The Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator), major partner Total, CPC

Corporation, and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric, Chubu Electric Power and Toho Gas

Safety, collaboration and ingenuity Successfully delivering the Ichthys mega-project as one team

Louis Bon

Managing Director Ichthys LNG Project

Disclaimer

INPEX is not responsible for any loss suffered in connection with the unauthorised use of this presentation or any of the content. INPEX makes no warranties or representations about this presentation or any of its content. INPEX undertakes no obligation to publicly update or revise the disclosure of information in this presentation (including forward-looking information) after the date of this presentation. INPEX excludes, to the maximum extent permitted by law, any liability which may arise as a result of the unauthorised use of this presentation, its content or the information on it. Unless otherwise indicated, INPEX owns the copyright in the content in this presentation.

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The Ichthys LNG Project is a Joint Venture between INPEX group companies

(the Operator), major partner Total, CPC Corporation and the Australian

subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric Power, Chubu Electric

Power and Toho Gas.

The Ichthys LNG Project

The Ichthys Field

Exploration Permit WA-285-P awarded August 1998

Gas condensate discovered in 2000/2001

Located more than 800 km south-west of Darwin

Covers an area approx. 40km by 20km

Water depth about 250 m

Estimated to contain more than 12 tcf of natural gas and around 500 MM bbl condensate.

CPF FPSO

Flex Riser

GEP,889km

Ichthys Project

Flowline

RSS

FPSO EPCC

DSME(+Technip) CPF EPCC

SHI(+Mustang)

LNG Plant EPCC

JKC

(JGC/KBR/Chiyoda)

GEP EPCI

Saipem

GEP Linepipe

Europipe/NSC/Sumitomo

Coating

Bredero Shaw

URF EPCI McDermott

SPS EPFS

GE Oil & Gas

Drilling

ENSCO 5006

5 5

Drilling

Jack Bates

Wide geographic spread over many international yards

• Korea, Thailand, China, Philippines, Indonesia, Singapore, Malaysia

Numerous onshore subcontractors

Significant number of man-hours

Large multicultural workforce

Two-rig drilling campaign

Numerous pipe handling and lifting

operations for gas export pipeline

Two-year offshore campaign

Challenging environments

HSE challenges

HSE challenges

More than 30,000 people worldwide

FPSO turret insertion

Deepwater pipelay RSS tower launch

CPF progress

Project status and highlights

Jack Bates ENSCO 5006

Bladin Point site, Darwin

Project status and highlights

Project global mobility

Perth

Ichthys Field

Darwin &

Bladin Point

Offshore installation – URF

Ichthys LNG Project_Information correct as at January 2015_PUBLIC

Length of supply chain

12

Ichthys Field Management

Ichthys Field Management

(INPEX)

Aegir

Emerald Sea

Survey Vessel

NO 105

HLV GERB

NO 102

URF

ENSCO 5006

AHTS

PSV

DRILLING & DRILLING SUPPORT

FPSO

Installation Vessels

FPSO

ROV SUPPORT VESSEL

FLOTEL 2 (CPF)

FLOTEL 1

(FPSO)

OFFSHORE COMMISSIONING

CPF

Installation Vessels

Castorone

CPF GEP

Construction Support / Survey Vessel

Pipe Supply

Vessel 1

Supply Vessel

Pipe Supply Vessel 2

Jack Bates

Ichthys LNG Project_Information correct as at January 2015_PUBLIC

Ingenuity

Thank you