HERE IN AUSTRALIA, WE RE HARNESSING THE MOST POWERFUL ENERGY IN THE WORLD

HERE IN AUSTRALIA, WE RE HARNESSING THE MOST POWERFUL ENERGY IN THE WORLD

INPEX IN AUSTRALIA Present in Australia since 1986, INPEX Australia is active in the Timor Sea and the Carnarvon, Browse and Bonaparte Basins. We are also committed to pursuing opportunities to further develop our presence in Australia. INPEX Australia s portfolio includes the flagship Ichthys LNG Project and participating interests in the Bayu-Undan/Darwin LNG, Prelude FLNG and Van Gogh Projects and the development of the Ravensworth, Coniston and Kitan oil fields. These projects represent investments of billions of dollars and comprise joint ventures forging dynamic and exciting alliances. The INPEX-operated Ichthys LNG Project has helped bring a new sense of vibrancy to Darwin, in the Northern Territory, where the onshore component of the development is located. That incredible feeling of creating what s never gone before is at the very heart of INPEX we call it Will Power. Seiya Ito President Director, INPEX Australia

STRATEGIC PARTNERSHIPS At INPEX, we value our strategic joint venture partnerships. These partnerships are with some of the largest and most respected energy companies in the world. Together, we are building the skills and assets our industry requires for the future. Ichthys LNG Project INPEX Australia discovered the giant Ichthys gas and condensate field in the Browse Basin in 2000. Located about 220 kilometres off the northern coast of Western Australia, Ichthys represents the largest discovery of hydrocarbon liquids in Australia in more than four decades. The Ichthys LNG Project is considered by INPEX as the jewel in the crown. It is currently in construction and ranked amongst the most significant oil and gas projects in the world. The Project is a joint venture between INPEX (operator), major partner Total, CPC Corporation Taiwan and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas. A Final Investment Decision for the Project was reached in 2012. The Project is expected to produce up to approximately 8.9 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with more than 100,000 barrels of condensate per day at peak. The Project is ingenuity at its best. Effectively, it is three mega projects in one. It incorporates some of the world s biggest and most advanced offshore facilities off the Western Australian coast, massive onshore processing facilities near Darwin in the Northern Territory, and an 890 kilometre pipeline to unite them. It is one of the few if not only mega projects worldwide that incorporates the whole chain of development and production components: subsea, offshore, pipeline and onshore. The Project has an expected operational life of at least 40 years creating multi-generational employment, contracting and investment opportunities across Australia.

Prelude FLNG INPEX holds a 17.5 per cent interest in the Shell-operated project. The Prelude Floating Liquefied Natural Gas (FLNG) Project is located approximately 475 kilometres North-North East of Broome, in Western Australia. The facility is anticipated to stay moored at location for 25 years, and is expected to produce 3.6 million tonnes per annum (mtpa) of LNG, 1.3 mtpa of condensate and 0.4 mtpa of LPG for export. It will be Shell s first deployment of its FLNG technology which allows for the production, liquefaction, storage and transfer of LNG at sea, and the ability to process and export LPG and condensate. Bayu-Undan / Darwin LNG INPEX holds a 11.37812 per cent interest in the ConocoPhillipsoperated project. Bayu-Undan is an offshore gas and condensate field in the Joint Petroleum Development Area of the Timor Sea, about 240 kilometres south of the Timor-Leste capital of Dili. Gas travels through a 502 kilometre pipeline from the Bayu-Undan Field to Darwin in the Northern Territory, where it is converted to LNG and shipped to international markets. The plant has an annual LNG production capacity of about 3.7 million tonnes per annum. Since 2006, an average of one cargo per week has been safely shipped to customers. Coniston INPEX holds a 47.499 per cent interest in the Quadrant Energy-operated project. Coniston is one of two projects in which INPEX is associated with Quadrant Energy the other is the Van Gogh Project. The Coniston Project is a relatively new subsea oil field development, located offshore Exmouth, in Western Australia. Development of the Coniston Oil Field started in late 2011 and first oil production was in May 2015. Kitan INPEX holds a 35 per cent interest in the Eni-operated project. Kitan is an oil field in the Joint Petroleum Development Area of the Timor Sea. Production from Kitan started in October 2011. The Project has achieved between 35,000 and 40,000 barrels per day during peak production. Ravensworth INPEX holds a 28.5 per cent interest in the BHP Billitonoperated project. The Ravensworth Project is located about 45 kilometres off the coast of Exmouth, in Western Australia. Crude oil production from the Ravensworth field started in 2010, and currently is at 10,000 barrels of oil per day. Van Gogh INPEX holds a 47.499 per cent interest in the Quadrant Energy-operated project. The Van Gogh oil field is located 53 kilometres north-west off the coast of Exmouth, in Western Australia.

INPEX CORPORATION INPEX CORPORATION is a worldwide oil and gas exporter and producer, headquartered in Japan. Our strategic investments in Australia are vital, making up a key part of our global footprint. We pride ourselves on being a relationshipdriven organisation. This is closely tied to the shared Japanese and Australian cultural desire to cultivate and protect relationships. INPEX has been a quiet achiever in Australia for 30 years. However, our multi-billion dollar Ichthys LNG Project in Australia is now turning heads. It is being acknowledged for the important role it will play in providing future energy security for Japan and the multitude of community, social and economic benefits it will deliver for generations in Australia.

INPEX s workforce in Australia is made up of many diverse nationalities and cultures. The melding of our work and business practices has created a unique culture that prides itself on organisational excellence, determination, innovation and a proactive can-do attitude. Will Power the determination and courage to make things happen, no matter how difficult it may seem is at the very heart of everything we do at INPEX. At INPEX we pride ourselves on working hard, communicating openly and being determined in everything we do particularly when it comes to safety, which is captured by our value 安全第一 Anzen Dai Ichi Safety Number One. As well as our commitment to safety, which underpins all we do the way we work is also dictated by our other core values, focused on integrity, diversity, ingenuity and collaboration. WILL POWER

COMMITTED TO LOCAL COMMUNITIES Since the green light was given for the INPEX-operated Ichthys LNG Project, more than A$ 1.5 million has been invested in local communities where we operate, such as Darwin, across a range of initiatives such as sponsorship of the Palmerston Girls Academy. At INPEX, we are proud of our record of harmonious work in the communities in which we operate and for achieving commercial success while maintaining our commitment to corporate social responsibility. In Australia, we are committed to both the Northern Territory and indeed the wider nation through a range of community support programs and sponsorships. Identifying and providing opportunities for locals including Aboriginal and Torres Strait Islander peoples and businesses is also part of this commitment. At INPEX, we know that who we are, how we work and what we believe in are driving forces in our everyday working lives and, ultimately, in the success of our company. INPEX CORPORATION is a globally focused company with over 70 projects across more than 20 countries. Our vision is to double production and more in the next 10 years. It is an ambitious plan but we believe we have the Will Power to do it. Exploration and production operations INPEX Level 22, 100 St Georges Terrace Perth, Western Australia 6000 T: +61 8 6213 6000 F: +61 8 6213 6455 E: enquiries@inpex.com.au W: INPEX.com.au INPEX April 2016