WE RE HERE FOR THE LONG HAUL.

WE RE HERE FOR THE LONG HAUL.

INPEX CORPORATION Japan s largest exploration and production company Headquarters in Tokyo, Japan Involved in approximately 70 projects Across more than 20 countries Boosting the supply of energy to northern Asia while contributing to Australia s economic growth and development Providing a stable and efficient supply of energy to customers.

ICHTHYS LNG First Japanese-operated liquefied natural gas (LNG) project in the world Three mega-projects in one offshore facilities, gas export pipeline (GEP) and onshore LNG processing facilities Ichthys Field confirmed as Australia s largest liquid hydrocarbons discovery in more than 50 years World s largest semi-submersible platform 890 kilometre GEP longest subsea pipeline in the southern hemisphere Will produce up to: - 8.9 million tonnes per annum (mtpa) of LNG - 1.6 mtpa of liquefied petroleum gas (LPG) - 100,000 barrels of condensate per day at peak Operational life of 40 years. Ichthys Explorer (central processing facility) Ichthys Venturer (floating production, storage and offloading facility) GEP Bladin Point, Darwin (onshore facilities) Ichthys Field (offshore facilities)

ECONOMIC BENEFITS TO AUSTRALIA INPEX, as operator of Ichthys LNG, is making enormous and multi-generational contributions to the Australian economy, particularly the Northern Territory (NT) and Western Australian (WA) economies and communities.* AUSTRALIA Bladin Point A$ 195 billion in exports for Australia A$ 190 billion in additional Gross Domestic Product for Australia A$ 91 billion increase in Australian real income % A$ 73 billion in taxation revenue for governments in Australia (on average A$ 1.9 billion per annum) 1800 full-time jobs per annum on average.

NORTHERN TERRITORY A$ 118 billion boost in economic output in the NT A$ 14 billion increase in real incomes for Territorians A$ 2.6 billion in taxation revenue for the Northern Territory Government 600 full-time jobs created on average per annum (direct and indirect). WESTERN AUSTRALIA A$ 75 billion boost in economic output More than A$ 8.9 billion of taxation payments to the Western Australian Government A$ 34 billion increase in real incomes in WA 1100 full-time equivalent jobs on average per annum for the next 40 years in WA. % A$ 20 million per annum in generated payroll tax payments for the Western Australian Government *Source: ACIL Allen economic impact assessment, over study period 2012-2050.

OTHER AUSTRALIAN PROJECTS Van Gogh and Coniston Operator: Quadrant Energy INPEX share: 47.499 per cent Status: the Ningaloo Vision (FPSO) has serviced the Van Gogh oil field since 2010, with production augmented in 2015 by the tie-back of the Coniston/Novara developments Production: around 8,000 barrels of oil per day. Ravensworth Operator: BHP INPEX share: 28.5 per cent Status: in production since 2010 Production: currently at 7,000 barrels of crude oil per day. Prelude FLNG Operator: Shell INPEX share: 17.5 per cent Status: production scheduled to commence 2018 Production: expected at least 3.6 mtpa of LNG, 400,000 tonnes of LPG per annum at peak and about 1.3 mtpa of condensate. Bayu-Undan / Darwin LNG Operator: ConocoPhillips INPEX share: 11.37812 per cent Status: in production since 2006 Production: annual LNG capacity of up to 3.7 mtpa. Average of one cargo per week.

INPEX IN AUSTRALIA In Australia since 1986 Headquarters in Perth with office in Darwin Our values are the foundation for how we work at every INPEX site, in every part of the world. Interests in the Timor Sea and the Carnarvon, Browse, Bonaparte, Beetaloo and Offshore Canning Basins Operator of Ichthys LNG Multiple projects include Van Gogh and Coniston, Ravensworth, Prelude FLNG, Bayu-Undan/Darwin LNG.

INPEX Australia 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 @INPEXAustralia INPEX INPEX April 2018