Ichthys
PRODUCTION FACILITY
Facility Name Ichthys CPF Duty Gas
Operator Inpex Current Status Under Construction since 2012
Host Type FLNG Water Depth 280 m / 924 ft
Dev.Cost n/a Region Australia
 
Location WA-285-P



Facility Name Ichthys FPSO Duty Gas
Operator Inpex Current Status Under Construction since 2013
Host Type FPSO Water Depth 280 m / 924 ft
Dev.Cost n/a Region Australia
 
Location WA-285-P
 
OIL & GAS FIELD
Field Name Ichthys Discovery Date Jan 2000
Block WA-285-P, WA-50-L, WA-51-L Reserve Type Gas
Current
Status
Under Development Production Start
Water Depth 280 m / 924 ft
 
 
Description
 
Located on Block WA-285-P, Ichthys is one of Australia's biggest undeveloped gas projects estimated to contain recoverable reserves of 12.8 Tcf (.36 Tcm) of gas and 527 MMb of condensate.

Ichthys is operated by INPEX with a 66.8% interest, while Total holds a 30% stake and Tokyo Gas holds the remaining 1.575% interest. The area lies 137 miles (220 kilometers) offshore Australia in 853 to 919 feet (260 to 280 meters) of water.

In 2000, Ichthys was discovered by three exploration wells, and then appraised by five wells three years later. On March 27, 2009, the partners reported that the field is commercially viable, and then submitted the field development plan for government approval.

Field Development

The development plan for Ichthys includes several subsea wells tied-back to a central floating offshore processing facility for gas, and an FPSO for condensate. Also, a 528-mile (850-kilometer) subsea pipeline will be constructed to transport the gas to an LNG processing plant in Blaydin Point, Darwin.

The offshore facilities will consist of a subsea well development connected to a central processing facility (CPF1) for gas treatment and a floating processing, storage and offloading (FPSO2) vessel for condensates.

Onshore installations will consist of two LNG trains with a capacity of 4.2 million tons per year each and facilities for the extraction and the export of LPGs and condensate. In addition to its LNG production, the Ichthys project is expected to generate 1.6 million tons per year of LPGs and 100,000 barrels of condensate a day at peak.
Notably, the entire annual production of LNG from the Ichthys project (8.4 million tons per year) has already been sold for 15 years under oil-linked price contracts, mostly directed to third-party consortiums of Taiwanese and Japanese buyers including INPEX. Total Gas & Power Limited, the gas trading subsidiary of Total, will also purchase 0.9 million tons per year of LNG from the project to supply directly its customers.

The plans for development and operation of the Ichthys project have been approved by Australian authorities, and construction will commence in the second quarter of 2012.

Further Exploration

On July 8, 2008, a new gas discovery, Mimia, was found offshore northwest Australia. Located on the WA-344-P Block, the Mimia well is operated by Inpex, with a 60% interest, and Total with a 40% interest.

The Songa Venus semisub drilled the discovery well in a water depth of 833 feet (254 meters) and encountered a 236-foot (72-meter) gas column that confirmed the well as a gas and condensate discovery.

The Mimia find is being evaluated to determine if it should be tied-back to the Ichthys project.
 
