Australia: All Ichthys Approvals on Track, INPEX Says

Australia: All Ichthys Approvals on Track, INPEX Says

INPEX CORPORATION (INPEX) today said all approvals, including Production Licences, for the Ichthys LNG Project, which is 76% owned by INPEX and 24% owned by Total, are on track for the Project to make a Final Investment Decision (FID) targeted by the end of the year 2011.

Offshore, INPEX intends to install a floating central processing facility (CPF) to develop the Ichthys Field. The greater part of the condensate will be transferred from the field via a subsurface pipeline to a nearby floating production; storage and offtake (FPSO) facility where it will be treated and transferred to offtake tankers for export.

Natural gas from the field will be directed through an approximately 850km long gas export pipeline from the field to the onshore facilities in Darwin for processing into LNG and liquefied petroleum gas (LPG).

The resource estimates for the Ichthys Field are 12.8 trillion cubic feet of natural gas and 527 million barrels of condensate.

The Project is expected to produce more than 8 million tonnes of LNG and 1.6 million tonnes of LPG per annum. It will also produce 100 000 barrels of condensate per day at peak.

Proposed Offshore Facilities

Semi-submersible central processing facility (CPF)

Floating production, storage and offloading (FPSO) unit

Umbilicals, risers and flowlines

Subsea pipeline 850 kilometres from the Ichthys field to Blaydin Point, Darwin

November 11, 2011

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