*JPDA: The Timor Sea Joint Petroleum Development Area
|Contract Area||Venture Company||Interest Owned|
|* Operator (As of August 31, 2013)|
|WA-50-L||INPEX Ichthys Pty Ltd
(Est. April 5, 2011)
Tokyo Gas 1.575%
Osaka Gas 1.200%
Chubu Electric Power 0.735%
Toho Gas 0.420%
**Subject to the satisfaction of
certain conditions precedent including
the approval by the Australian government.
|WA-51-L||INPEX Browse, Ltd.
(Est. September 1, 1998)
• INPEX Australia Website
Chevron 50% *Santos 30%
INPEX acquired a participating interest in WA-285-P offshore Western Australia through an open bid in August 1998. In 2000, after conducting exploration activities as an operator, INPEX discovered the high-potential Ichthys gas-condensate field. Eight exploratory wells drilled by INPEX confirmed the presence of sufficient reserves for a large-scale LNG project. Later, in September 2008, a site in Darwin was selected for construction of an onshore LNG plant. FEED work on this plant began in January 2009, after which in April of the same year FEED work also commenced on offshore production facilities. Having made the FID on the Ichthys LNG Project in January 2012, development is now under way, with commencement of production planned by the end of 2016.
INPEX also retains interests in nine blocks surrounding the Ichthys gas-condensate field. Exploration activities are ongoing. Any discoveries of major oil or gas reserves in these blocks could considerably increase the potential of the Ichthys field benefiting from synergistic effects.