Activities
 
Inpex Installs Centerpiece of Ichthys Development
Date: Nov. 2014
Type: Development Activity
Inpex announced the milestone installation of the Ichthys Riser Support Structure (RSS) in the Browse Basin offshore Western Australia. The RSS is reportedly the largest subsea structure ever laid on the seabed. The structure will serve as a physical, fixed support for flexible risers and dynamic umbilicals that connect subsea gathering facilities to the floating central processing facility (CPF) that is being built in Korea. The RSS is the centerpiece of the development as all other pieces of infrastructure will be installed relative to its location. Also being installed are subsea manifolds, 25 miles of flexible risers and pipes and almost 90 miles of rigid flowlines.
INPEX Launches Ichthys FPSO Hull at DSME Yard
Date: Jul. 2014
Type: Facility Construction
INPEX launched the hull of the Ichthys FPSO from the dry dock at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in Okpo, South Korea. The 1,102-foot by 193-foot hull is now positioned quayside where construction will continue with the fabrication and integration of the topsides and living quarters. INPEX celebrated the keel laying at the DSME yard in February and reached the 50% completion mark June 25. The next major milestone will be the installation of the turret which is under construction in Singapore. Ichthys production is scheduled for startup at the end of 2016.
Ichthys: Offshore Installation of Gas Export Pipeline Underway
Date: Jul. 2014
Type: Development Activity
Installation of the gas export pipeline is underway at the Ichthys development off Western Australia. The 552-mile pipeline will stretch from the Ichthys gas and condensate field in the Browse Basin to the onshore processing facilities at Bladin Point near Darwin in the Northern Territory. Offshore installation is being facilitated by Saipem's SEMAC-1 semisubmersible pipelay barge. Production startup is scheduled for the end of 2016.
Neptune Marine to Provide Services to McDermott for Ichthys Development
Date: Apr. 2014
Type: Contract Award
McDermott International awarded a survey and ROV contract to Neptune Marine Services for the INPEX-owned Ichthys project off Western Australia. The initial phase of the contract, expected to commence in May, will involve a pre-lay survey of the field, installation of 8 LBL acoustic positioning arrays and the provision of a Swift XL Work Class ROV. Neptune previously worked on the Ichthys project when it was contracted to complete a pipeline route survey.
First Hull Block Complete for Ichthys Central Processing Facility
Date: Apr. 2014
Type: Facility Construction
The first hull block for the Ichthys Central Processing Facility (CPF) has been erected at the Samsung Heavy Industries yard in Geoje South Korea. First steel for the project was cut in January 2013 and delivery is scheduled for late 2015. Gas and condensate from the Ichthys development wells will be collected by the CPF and processed to remove impurities prior to transmission. Most of the condensate will be transferred to the Ichthys FPSO that will be moored nearby. Any condensate not stored on board the FPSO will be sent with the gas to Darwin through a 552-mile export pipeline. Once completed, the CPF will be the world's largest semisubmersible platform.
Ichthys Milestone Reached with FPSO Keel Laying Ceremony
Date: Feb. 2014
Type: Facility Construction
INPEX celebrated a key milestone for its Ichthys project with the recent keel laying ceremony for the Ichthys FPSO. The ceremony was held at the Daewoo Shipbuilding & Marine Engineering (DSME) yard in Okpo, South Korea. Tradition was followed and the project manager paced a newly minted Australian gold coin under the first keel section for good luck. Each modular section will be fabricated separately and then welded together to create the hull. The 1,100 by 190-foot vessel will be capable of storing more than 1 million barrels of condensate which will be offloaded to tankers and shipped directly to market. Once construction is complete, the FPSO will be towed 3,479 miles where it will be permanently moored on location for the life of the project. Production at Ichthys is scheduled for startup at the end of 2016.
Interek to Provide Dimensional Control of Ichthys Mooring Turret
Date: Sep. 2013
Type: Contract Award
INPEX awarded a contract to Intertek for the dimensional control the Ichthys FPSO turret mooring system. Under the contract, Intertek will provide quality assurance and verification of the fabrication and integration of the mooring system. SBM Offshore won the turret construction contract early in 2012. Once construction of the turret is complete in Singapore it will be transported to the DSME yard in Okpo, South Korea for integration with the hull. Intertek expects to start the project in September 2013.
