Jan. 2013 - 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.

Dec. 2012 - 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.

Sep. 2012 - 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.

Jul. 2012 - 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.

Jul. 2012 - 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.

Jun. 2012 - 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.

Jun. 2012 - 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.

Apr. 2012 - 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.

Feb. 2012 - 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.

Feb. 2012 - 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.

Jan. 2012 - 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.

Jan. 2012 - 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.

Jan. 2012 - 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.

Jan. 2012 - 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.

Aug. 2011 - 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.

May. 2009 - 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.

Apr. 2009 - 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.

Mar. 2009 - 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.