Inpex Corporation · TSE:1605
Inpex — Investor Presentation (May 2010)
21 slides from Inpex's investor presentation, May 14, 2010
Slide 1: Two LNG Projects - Ichthys and Abadi
Two LNG Projects j ‐ Ichthys y and Abadi Ichthys LNG NG Project roject
Slide 2: Ichthys Project Location
Ichthys Project Location Abadi WA‐285‐P Ichthys Field WA‐285‐P/WA‐37‐R Ichthys Field & Adjacent Area 3 Extent of Ichthys Field 4
Slide 3: Brief Summary of Permit; Exploration History
Brief Summary of Permit Permit Holders: INPEX Browse, Ltd. (76%) TOTAL E&P Australia (24%) Exploration Term : Initial grant for WA‐285P in 1998. Renewal for 3rd term in progress. Retention Lease (WA‐37R): 5 years from Sep. 21, 2009. Currently working towards obtaining Production License for WA
Slide 4: Outline for Development Concept
Outline for Development Concept LNG Production: approx. 8.4 million ton per year Condensate Production: approx. 100,000 barrel per day(Peak Rate) LPG Production: approx. 1.6 million ton per year Subsea S b Production P d ti Wells: W ll 30 wells ll att B Brewster, t 20 wells ll att Pl Plover
Slide 5: Offshore Facility Layout; Subsea Well and Infield Flowlines
Offshore Facility Layout 9 Subsea Well and Infield Flowlines 10
Slide 6: CPF/FPSO; Gas Export Pipeline
CPF/FPSO 11 Gas Export Pipeline Specification – Size and Thickness : 42”x33.5 mm – Length : approx. 885 km – Allowable Pressure : 200 Bara – Material : X65 – Total Weight : approx. 800,000 ton – Water Depth at Route : approx. 250m ‐ 0m Image 12
Slide 7: LNG Plant Site Location
LNG Plant Site Location Decided Onshore LNG Plant Site at Darwin – Announcement was issued at Darwin date on 26th Sep. 2008 – Messrs. Martin Ferguson, Australian Resources Minister and Paul Henderson Chief Minister NT attended 13 LNG Plant Site Location 14
Slide 8: LNG Plant Layout; Module Offloading Facility
LNG Plant Layout 15 Module Offloading Facility Image 16
Slide 9: GHG (Greenhouse Gas) Management
GHG (Greenhouse Gas) Management (1) Situation in Australia ‐ Carbon Capture and Storage (CCS) Law (Offshore Petroleum Amendment (Greenhouse Gas Storage)) became effective in Nov. 2008 ‐ CCS acreages released in Mar Mar. 2009 ‐ Carbon Pollution Reduction Scheme (CPRS: emissions trading scheme) bill
Slide 10: Contribution to Local Community; Development Schedule
Contribution to Local Community 19 Development Schedule Submission of FID First Application of additional LNG Environmental information Approval Government Approvals Public Comments To obtain Environmental Approval Application of Production To obtain Production Licence Licence FEED Detailed Engineer
Slide 11: Project Organization Chart; Exploration & Production Cost Trend
Project Organization Chart 24% 76% TOTAL E&P Australia WA-285-P INPEX Browse, Ltd. Joint Venture (Operator) Tokyo Head Office Ichthys Project Committee Managing Director Perth Head of Project Senior Project Director Offshore Onshore Project Corporate Commercial Senior Advisor Coordination Coordinati
Slide 12: Exploration & Production Cost Trend (Detail)
Exploration & Production Cost Trend （Detail） Facilities, Engineering and Labor Wages Oil & Gas Production Facilities : Dropped approx. 15% in 2009 compared with 2008. However, an increase is expected by approx. 11% in 2010. Engineering g g Fee : Remained at the same level as 2008. Labor Wage
Slide 13: LNG Market; Condensate Market
LNG Market Market： – Asia,North America,Europe Buyers： In Asian region, Electric/Power companies and City Gas companies i Ja in Japan, a South Korea, Ko ea China, Chi a Taiwan, Tai a Singapore, Si a o e Thailand, Thaila d Indonesia I do e ia etc. et Price： – Asian LNG Prices are generally link
Slide 14: LPG Market; Taxation Scheme in Australia
LPG Market Market – U.S. is the largest LPG consumer in the world, while in Asia‐Pacific, China, India and Japan are the main consumers in the order of consumption. – Japan is the world largest LPG importer importing about 12 million ton per year. It accounts for approximately 80% of total consump
Slide 15: Abadi LNG Project
Ichthys Project History 29 Abadi LNG NG Project roject
Slide 16: Masela PSC Block; Abadi Gas Field (1)
Masela PSC Block 31 Abadi Gas Field (1) Abadi Gas/Condensate Field - Water Depth: 400 ‐ 800m - Reservoir Depth: 3,700 ‐ 3,900m - Areal closure: more than 1,000km2 Discovered gas and condensate in Abadi‐1 exploration well in 2000 Drilled 6 additional appraisal wells, and confirmed the extension
Slide 17: Abadi Gas Field (2); Production Sharing Contract
Abadi Gas Field (2) 33 Production Sharing Contract Contractor: INPEX Masela, Ltd. (90%)* Effective Date: Nov. 16, 1998 Contract Period: 30 years Exploration Period: 10 years (proceed to Development and Production Period in case of commercial discovery) Contract Area : 3,221.3km2 (already p
Slide 18: Plan of Development; Floating LNG
Plan of Development In Sep. 2008, INPEX submitted the Plan of Development (POD) of the Abadi gas field, and the Indonesian Government (BPMigas) approved the POD. Development Concept as approved in the POD** ‐ Floating LNG ‐ Initial development focusing on the North block ‐ LNG production of 4.5M
Slide 19: FLNG Layout; Development Schedule
FLNG Layout Flare Living Utility Process Stack Quarter Area Area Turret Stern Bow Condensate Offloading LNG Loading Arm Hose Reel 37 Development Schedule Final Investment Decision（FID） First LNG Public Announcement Local hearing Government Environmental & Environmental Social Impact Permit Approval
Slide 20: Organization of Project Implementation; Abadi Project History
Organization of Project Implementation President Director Indonesia Masela Assets Asset Director Director Internal Strategic HSE Auditor Planning Gas & Pre- Legal & Petroleum Project Subsurface Facility GA & HR Finance Crude Oil Exploration Drilling Production Insurance Engineering Service Developme
Slide 21: Current Status of FLNG undertaken by other Companies
Current Status of FLNG undertaken by other Companies Shell: LNG-FPSO (3.5 MMTPA) – Signed a master agreement with Technip/Samsung consortium for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years in July 2009