CPC Acquires Interest in Ichthys Project
Date: Jun. 2013
Type: Operator Update
INPEX, on behalf of the Ichthys project partners, announced an agreement for the transfer of interest in the project to CPC Corporation, Taiwan (CPC). Under the agreement, CPC will acquire a 2.625% interest in production licenses WA-50-L and WA-51-L, exploration permit WA-258-P and shares of Icnthys LNG Pty Ltd. Once the transaction is complete, the new list of equity holders will include INPEX (63.445%), Total (30%), CPC (2.625%), Tokyo Gas (1.575%), Osaka Gas (1.2%), Chubu Electric (.735%) and Toho Gas (.42%).
First Steel Cut for Ichthys FPSO
Date: Jun. 2013
Type: Facility Construction
INPEX announced the steel cutting of the Ichthys floating, production, storage and offloading (FPSO) vessel at the Daewoo Shipbuilding & Marine Engineering facility in Okpo, Korea. Now that the hull is being fabricated, all of the project's major offshore facilities are under construction. The FPSO will be used for condensate dewatering, stabilization, storage and export. It will be moored on location in the Browse Basin offshore Western Australia for the life of the project. Production is scheduled to begin by the end of 2016.
First Steel Cut for Ichthys Semisub
Date: Jan. 2013
Type: Facility Construction
Steel cutting for the Ichthys semi-submersible central processing facility is underway at Samsung Heavy Industries. At 361 feet by 492 feet, it will be the largest semi-submersible platform in the world and will have a peak gas export rate of 1,657 Mmscfd. In addition, construction of the Ichthys FPSO's mooring turret has commenced. The FPSO will have the capacity to store 1.2 million barrels of condensate. The LNG project is on track to achieving first gas by the end of 2016.
Ichthys Financing Finalized
Date: Dec. 2012
Type: Operator Update
Partner's in the Inpex-operated Ichthys Project off Australia have finalized arrangements for $20 billion in loans including those with eight export credit agencies and 24 commercial banks. The arrangement marks the biggest project financing ever arranged in the international financial market. Ichthys finance credit facilities are comprised of direct loans from ECAs, ECA insured commercial loans, commercial loans from 24 commercial banks and senior sponsor loans from Ichthys Project participants. Finalization of financing is a major milestone for the project and was needed to ensure the successful development of Ichthys. Initial production at Ichthys is targeted for the end of 2016. The partners expect the field to produce 8.4 million tons of LNG and 1.6 million tons of LPG per year. Peak production of 100,000 barrels per day of condensate is expected as well.
Technip Wins Another Contract for Ichthys
Date: Sep. 2012
Type: Contract Award
INPEX awarded a contract worth $273 million to Technip for work related to the Ichthys LNG Project in the Browse Basin, Western Australia. Starting immediately, Technip will provide services concerning the preparation and execution of offshore commissioning of the FPSO and central processing facility. Completion of the contract is expected in 4Q 2016 when first gas is scheduled to be delivered. This is the third Ichthys contract awarded to Technip this year. The other two include agreements for engineering and procurement services and for the supply of flexible piping.
Aker Solutions Signs Ichthys SURF Contract
Date: Jul. 2012
Type: Subsea Equipment
Aker Solutions has signed a contract with McDermott for the Ichthys gas-condensate field development. The scope of work includes the engineering, procurement, fabrication and supply of static and dynamic umbilicals, totaling 39 miles (63 kilometers) for the Ichthys LNG project. Key equipment within this contract comprise five dynamic umbilicals, seven static umbilicals, 36 steel tube flying leads, and associated equipment and hardware. The umbilicals and flying leads will be manufactured and delivered by Aker Solutions' facility in Moss, Norway, and supported by the project management, design and engineering teams in Fornebu, Norway. The expected delivery date is 4Q 2014.
Total Increases Ichthys Stake
Date: Jul. 2012
Type: Acreage Acquisition
Total has increased its stake in the Ichthys LNG project to 30 percent through the acquisition of a further 6 percent interest from its partner INPEX. Total commented that the acquisition will not have an impact on any of the LNG offtake agreements that have been arranged.
ShawCor will Provide Services for Ichthys LNG Subsea Equipment
Date: Jun. 2012
Type: Subsea Equipment
