Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN3 April 2014

World’s Largest Semi-submersible Platform
Takes Major Step Towards Completion
The INPEX-operated Ichthys LNG Project has announced a major milestone for its Central
Processing Facility (CPF).
The first dry dock hull block erection was yesterday celebrated with a ribbon cutting ceremony inthe Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, where the CPF is being
constructed.

Ribbon Cutting Ceremony

The first CPF hull block

The ceremony was attended by INPEX president Director Australia Seiya Ito and Ichthys
Project Managing Director Louis Bon.
Speaking at the event, Mr Ito said the ceremony was significant as it recognised the introductionof the first large hull block to the SHI floating dock, where the CPF will be constructed.
“The placement of the hull block marks the culmination of huge fabrication efforts since the firststeel plates were cut in January last year,” he said.

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN“Successful delivery of the CPF is of great importance as it is the centre of the Project’s offshoredevelopment, with all future production being processed through this facility.
“’Today’s event is another major step towards the completion of this world-class facility by late2015, and a major step in the delivery of the Ichthys LNG Project – one of the world’s mostexciting and challenging developments.”
The CPF is a very large floating facility that gathers natural gas and condensate from theIchthys Field's subsea wells. Gas will undergo initial processing on the CPF, which will bepermanently moored at the field, to extract condensate and water and remove impurities inorder to make the gas suitable for transmission.
Most condensate will be transferred from the CPF to the nearby floating production, storage andoffloading facility (FPSO) for offshore processing, with the remainder sent to Darwin with thegas via the 889 kilometre gas export pipeline.
Earlier this year on 19 February, a major milestone was reached for the FPSO when the Projectcelebrated its keel laying.
With topside dimensions of 150 metres by 110 metres, the CPF will be the world’s largest
semi-submersible platform. Once complete, it will be towed around 6,000 kilometres to theIchthys Field in the Browse Basin, offshore Western Australia.
Work is underway for all major Ichthys LNG Project facilities, including the Central Processing
Facility, the FPSO, the subsea structures, flow lines and umbilicals, the Gas Export Pipeline,
and the onshore LNG processing plant in Darwin.

About INPEX
INPEX CORPORATION is a worldwide oil and gas exploration and production company
currently involved in more than 70 projects across 28 countries. INPEX is ranked in the top 100
global energy companies and is listed on the Tokyo Stock Exchange. Part of the Australianbusiness community since 1986, we are active in a number of projects in Australia and theTimor 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 andassociated 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 and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Chubu ElectricPower and Toho Gas. Gas from the Ichthys Field, in the Browse Basin offshore WesternAustralia, will undergo preliminary processing offshore to remove water and raw liquids,including condensate. The gas will then be exported to the onshore processing facilities inDarwin 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 and Construction(EPC) of the Ichthys LNG Project is ongoing and production is scheduled to commence by theend of 2016. With an expected operational life of at least 40 years, the Ichthys LNG Project
offers rare multi-generational opportunities to communities, economies, businesses, energy
markets and its workforce.

Please see further detail of the Ichthys LNG Project at the Special Website:
http://www.inpex.co.jp/english/ichthys/index.html

CPF (Image)
Major Offshore Facilities ofthe Ichthys LNG Project (Image)Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233