoda Corporation), was undertaking thetender process for the various onshore contracts.
“This is another important milestone for the Ichthys Project as we move toward a final
investment decision in 4Q 2011,” Mr Ito said.
Mr Ito said construction of the Ichthys Project would not proceed until all environmental
and other relevant regulatory approvals from the Australian and Northern Territory
governments had been received.
“Once all the environmental and development approvals are in place and we havereached a final investment decision we will be in a good position to start construction onIchthys in early 2012.”

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANMr Ito said the construction and operation of the Ichthys Project would significantly expand
both the Australian and Northern Territory economies.
Under the Ichthys Project Australian Industry Participation Plan, all tenderers have acommitment to creating full, fair and reasonable opportunity for Australian suppliers.

The release of more than 70 major ITT packages for the onshore facilities will be
undertaken over the coming months.
Mr Ito said these packages would cascade down to second and third tier suppliers and heurged Australian companies wishing to benefit from the business opportunities associatedwith the large-scale Ichthys Project to register with the Industry Capability Network in theNorthern Territory.

The ICN communicates regularly with registered businesses toupdate on the progress of the Ichthys Project and business opportunities as they arise.
The release of the onshore ITT packages follows the announcement by INPEX in
November 2010 that it had released the ITT for the offshore Central Processing Facilityand would be releasing additional packages for the offshore facilities in the comingmonths.

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANAbout INPEX
INPEX CORPORATION is a worldwide oil and gas exploration and production company
currently involved in more than 70 projects across 26 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 LNG
Project, Van Gogh Project, Ravensworth Project, Bayu-Undan Development and Darwin
LNG.

About the Ichthys ProjectThe Ichthys LNG Project is a Joint Venture between INPEX Browse Ltd (76%, theOperator) and Total E&P Australia (24%). Gas from the Ichthys Field, in the Browse Basin
offshore of Western Australia, will undergo preliminary processing offshore to remove
water and 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 toproduce 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