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Project OGP - Projects OGP

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Ichthys Australia<br />

Ichthys’ offshore portion is located on the WA-<br />

285-P permit within the Browse Basin, in northwest<br />

Australia. Inpex serves as operator with 75% interest,<br />

with partner Total (25%) holding the remaining<br />

interest.<br />

The Ichthys LNG plant is situated on Blaydin Point on<br />

the Middle Arm Peninsula in Darwin. INPEX serves as<br />

Operator with 72.805% interest, with partners Total<br />

(24%), Tokyo Gas (1.575%), Osaka Gas (1.2%) and<br />

Toho Gas (0.42%) holding the remaining interest.<br />

Daewoo wins US$2 billion Ichthys<br />

FPSO contract<br />

Daewoo Shipbuilding & Marine Engineering has won an order<br />

worth US$2 billion to build an FPSO (floating production,<br />

storage and offloading) vessel for Inpex Corp and Total E&P’s<br />

Ichthys LNG (liquefied natural gas) project.<br />

The Ichthys FPSO will be a 335 metre-long vessel designed<br />

to produce 85,000 barrels per day of condensate and store<br />

1.2 million barrels of liquids. Topsides will feature processing<br />

modules, mono ethylene glycol regeneration facilities and<br />

accommodation for 150 people. The company plans to<br />

deliver the FPSO in 2016, and it will be permanently moored<br />

in 250 metres of water via an internal turret system to be<br />

supplied by SBM Offshore.<br />

Empired lands US$5 million Ichthys<br />

LNG deal<br />

Empired Ltd has secured a US$5 million information systems<br />

contract with INPEX as part of its Ichthys LNG project.<br />

The agreement will see Empired supply, install, configure and<br />

manage the Coreworx information and cost control system over<br />

the next 5 years of the US$34 billion project.<br />

INPEX granted production licenses<br />

on Ichthys LNG project<br />

INPEX Corporation and other project group companies have<br />

been granted production licenses for the Ichthys LNG project by<br />

the Australian Government.<br />

Upon the grants, INPEX has received the major necessary<br />

governmental authorisations for the Ichthys LNG project to move<br />

forward, including environmental approval and pipeline licenses.<br />

The Ichthys LNG project made final investment decision<br />

in January 2012. Gas from the Ichthys field will undergo<br />

preliminary processing offshore to remove water and raw<br />

liquids, including condensate. The gas will then be exported to<br />

the onshore liquefaction plant in Darwin via an 889 kilometres<br />

subsea pipeline. The Ichthys LNG <strong>Project</strong> is expected to<br />

produce 8.4 million tonnes of LNG and 1.6 million tonnes of<br />

LPG per annum, along with approximately 100,000 barrels of<br />

condensate per day at peak.<br />

INPEX and Total are proceeding with development works for the<br />

project, including the execution of engineering, procurement<br />

and construction of the onshore LNG plant, offshore Central<br />

Processing Facility, new-build Floating Production, Storage and<br />

Offloading vessel, and Gas Export Pipeline. Production start-up is<br />

targeted by the end of 2016.<br />

The Ichthys joint venture is seeking the continued support from<br />

the Australian Government, the Western Australian Government,<br />

the Northern Territory Government and other stakeholders for<br />

early and optimal commercial gas production from the Ichthys<br />

LNG <strong>Project</strong>.<br />

Upon the grants, WA-37-R and the location Block area in WA-<br />

285-P, where the Ichthys gas-condensate field is located, will be<br />

registered as WA-50-L and WA-51-L, respectively.<br />

John Holland JV awarded US$340<br />

million Ichthys civil works contract<br />

John Holland, in a joint venture with Macmahon Holdings Ltd,<br />

has been awarded a US$340 million site development civil<br />

works contract by the JKC Joint Venture (JGC Corporation, KBR,<br />

Chiyoda Corporation) for the onshore facilities of the Ichthys LNG<br />

<strong>Project</strong> near Darwin, in the Northern Territory.<br />

The Macmahon-John Holland Joint Venture will undertake<br />

civil construction works associated with delivering the finished<br />

earthwork levels for the LNG plant and associated facilities.<br />

The works include access roads, earthworks, drainage and<br />

ground improvement works required for the establishment of<br />

the landmark project. Early works on the project will commence<br />

almost immediately with site works starting in early April 2012.<br />

Completion of the site development work is scheduled for mid 2014.<br />

NYK secures ocean carriage<br />

contract for Ichthys LNG project<br />

NYK-HINODE LINE has been awarded the ocean carriage for<br />

module contract by the JKC Joint Venture (JGC Corporation, KBR,<br />

Chiyoda Corporation) for the Inpex led Ichthys LNG project.<br />

The period of transportation is planned to be from the first<br />

quarter of 2014 to the second quarter of 2015, and will involve<br />

transportation of modules from Thailand, China and the<br />

Philippines to Darwin, Australia. M/V Yamato and M/V Yamatai,<br />

two of NYK-HINODE LINE’s owned, operated, self-propelled<br />

module carriers, will be allocated to transport various main units<br />

as module cargo for the project.<br />

39

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