Product Code Database
INPEX Corporation is a Japanese oil company established in February 1966 as North Sumatra Offshore Petroleum Exploration Co., Ltd.The Japan Times Inpex fetches 549,000 yen in debut on first section November 18 2004 Retrieved on August 14, 2012 INPEX is the largest oil and gas exploration and production company in Japan, with global exploration, development and production projects in 20 countries. INPEX 2019 Annual Report In the 2020 Forbes Global 2000, INPEX was ranked as the 597th -largest public company in the world.
The Mahakam Bloc, the original INPEX's first site, was nationalized by the Government of Indonesia in 2018, and is currently operated by Pertamina.
As of March 31, 2010, the INPEX Labor Union has 1,030 members. The company has a labor-management council and regular meetings are held.Inpex website Employee Development and Health Management Retrieved on August 17, 2012
The location of this project, and the issue of industrialising the Kimberley coast was under discussion in Australia at the time. Environmentalists and local ecotourism operators ware concerned about industrial infrastructure destroying the pristine nature of this coast line. ABC Local News
The original project consisted of an offshore Central Processing Facilities (CPF), supplying two phase gas to an onshore facility on the Maret Islands. The facilities on the Maret Islands were to include gas receiving, LNG process plant (2 x 3.8Mtpa trains), product storage and export facilities. The Maret Islands are located approximately 200 km south-east of the Ichthys Field, which is approx. 440 km north of Broome and 800 km south west of Darwin.
The project for the LNG plant to be located on the isolated Maret Islands was scrapped with the LNG Plant now to be built at Bladin Point industrial site which is located on the Middle Arm Peninsula in Darwin, Northern Territory, with a pipeline from the lchthys Field to the LNG Plant, after regulatory delays in Western Australia.
The Ichthys Project's Front-End Engineering Design (FEED) was completed in April 2011. Final Investment Decision (FID) was announced on 13 January 2012.
In January 2012 INPEX said the 8.4 million tonne per annum (mtpa) project near Darwin will cost about $34 billion, some 60 per cent more than INPEX's original estimate of $20 billion. INPEX said it and French energy company Total, its joint venture partner, had given the final approval to the project. Total had expressed interest in increasing its stake in the project from 24% to 30%, and negotiations between the two companies were underway.
The project was estimated to contribute $3.5 billion into the Australian economy each year, and require around 2,700 workers during peak construction, and another 300 jobs ongoing once it is operational.The Age 'Game changer' LNG project approved for Darwin January 13 2012
The EPC early works phase, such as commencement of site development, infrastructure works and accommodation village and dredging began in 2012. LNG Production in the magnitude of app. 8.4mtpa is projected to be online by fourth quarter of 2016. The first shipment from the Ichthys LNG plant was made in October 2018.
In November 2008, INPEX acquired a 100 per cent participating interest in the Masela Block in Indonesia.
A development plan was submitted to the Indonesian government and subsequently approved. Preparatory measures for Front-End Engineering Design were in place in 2011. In 2012, production of natural gas and condensates was expected to begin in 2015. The total proven reserves of the Abadi gas field were around 10 trillion cubic feet (242 billion m3), and production was slated to be around 974 million cubic feet/day (2.74 million m3) in 2015.
In 2017 the company was ready to start the Pre FEED phase and hold a joint workshop with SKK Migas.
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