Inpex Corporation · TSE:1605
Inpex — Investor Presentation (January 2012)
20 slides from Inpex's investor presentation, Jan 24, 2012
Slide 1: Investor Briefing - Ichthys LNG Project
Investor Briefing - Ichthys LNG Project INPEX CORPORATION January 24, 2012
Slide 2: Agenda
Agenda Ichthys LNG Project and INPEX’s growth strategy Representative Director, President & CEO Toshiaki Kitamura Ichthys LNG Project Overview Director, Managing Executive Officer, Head of Ichthys Project Division Seiya Ito 1
Slide 3: Cautionary Statement
Cautionary Statement This presentation includes forward-looking information that reflects the plans and expectations of the Company. Such forward-looking information is based on the current assumptions and judgments of the Company in light of the information currently available to it, and involves k
Slide 4: Ichthys LNG Project and INPEX's growth strategy
Ichthys LNG Project and INPEX’s growth strategy Representative Director, President & CEO Toshiaki Kitamura
Slide 5: Project Highlight (1/2)
Project Highlight(1/2) January 13, 2012, Announced FID Production start target： by the end of 2016 Production rate： LNG : 8.4 million tonnes per year (equivalent to 10% or more of Japan’s current LNG annual import volume) LPG : approx. 1.6 million tonnes per year Condensate : approx. 100
Slide 6: Project Highlight (2/2)
Project Highlight(2/2) Marketing： Secured the LNG Sales and Purchase Agreements for the entire LNG production (8.4 million t/y) Government approvals： Environmental Approval, Pipeline licenses ： obtained Production Licenses： imminent CAPEX： US$34.0 billion (100% project basis) INPEX sha
Slide 7: Key features of Ichthys LNG Project
Key features of Ichthys LNG Project Ichthys gas-condensate field Low Country Risk (Australia) High production capacity : in addition to LNG, substantial LPG and Condensate Exploration blocks around the Ichthys field have high potential Project progress Major government approvals have bee
Slide 8: Ichthys LNG Project and INPEX's growth strategy
Ichthys LNG Project and INPEX’s growth strategy Significant contribution to our corporate Outlook of Net Production Volume Long-term production outlook: 800 thousand growth – 1 million boed A core project for our medium- to long-term New projects corporate growth (Sustainable growth of E&P activ
Slide 9: Ichthys LNG Project Overview
Ichthys LNG Project Overview Director, Managing Executive Officer, Head of Ichthys Project Division Seiya Ito
Slide 10: Ichthys LNG Project location
Ichthys LNG Project location JPDA03-13 Gas GasField and Condensate Field Darwin City WA-343-P WA-274-P INPEX 60% WA-341-P A SANTOS 30% TOTAL 40% CHEVRON 50% INPEX 60% INPEX 20% TOTAL 40% WA-410-P SANTOS 30% CHEVRON 50% INPEX 20% WA-344-P INPEX 60% TOTAL 40% WA-411-P Northern Territory SANTOS 63.6299
Slide 11: Reserves & Production
Reserves & Production Reserves : Brewster 40-year project life LNG production of 8.4 MM t/y for approx. 20 years (then gradually decline) Plover Substantial LPG and Condensate production More than half of probable reserves are expected to be booked as proved reserves at the reserves evalua
Slide 12: Overall Development Image
Overall Development Image Central Processing Facility LNG, LPG, Condensate Floating Production, (CPF) Storage and Offloading Condensate (FPSO) Darwin Onshore LNG Plant Offtake Tanker Flexible Riser Upstream Downstream Gas Export Pipeline Flowline Subsea Production System 11
Slide 13: CAPEX & Economics
CAPEX & Economics Development Cost (CAPEX) US$34.0 billion : INPEX share (72.805%*) for ■ Estimated yearly investment (Image) US$24.7 billion Estimated yearly investment (see graph) Lump sum contracts account for the majority of overall EPC contracts *Out of the current INPEX's share (76%) t
Slide 14: Schedule
Schedule 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 FID Production start-up Pipeline Approvals Received Pipeline Licenses (May 2011) Environmental Approval Received Environmental approval (May, June,2011) Production Licenses Production Licenses Offer (Nov.2011) Commencement of Offshore facili
Slide 15: Marketing
Marketing Secured LNG Sales and Purchase Agreements (SPAs) for all the expected production of LNG (8.4 MMt/y) Under the relevant SPAs, Ichthys LNG Pty Ltd will deliver LNG to the buyers for 15 years period commencing in 2017 With approximately 70% of the LNG to be delivered to Japan LPG and
Slide 16: EPC Contractors
EPC Contractors Upstream Central Processing Facility (CPF)： Samsung Heavy Industries Subsea Production System (SPS)： GE Oil & Gas Umbilical, Riser and Flowline (URF)： McDermott Downstream Onshore LNG Plant : JGC Corporation, Chiyoda Corporation and KBR Gas Export Pipeline(GEP)： Saipem
Slide 17: Environment & Local community
Environment & Local community Environmental responses Environment and Safety is the paramount value. Safety is our top priority Environmental Approval granted by the Australian and Northern Territory Governments in May/June 2011 after submission of Environmental Impact Statement (EIS) and thro
Slide 18: Project Scheme
Project Scheme Holding Company in Australia INPEX Holdings Australia Pty Ltd 100% owned 100% owned 76% owned INPEX Operations Australia Pty Ltd INPEX Ichthys Pty Ltd Ichthys LNG Pty Ltd (project operation and management company) (upstream equity owner company) (natural gas liquefying and LNG marketi
Slide 19: Major EPC work locations
Major EPC work locations 9 5 1 2,3 5 6 8 11 10 4,7 1: CPF Engineering 2: CPF Hull Construction 3: CPF Topside construction 4: GEP Engineering 5: GEP Manufacturing 6: GEP Coating 7: URF Engineering 8: URF Manufacturing 9: SPS Engineering/ Manufacturing 10: Onshore LNG plant 11: Ichthys field 18
Slide 20: INPEX CORPORATION Investor Relations Group
INPEX CORPORATION Investor Relations Group Corporate Communications Unit Corporate Strategy & Planning Division 19