(INPEX CORPORATION) 1
1. 2004 2. 2005 3. 2
3
2004 4
26 1 2 100% 50% 100% 100% 100% 100% 51% 45% 11 3 141 MI Berau B.V. 44% 19.6% 5
2004 2003 2004 2,188 4,785 938 2,686 947 2,586 347 764 1 *19,612.92 40,255.92 *2004 513 2,597 118.7% 1,747 1,638 417 20,643.00 186.2% 172.9% 119.9% 105.3% 5,000 4,000 3,000 2,000 1,000 0 4,785 3,000 800 1,854 600 2,000 2,188 2,586 400 764 1,500 2,931 1,000 200 347 947 687 0 0 2003 2004 2003 2004 2003 2004 6
ADMAACG 230.2 37.5 5.1 2003 2004 * () 687 2,931 2,243 326.2% ( bbl) 20,560 67,880 47,320 230.2% ($/bbl) 29.03 39.93 10.90 37.5% ( /$) 113.14 107.40 5.74 5.1% * 7
B1.7% 26.6 5.0 2003 2004 *() 1,500 1,854 353 23.6% (cf) 295,465 300,396 4,931 1.7% ($/ cf) 4.28 5.42 1.14 26.6% ( /$) 112.96 107.33 5.63 5.0% *LPG 8
5,500 5,000 4,500 4,000 1,264 252 3,500 3,000 1,585 2,500 4,785 2,000 1,500 1,000 2,188 500 0 2003 2004 9
2003 2004 2,188 4,785 2,597 118.7% 1,057 1,970 913 86.4% 115 24 90 78.6% 76 35.5% 938 2,686 1,747 186.2% 103 27 155 47 107 69.4% 146 1.1% 947 2,586 1,638 172.9% 603 147 1,826 3 4 1 43.4% 347 764 417 119.9% 1 1,222 202.7% 10
2003 2004 155 47 107 69.4% 15 40 24 157.8% 107-107 - 14-14 - 16 6 9 59.4% 146 147 1 1.1% 18 64.3% 29 11-15 15-100 5 95 94.8% - 27 27 - - 28 28-27 40 13 47.9% 11
2003 2004 1,069 2,384 1,314 122.9% 351 682 331 94.2% 1,379 1,386 7 0.5% 2,087 2,396 308 14.8% 812 1,358 67.3% 546 446 415 31 7.1% 5,252 7,792 2,539 48.3% 288 1,229 940 325.4% 1,854 2,097 243 13.1% 328 352 24 7.3% 2,781 4,112 1,331 47.9% 5,252 7,792 2,539 48.3% 12
2003 2004 947 2,586 1,638 172.9% 40 129 89 220.0% 217 76.5% 138 77 61 44.2% 550 383 1,678 166 1,19 1,127 205.0% 72 32 40 55.7% 444 1,312 867 195.1% 89 111 21 24.6% 589 652 62 10.6% 1,502 436 1,065 71.0% 2,181 1,199 981 45.0% 1,511 97 1,413 93.5% 545 1,283 737 135.2% 13
ROACE* ROE** *** **** * ROACE = + + 1 ** ROE = *** = + + **** = 14
2005 15
Brent $/bbl 44.00 34.00 39.00 /US$ 100.00 100.00 100.00 16
17 2,139 2,370 4,785 4,370 2005 2005 2004 2004 330 370 764 590 2005 2005 2004 2004 2004 2005 2005 231(10.8%) 4,370 2,330 2,190 590 30,731.00 165(14.2%) 415( 8.7%) 356( 13.3%) 396( 15.3%) 174( 22.8%) 187(17.0%) 40(12.1%) 1,675.46(9.5%) 9,524.92( 23.7%) 2,370 1,330 1,290 370 19,272.00 2,139 1,165 1,103 330 17,596.54 2004 4,785 2,686 2,586 764 40,255.92
190 185 186.0 187.5 900 850 800 823.0 887.0 5,000 4,000 3,000 4,785 1,854 4,370 1,720 180 175 186.0 187.5 750 700 650 823.0 887.0 2,000 1,000 2,931 2,650 170 2004 2005 600 2004 2005 0 2004 2005 18