ShawCor announced that its pipecoating division, Bredero Shaw, has received a contract to provide pipeline coatings and related products and services for the flowlines and tie-in spools for the Ichthys LNG project. The contract involves coating approximately 148 km of 6-inch to 18-inch diameter pipe that will be protected with three-layer polypropylene anticorrosion coating and Thermotite multi-layer polypropylene insulation. Work will commence during the second quarter of 2013. The company will execute the work at Bredero Shaw's facilities in Kabil, Indonesia and Kuantan, Malaysia.
Technip Pens Ichthys FPSO Services Contract
Date: Jun. 2012
Type: Facility Construction
Technip received a contract to provide services to the Ichthys FPSO, which will be located in the Browse Basin, Western Australia, at a water depth of 820 feet (250 meters). Under the agreement, Technip will provide engineering and procurement assistance for the topside facilities of the 1.2 million barrels storage capacity FPSO to South Korea's Daewoo Shipbuilding & Marine Engineering. The Ichthys LNG project is expected to produce 8.4 million tonnes of LNG, 1.6 million tonnes of liquefied petroleum gas and 100,000 barrels of condensate.
Technip Grabs EPCI Contract for Ichthys Field
Date: Apr. 2012
Type: Subsea Equipment
Inpex awarded Technip a flexible pipe supply lump sum contract for the Ichthys gas field in Australia. This contract is part of the overall subsea umbilical, riser, flowline EPCI contract. The Supply A – production & gas export lines' contract includes: 1.86 miles (3 kilometers) of technologically advanced smooth bore 10-inch-diameter flexible gas export risers, 1.86 miles (3 kilometers) of 12-inch-diameter production risers. The contract is scheduled to be completed in the first semester of 2015. Gas from the Ichthys field will undergo preliminary processing offshore to remove water and extract condensate. The 552 mile (889 kilometer) Ichthys gas export pipeline will transport production from the offshore central processing facility through a subsea pipeline to the onshore liquefied natural gas (LNG) facility to be located at Darwin.
KBR to Commence FEED Work on Ichthys
Date: Feb. 2012
Type: Contract Award
KBR and its joint venture with JGC Corporation and Chiyoda Corporation, the JKC JV, have signed a formal contract for engineering, procurement and construction activities on the Ichthys LNG Project in northern Australia. Work is slated to start immediately. Gas from the Ichthys field in the Browse Basin, approximately 124 miles (200 kilometers) offshore of Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via a 552-mile (889-kilometer) subsea pipeline. The Ichthys Project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.
SBM to Supply Turret, Mooring System for Ichthys FLNG
Date: Feb. 2012
Type: Contract Award
INPEX awarded SBM Offshore a contract to engineer, procure, fabricate and supply a turret and mooring system. This system will be integrated by the client into the Ichthys FPSO and installed offshore NW Australia. The contract also includes assistance during the integration of the turret into the FPSO as well as during installation on the field. Installation is slated to commence in mid-2015.
GE to Supply Equipment for Ichthys LNG
Date: Jan. 2012
Type: Contract Award
GE Oil & Gas will supply rotating equipment, subsea production systems, and connectors for the Ichthys LNG project offshore Australia. GE will provide rotating equipment, including gas turbines and compressors, for a new LNG plant at Blaydin Point, near Darwin, and associated floating production storage and offloading and a central processing facility in the Browse basin. In addition, GE will supply subsea production systems for the offshore portion of the project as well as subsea connectors for the pipeline to Darwin.
McDermott Makes Big Splash with Ichthys Surf Contract
Date: Jan. 2012
Type: Subsea Equipment
Inpex has granted McDermott International a letter of award for the Ichthys gas/condensate field offshore Australia. The surf contract, with a value of $2 billion, is the largest subsea contract McDermott has received to-date. This project includes engineering, procurement, construction, installation and pre-commissioning of production flowline systems, a MEG injection system, plus start-up condensate transfer and fuel gas transfer flowline systems, control systems, as well as other associated SURF elements in water depths of up to 902 feet (275 meters). McDermott will also install mooring systems for the FPSO and central processing facility, as well as, installation engineering for future flowlines, risers and umbilicals. Engineering work has commenced with fabrication slated for 2013. Gas from the Ichthys field, in the Browse Basin approximately 124 miles (200 kilometers) offshore Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via a 552-mile-long (889-kilometer-long) subsea pipeline.
Saipem Scores Gas Pipeline Gig for Ichthys Development
Date: Jan. 2012
Type: Contract Award
