Inpex Stock

INPEX Corporation engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources.

Global Business Activities

ASIA & OCEANIA (INDONESIA)

Offshore Mahakam Block and Attaka Unit: The company has entered into a production sharing contract (PSC) with the Indonesian government and acquired a 100% working interest in the Offshore Mahakam Block. It also owns 50% interest in the Attaka Unit.

South Natuna Sea Block B: The company owns a 35% working interest in the South Natuna Sea Block B, which includes the Udang Oil Field.

Masela Block (Abadi): The company owns a 100% working interest in the Masela Block.

Berau Block, Tangguh LNG Project: MI Berau B.V., a joint venture established by the company (44%) and Mitsubishi Corporation (56%), acquired an approximately 22.9% interest in the Berau Block, a hub in the Tangguh LNG Project. MI Berau holds a 16.3% working interest in the Tangguh Unit, a unitized area between the Berau Block, the adjoining Wiriagar Block and the Muturi Block.

ASIA & OCEANIA (AUSTRALIA & JPDA)

WA-10-L (Griffin Fields), WA-155-P (Part I) Block (Van Gogh and Ravensworth Fields) and Others: The company owns a 20% working interest in WA-210-P in offshore western Australia. In the area surrounding WA-10-L, the company acquired working interests in WA-155-P (Part II), WA-12-L (Deep), and WA-155-P (Part I), as well as the WA-357-P.

WA-285-P (Ichthys) and the Surrounding Blocks: The company owns a working interest in WA-285-P in offshore western Australia. It has drilled eight exploratory wells, confirming the presence of reserves for a gas and condensate project. The company has also acquired interests in seven blocks surrounding WA-285-P (WA-274-P, WA-281-P, WA-341-P, WA-343-P, WA-344-P, WA-410-P, and WA-411-P).

JPDA03-12, Bayu-Undan Project: The company owns a working interest in JPDA03-12, located in the Timor Sea Joint Petroleum Development Area (JPDA). The exploration in the contract area resulted in the discovery of oil and gas in the Elang, Kakatua, Kakatua North, and Undan structures. It is also developing the Bayu-Undan gas-condensate Field.

JPDA06-105 (Kitan Oil Field): The company owns an interest in JPDA06-105, located in the Timor Sea Joint Petroleum Development Area (JPDA).

EURASIA (EUROPE & NIS)

Offshore North Caspian Sea Block (Kashagan Oil Field and Others): The company owns approximately 8.33% working interest in the Offshore North Caspian Sea Block that lies within the Republic of Kazakhstan’s territorial waters.

ACG Oil Fields: The company owns a 10% working interest in the Azeri-Chirag-Gunashli Fields, known as the ACG Oil Fields, located in the Republic of Azerbaijan controlled area of the South Caspian Sea. In addition to crude oil production in the Chirag Field, the company also produces from the Central Azeri Field; the West Azeri Field; the East Azeri Field; and the Deep Water Gunashli Field.

BTC Pipeline: The company owns a 2.5% interest in the BTC Pipeline Project. The 1,770-kilometer BTC Pipeline, which stretches from Baku in Azerbaijan to Ceyhan on Turkey’s Mediterranean coast, via Tbilisi, Georgia, and has a transport capacity of one million barrels per day.

MIDDLE EAST & AFRICA

ADMA Block: The company's wholly owned subsidiary, Japan Oil Development Co., Ltd., holds an interest in the ADMA Block, located in offshore Abu Dhabi, the United Arab Emirates, where it produces oil from five fields.

Offshore Democratic Republic of the Congo: The company owns a 32.28% working interest and participated in oil exploration and development in the offshore Democratic Republic of the Congo.

West Bakr Block: The Egyptian Petroleum Development Co., Ltd. (EPEDECO), a joint venture established by the company, Mitsui & Co., Ltd. and others, acquired a 100% working interest in the West Bakr Block, located in a desert region on the west bank of Egypt’s Gulf of Suez, and conducted exploration activities as an operator of the project.

El Ouar I/II Blocks: The company owns a 10.29% working interest in the El Ouar I/II Blocks, located in onshore eastern Algeria.

AMERICAS

Joslyn Oil Sands Project: The company owns a 10% interest in the Joslyn Oil Sands Upstream Project in Alberta, Canada, including associated pipeline rights.

Copa Macoya and Guarico Oriental Blocks: The company has established gas and crude oil venture companies jointly with Petroleos de Venezuela, S.A. (PDVSA), the Venezuelan national petroleum company, and conducts the gas business in the Copa Macoya Block and the crude oil business in the Guarico Oriental Block.

Frade Block: Frade Japão Petróleo Limitada(FJPL), a joint venture established by the company and Sojitz Corporation, owns a 18.3% working interest in the Frade Block in Brazil’s offshore northern Campos Basin.

Ship Shoal 72, Main Pass 117/118 and West Cameron 401/402: The company produces oil and gas from Ship Shoal 72; Main Pass 117/118; and West Cameron 401/402.

JAPAN

Minami-Nagaoka Gas Field and Domestic Natural Gas Business: The Minami-Nagaoka Gas Field is a gas field in Japan. Produced and processed natural gas, which is transported through a 1,300 kilometers trunk pipeline network that stretches across the Kanto-Koshinetsu region surrounding the Tokyo metropolitan area, is supplied to city gas companies and industrial customers along the pipeline network.

Reserves

As of March 31, 2008, the company’s total net proved reserves were 11,645.18 million (barrels of oil equivalent), including 1,087.57 million barrels for crude oil, condensate, and LPG; and 3,345.7 billion cubic feet for natural gas.

History

INPEX Corporation was founded in 1966.