1,500 1,176 1,176 1,616 1,500 1,176 1,176 1,616 507 1,000 500 0 1,490 923 1134 252 42 126 2003 2004 2005 1,000 500 0 312 11 424 246 85 852 666 862 2003 2004 2005 19
ADMA 2005 1 /US$ 1 ( 22( 22 8 8 Brent11 2005 20
21
LNG GTL 22
Progress to 2005 2004 2005 B 12 12 JPDA03-12 LPG LNG06 3 LNG JODCO 5 7 ACG 2 BTC ACG 06 13 23
: 2005 LNGLNG LNG 2007 9 LNG LNG 2010LNG 24
: ACG ACG Azeri-Chirag-Gunashili) 2005 21 220061 4 320081 BTC2005 2009100 4 122008 2016120 25
WA-285-P LNG GTL 2010ACG 20052006 3 4 3 26
BOE 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 1,634 1,545 617 626 977 728 617 1,017 561 919 360 167 1,800 1,634 1,600 10.7% 1,400 1,200 41.2% 977 1,000 18.0% 800 728 1.6% 2.5% 600 400 97.5% 80.4% 48.1% 200 0 2003.3 2004.3 2004.3** 2005.3 2003.3 2004.3 2004.3** BOE 1,545 50.2% 2005.3 LPG : * (SEC) 2003 32004 32005 3 DeGolyer & MacNaughton **2003 27
* 4,000 3,500 3,568 ** RP Ratio 3,000 2,500 2,025 2,025 BOE 2,000 1,500 1,000 532 1,545 532 34.4% 537 12.8 29.7 500 1,013 1,013 65.6% 1,008 0 + : * 2005 3 DeGolyer&MacNaughtonSPE/WPC ** 2005 32004 RP Ratio: Reserve Production Ratio 28
* 2004 5,000 4,000 4,124 BOE 3,000 2,000 1,000 0 58% 2,532 2,368 2,229 2,147 20% 53% 35% 42% 80% 47% 65% 1,937 70% 52% 30% 48% 1,754 62% 35% 38% 65% 1,242 1,218 55% 57% 45% 43% Statoil Occidental Anadarko CNOOC BG Apache Uncoal INPEX Talisman Kerr- McGee 1,545 12% 968 917 88% 71% 29% PTTEP Woodside LPG 2004 1,200 1,077 BOE/d 1,000 800 600 400 200 0 33% 67% 567 19% 81% 524 56% 45% 457 449 425 72% 28% 46% 54% 63% 37% 381 353 330 313 84% 16% 45% 55% 42% 58% Statoil Occidental Anadarko BG Apache Uncoal CNOOC Talisman INPEX Kerr- McGee 49% 51% 44% 16% 148 130 56% 84% Woodside PTTEP LPG : * 2004 122005 3PTTEP 2003 12 2004 12 2005 3PTTEP 2003 12 29
* RRR2002-2004 400% 397% 300% 259% 254% 200% 100% 203% 170% 164% 161% 151% 139% 114% 104% 0% INPEX BG Apache CNOOC Anadarko PTTEP Woodside Occidental Talisman Unocal Statoil : * 2004 122005 3PTTEP 2003 12 2004 12 2005 3PTTEP 2003 12 30
31 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 / JPDA JPDA
INPEX 500 450 400 2004 2009 7.5% 473 25% ( BOED) 350 300 250 200 150 169 196 5% 3% 3% 309 39% 3% 330 39% 4% 34% 100 50 97% 92% 58% 57% 41% 0 2002 2003 2003* 2004 2005 2006 2007 2008 2009 : * 2003 ** 2005 392006 332007 30 *** 2004469 BOE 2009648 BOE6.7% 32
2,000 1,932 2,000 1,932 1,500 1,000 500 0 1,616 1,543 1,176 1,765 1,490 1,511 1,134 42 126 166 31 2004 2005() 2006 2007 1,500 1,000 500 0 1,176 424 85 666 2004 1,616 559 1,543 507 455 428 246 420 862 944 666 2005() 2006 2007 33