Saipem signed an EPCI contract with INPEX for the gas export pipeline on the Ichthys LNG project offshore Australia. Saipem's scope of work will include the engineering, procurement, construction and installation of 889 kilometers of a 42-inch-diameter subsea pipeline, in water depths of up to 902 feet (275 meters). The pipeline will connect the offshore complex to the onshore processing facility in Darwin. Offshore activities will be carried out during 2014 by the newly-built Castorone pipelay vessel. Gas from the field will undergo preliminary processing offshore to remove water and extract condensate. The Ichthys development is located on Block WA-285-P approximately 124 miles (200 kilometers) offshore Western Australia.
Inpex, Total Give Nod to Ichthys Development
Date: Jan. 2012
Type: Status Update
Inpex and Total have greenlighted the Ichthys gas-export development offshore Australia. The $32.5B development is estimated to hold 12.8 Tcf of natural gas. Development plans for Ichthys include several subsea wells tied-back to a central floating offshore processing facility for gas, and an FPSO for condensate. Also, a 528-mile (850-kilometer) subsea pipeline will be constructed to transport the gas to a LNG processing plant in Blaydin Point, Darwin. The project is expected to produce 8.8 million tons (8 million metric tons) of LNG a year, with its first shipment being delivered in 2016.
Clough Limited Secures LOI for Ichthys Development
Date: Aug. 2011
Type: Contract Award
Clough Limited received a Letter of Intent for the provision of Offshore Integrated Project Management Support Services for the Ichthys LNG project offshore Australia. The company said the commencement of work is subject to execution of a binding contract and a Final Investment Decision for the Ichthys LNG project by the joint venture participants, INPEX and Total. The LOI includes overseeing the detailed engineering design, procurement, fabrication, at-shore commissioning, tow to site and offshore hook-up of the Central Processing Facility and floating production, storage and offloading vessel for the project. Full mobilization should commence immediately following FID for the Ichthys project, which is scheduled for 4Q11. INPEX operates the field with a 76% interest while Total holds the remaining interest.
JP Kenny Secures Largest Ever FEED Contract for Ichthys LNG Project
Date: May. 2009
Type: Development Activity
JP Kenny will perform the FEED of the pipeline and umbilicals, risers and flowlines, for the INPEX-operated Ichthys LNG project in Western Australia's Browse basin. The FEED will produce defined solutions for the subsea systems for the 528 mile (850 kilometer) export pipeline. The development plans for the Ichthys field include several subsea wells tied-back to a central floating offshore processing facility for the gas, and an FPSO for the condensate. Also, a 528-mile (850-kilometer) subsea pipeline will be constructed to transport the gas to a LNG processing plant in Blaydin Point, Darwin. The project is expected to produce 8.8 million tons (8 million metric tons) of LNG a year, with its first shipment being delivered in 2014.
Total and INPEX Launch the Offshore FEED for the Ichthys Project
Date: Apr. 2009
Type: Development Activity
Total will launch the FEED for the development of the Ichthys field, located in the Browse Basin approximately 124 miles (200 kilometers) offshore North West Australia. During the FEED, the joint venture will define the production facilities comprising a subsea gas gathering network, a floating central offshore processing facility for the gas, an FPSO for the condensate, and a gas pipeline to Darwin.
Inpex Continues to Develop Ichthys Project Offshore Australia
Date: Mar. 2009
Type: Appraisal Operations
Inpex will continue developing the LNG project, Ichthys, offshore Australia in license WA-285-P. To date, the Company drilled eight exploratory wells, confirming the presence of sufficient reserves for a large-scale gas and condensate project. Currently, Inpex is engaging in feasibility studies including engineering work, field data collection and environmental impact assessments, as well as gas marketing for commercial LNG production.
 
Status History
 
Ichthys FPSO

Under Construction - Jan 2013 to -
Ichthys CPF

Under Construction - 2012 to -
Prospect - Aug 09, 2011 to Jan 12, 2012
Ichthys

Under Development - Jan 13, 2012 to -
Discovery (Appraised) - 2008 to Jan 12, 2012
The project will carry out front-end engineering design (FEED) as the joint venture works towards making a final investment decision in 2009 and delivering its first LNG shipment in 2014 or 2015.
Discovery (Drilled) - 2000 to 2000
Inpex discovered the highly promising Ichthys Gas and Condensate Field in 2000.
 
Project Map Australia
Line Separator
Project Image
Ichthys Field
 
Ichthys Field Detail Map