- CEO
- Takayuki Ueda
- Full Time Employees
- 3,720
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- Akasaka Biz Tower Tokyo TY Japan 107-6332
- IPO Date
- Apr 3, 2006
- Business
- INPEX Corporation (1605.T), Japan's largest oil and natural gas exploration and production company, engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources worldwide; natural gas transportation and pipeline operations; gas, heat, and electricity supply; manufacture and sale of drilling mud conditioners and cement additives; geothermal project development; truck transport; power generation; real estate management, leasing, brokerage, and sales; and contracting for drilling oil, geothermal wells, and large-diameter foundation works. The company operates through key projects in five core areas--Australia, Abu Dhabi, Southeast Asia, Japan, and Europe--including the Ichthys LNG project in Australia, Abadi LNG in Indonesia, Upper Zakum and onshore concession fields in Abu Dhabi, and domestic activities via subsidiary INPEX JAPAN; it also pursues lower-carbon solutions such as hydrogen, ammonia, CCS/CCUS, and renewable energy. Founded in 1966 and headquartered at Akasaka Biz Tower in Tokyo's Minato-ku, INPEX targets energy markets with a focus on stable supply and responsible energy transition, serving gas companies, utilities, and regional consumers across Asia, Oceania, the Middle East, Europe, and North America.
INPEX maintains stable operations at Ichthys LNG, shipping 65 cargoes in the first half of 2025 with segment profit of 139.0 billion yen, while planning a six-week shutdown maintenance in the second half and advancing exploration in surrounding blocks like AC/P66; Ichthys profit contribution is forecasted at about 250 billion yen for full-year 2025.[web:pdf] Abadi LNG entered the front-end engineering and design (FEED) phase in August 2025, targeting final investment decision by 2027 with mid-10% IRR, non-binding letters of intent exceeding planned volumes for Asian local consumption, and parallel financing negotiations favoring equity upstream and loans downstream.[web:pdf] In Abu Dhabi, INPEX agreed to a development plan for Upper Zakum oil field production increase and secured a production concession for onshore Block 4; recent expansions include acquiring five Norway licenses and increasing Ichthys stake from Tokyo Gas in 2024, awarding new exploration blocks in Indonesia (Serpang), Malaysia (SB306A/B, Block 2A), and producing assets from Pandion Energy in Norway.[web:pdf]
Lower-carbon initiatives advanced with a joint venture "Metropolitan CCS, LTD." established in February 2025 for Tokyo-area CCS commercialization, a May consignment contract with JOGMEC for engineering/design aiming CO2 injection by 2030, and Pre-FEED for Australia's Bonaparte CCS; blue hydrogen/ammonia demonstration in Niigata commenced commissioning in June 2025.[web:pdf] Renewable efforts include final investment decision for Muara Laboh geothermal expansion in Indonesia (commercial operations 2027), Potentia Energy's April 2025 acquisition of Australian renewable portfolio, and solar/battery storage FID; power collaborations feature a pact with Hokuriku Electric Power.[web:pdf] Financially, INPEX raised its 2025 profit forecast to 370 billion yen in August (23% above May), targets "Profit Booster 500" with 50 billion yen annual uplift from Ichthys capital reduction and incentives, progressive dividends starting at 90 yen/share, and 80 billion yen share buybacks amid Brent $69/bbl and 147 yen/USD assumptions.[web:pdf]