Australia & Timor-Leste

The Ichthys LNG Project and Surrounding Blocks

Contract area (block) Project status Venture company (established) Interest owned (*Operator)
WA-50-L In production INPEX Ichthys Pty Ltd
(April 5, 2011)
INPEX Ichthys Pty* 66.245% TOTAL 26.000% CPC 2.625%
Tokyo Gas 1.575% Osaka Gas 1.200%
Kansai Electric Power 1.200% JERA 0.735% Toho Gas 0.420%
WA-84-R Under exploration
(blocks under appraisal on the discovery of gas and condensate)
INPEX Browse E&P Pty Ltd
(October 21, 2013)
INPEX Browse E&P Pty 40% Santos* 60%
WA-56-R INPEX Browse E&P Pty* 60% TOTAL 40%
WA-80-R INPEX Browse E&P Pty 20.0000% Santos* 47.8306%
Chevron 24.8300% Beach 7.3394%
WA-281-P INPEX Browse E&P Pty 29.5% Santos* 70.5%
WA-57-R INPEX Browse E&P Pty 20% Santos* 30% Chevron 50%
WA-274-P Under exploration
WA-285-P INPEX Browse E&P Pty* 62.245% TOTAL 30.000% CPC 2.625%
Tokyo Gas 1.575% Osaka Gas 1.200%
Kansai Electric Power 1.200% JERA 0.735%
Toho Gas 0.420%
WA-494-P INPEX Browse E&P Pty* 100%
WA-343-P INPEX Browse E&P Pty* 60%
AC/P36 INPEX Browse E&P Pty* 50%
Murphy 50%
AC/P66 INPEX Oil & Gas Australia Pty Ltd* 100%
EP(A)318 INPEX Oil & Gas Australia Pty Ltd
(February 28, 2012)

(As of March 31, 2020)

Ichthys LNG Project

In 1998, INPEX acquired an exploration permit in the block where the Ichthys Gas-Condensate Field is now located, and following development studies including exploration, evaluation and FEED work, INPEX announced its FID in January 2012. Following the completion and commissioning of production facilities, INPEX commenced production in July 2018 and later began shipping condensate, LNG and liquefied petroleum gas (LPG).

Production ramp up has progressed very smoothly, and in 2019, 104 LNG cargoes were shipped from the project’s onshore gas liquefaction plant in Darwin. In 2020, shipments of approximately 10 LNG cargoes per month are expected given stable (plateau) production conditions.

Surrounding Blocks

INPEX holds interests in 20 exploration blocks in the vicinity of the Ichthys Gas-Condensate Field and has engaged in exploration activities that have led to the discovery of gas in at least 11 of these blocks. Evaluation work is now being performed on these discoveries. In the event that substantial amounts of hydrocarbons are confirmed as a result of these exploration and evaluation activities, INPEX expects to expand its business by leveraging the synergies of integration with the Ichthys LNG Project.

Onshore LNG plant
CPF Ichthys Explorer

Prelude FLNG Project (WA-44-L)

Contract area (block) Project status Venture company (established) Interest owned (*Operator)
WA-44-L In production INPEX Oil & Gas Australia Pty. Ltd.
(February 28, 2012)
INPEX Oil & Gas Australia 17.5%,
Shell* 67.5%,
KOGAS 10.0%,
OPIC 5.0%

(As of March 31, 2020)

Prelude FLNG Project

INPEX in June 2012 acquired from Shell a 17.5% interest in the Prelude FLNG Project, which is located in WA-44-L, approximately 475 km north-northeast of Broome, off the coast of Western Australia. A production, liquefaction and shipment using FLNG, the Prelude FLNG Project consists of the Prelude and Concerto gas fields and will produce approximately 3.6 million tons per year of LNG, 400 thousand tons per year of LPG at peak and approximately 36,000bbl of condensate per day at peak.

Shell (the operator) made the FID on the Prelude FLNG Project in May 2011.

The FLNG sailed away from its construction site in Geoje, South Korea, in June 2017 and arrived in Australian waters in July 2017. After mooring work and commissioning, the initial phase of production commenced in December 2018. The FLNG facility shipped the project's first condensate cargo in March 2019, and first LNG cargo in June 2019.

FLNG facility

Van Gogh Oil Field, Ravensworth Oil Field and Others

Contract area (block) Project status
(production on the basis of all fields and average rate of fiscal year ended December 31, 2019)
Venture company
Interest owned
(Van Gogh Oil Field)
In production
(Crude oil: 7 Mbbld)
INPEX Alpha, Ltd.
(February 17, 1989)
INPEX Alpha 47.499%
Santos* 52.501%
WA-35-L & WA-55-L
Unitization area
INPEX Alpha 47.499%
Santos* 52.501%
(Ravensworth Oil Field)
In production
(Crude oil: 4 Mbbld)
INPEX Alpha 28.500%
BHPBP* 39.999%
Santos 31.501%

(As of March 31, 2020)

INPEX acquired interests in offshore Western Australia WA-155-P (Part I) in July 1999, after which the Van Gogh and Ravensworth oil fields were discovered. The Australian Government granted production licenses for the above oil fields as the WA-35-L and WA-43-L blocks, at which oil production commenced in February and August of 2010, respectively. The development of the Coniston Oil Field, which saddles WA-35-L and WA-55-L, was started in December 2011, and crude oil production commenced in May 2015.

Van Gogh FPSO vessel

Bayu-Undan Project (PSC-TL-SO-T 19-12 (former JPDA03-12))

Contract area(block) Project status
(production on the basis of all fields and average rate of fiscal year ended December 31, 2019)
Venture company
Interest owned
PSC-TL-SO-T 19-12 In production
-Crude oil: 16 Mbbld
-Natural gas: 412 MMcf/d
-LPG: 9 Mbbld
INPEX Sahul, Ltd.
(March 30, 1993)
INPEX Sahul 19.2458049%
ConocoPhillips* 61.3114766%
Santos 19.4427185%
Bayu-Undan Unit INPEX Sahul 11.378120%
ConocoPhillips* 56.943372%
Eni 10.985973%
Santos 11.494535%
Tokyo Timor Sea Resources (JERA/Tokyo Gas) 9.198000%

(As of March 31, 2020)

In April 1993, INPEX acquired an interest in the former JPDA03-12 contract area, located in the Timor Sea joint petroleum development area (JPDA), which was jointly managed by Australia and East Timor. Exploration within this contract area resulted in the discovery of oil and gas fields. Of these, studies revealed that the Undan structure and the Bayu structure, located in the adjacent former JPDA03-13 contract area, were a single structure. The interest holders unitized both contract areas in 1999, allowing joint development of the Bayu-Undan Gas-Condensate Field to proceed. The commercial production and shipment of condensate and LPG started in 2004 followed by LNG in February 2006.

In August 2019, JPDA was abolished as a result of the ratification of a maritime boundary treaty between Australia and East Timor, and the area fell under the sole jurisdiction of the East Timor government. In accordance with the treaty, discussions were held between both governments and PSC contractors. The parties agreed to keep the same conditions as the former PSC and consequently a new PSC with the East Timor government (Block title: PSC-TL-SO-T 19-12) was bound.

Bayu-Undan offshore facility