Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANJuly 19, 2017

INPEX-operated Ichthys LNG Project Celebrates
Floating Production Storage and Offloading (FPSO) Facility Sail Away
TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that theINPEX-operated Ichthys LNG Project’s Floating Production Storage and Offloading (FPSO)
facility—Ichthys Venturer—sailed away on July 18 from waters near its construction site inOkpo, South Korea en route to the Ichthys Gas-condensate Field offshore Western Australia,
following the completion of shipyard commissioning and preparation work.
INPEX is currently leading the development of the Ichthys LNG Project as Operator in theCommonwealth of Australia alongside its project partners.

FPSO (Ichthys Venturer) sail away

The FPSO will be towed to the Ichthys Gas-condensate Field approximately 5,600 kilometers
distant from Okpo, South Korea over a period of approximately one month, after which it isscheduled to undergo hook-up.

The facility, which is 336 meters long and 59 meters wide, will undertake the role oftemporarily storing condensate separated and produced by the Central Processing Facility(CPF) (Ichthys Explorer) located offshore approximately 3.5 kilometers away and offloading
the condensate to buyers’ tankers, and is a key facility of this project that is expected to be
operational for 40 years.
The CPF arrived at the Ichthys Gas-condensate Field on May 29 of this year following a34-day towing operation, and having completed mooring, is currently undergoing hook-up
and commissioning work.
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 theNorthern Territory.

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 of
CPC 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 1.65 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. Going forward, installation and commissioning work on the offshore facilities
will be undertaken and production from the wellhead will commence. Thereafter, the Ichthys
LNG Project will, during the current fiscal year (ending March 31, 2018), begin production ofcondensate, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in sequence andthen ship these products.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233