<Title of Presentation> By: <Author Name>, <Organization> <Date> <Title of Presentation> By: <Author Name>, <Organization> <Date> 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) Twists and Turns of Ichthys Project -The Road to FID and Beyond- INPEX as the First Japanese Operator of a World Class LNG Project getting over TECOP Challenges Jiro OKADA Vice President, Ichthys Project Division INPEX CORPORATION 16 th April 2013 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17)
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Twists and Turns of Ichthys Project -The Road to FID and Beyond
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<Title of Presentation>
By: <Author Name>, <Organization>
<Date>
<Title of Presentation> By: <Author Name>, <Organization>
<Date>
17th INTERNATIONAL CONFERENCE & EXHIBITION
ON LIQUEFIED NATURAL GAS (LNG 17)
Twists and Turns of Ichthys Project -The Road to FID and Beyond-
INPEX as the First Japanese Operator of
a World Class LNG Project getting over TECOP Challenges
17th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17)
Agenda
00 INPEX Overview 01 Dawn of Ichthys Project
02 Pursuit of LNG Plant Site 03 Road to Darwin 04 Road to FID
05 Development Phase and Beyond
*Typo in the paper: Page15 Government Approvals and Licences 4th paragraph, 2nd line “with” be replaced by “without”. ”No
company, on its own can achieve such an undertaking without the buy-in, committed and willing support of its key stakeholders.”
Under Development Producing Discovered
27 countries, 76 projects
Exploring
Our Business
Production over 400 kboed
Ichthys Field Location
ICHTHYS FIELD WA-285-P
Ichthys Field is located in Browse Basin 200km off North Western coast of Australia
AUSTRALIA
DARWIN
PERTH
ICHTHYS FIELD DARWIN
TECOP Challenges
Economical
Commercial
Organisational
Political
As a newcomer operator, we have faced and overcome a number of challenges to progress the mega-project
CHALLENGES
Technical
Dawn of Ichthys Project –the first challenge –
PARTNERSHIP no other company
interested
We decided to solely advance the exploration drilling
But we were confident
FUNDING government funding application rejected
Exploration History – great discovery –
1998 Acreage Obtained (WA-285-P)
2000-01 1st Drilling Campaign
2000 Discovery of Gas and Condensate
2001 Named “ICHTHYS FIELD”
2003-04 2nd Drilling Campaign
Confirmed Extension of Reserves
2007 Commenced Safety First Initiative
2007-08 Further Drilling
安全第一 Safety First
ICHTHYS FIELD
Pursuit of Onshore LNG Plant Sites
ICHTHYS FIELD
A number of locations in the Kimberley were examined for potential LNG plant site
Cockatoo Island
Champagny Island
MARET ISLANDS
However…
We faced increasing difficulties in securing land tenure over the Maret Islands in a bankable and timely manner
Alternative Option
Potential site for LNG Plant near Darwin
Use of Existing Infrastructure
Strong Government Support
The Northern Territory Government proposed…
The Tyranny of Distance
DARWIN
ICHTYS FIELD
Although Darwin was an attractive option, feasibility of the lengthy pipeline was a cause of headache…
900km!!
Road to Darwin
intensive Technical Studies
dialogues with Local Communities
We did our best to mitigate technical concerns and to establish mutual trust with the local society on a step by step basis
agreement with Traditional Owners
supports from Local Government
Land Tenure
Project Development Agreement, signed in July 2008 with Northern Territory Government, became a breakthrough as it assures bankable Land Tenure for Onshore LNG Plant Site
LAND FOR FUTURE EXPANSION
NO NATIVE TITLE
BIPARTISAN SUPPORT
Decision Made!
In September 2008, we reached a conclusion to select DARWIN for the LNG Plant Site
Technically, Economically and Environmentally feasible! Certainty is the key decision factor!
Ichthys Concept – designed for 40-year project life –
Onshore LNG Plant JGC-KBR-Chiyoda JV (JKC) Dredging Van Oord
The Development Phase is being progressed by the world class Contractors
Global Project Locations
Aberdeen SPS
Houston CPF Topside
Monaco FPSO Turret
Oslo SPS
Leiden URF
Geoje CPF
Laem Chabang
LNG Module
Qingdao LNG Module
Okpo FPSO
Brisbane Onshore
Perth Drilling, GEP etc.
Darwin Plant Construction
Kuala Lumpur
FPSO Topside
Singapore URF, Onshore
Yokohama Onshore
Batangas LNG Module
■:Offshore ■:Onshore
Batam SPS, URF
Work Progress - Onshore
2016 2013 2012
FID ▼
Work Progress - Offshore
2016
FID ▼
2013 2012
Offshore EPC
Onshore EPC
Project Schedule
Offshore FEED
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
▼FID Production ▼ Start Up
Offshore EPC Preparation
Onshore FEED
Onshore EPC Preparation
Drilling
▲Now
Circle of Mutual Trust
BUYERS
CONTRACTORS
GOVERNMENTS
LENDERS
LOCAL COMMUNITIES
JOINT VENTURES
Vector of all stakeholders is now in one direction to move forward, targeting to achieve “First Production” by the end of 2016 and ensuring Security of LNG Supply!
Joint Venture Partners
We formed the platform for a circle of mutual trust with first class Joint Venture Partners, TOTAL in particular!
Social Contributions
We highly value relationships with the local communities and the traditional owners in Australia.
Larrakia Trade Training Center Graduates already working for
Ichthys Project!
North Australian Center for Oil and Gas in Charles Darwin University
I would like to complete my presentation with the message that a project is a living creature, and it can grow depending upon how well the people involved would nurture it