Locals Win Big As INPEX Reaches Halfway Mark

More than 200 Territory-based companies have secured subcontract work on the Ichthys LNG Project as construction reaches the halfway point at Bladin Point.

“The $34 billion Ichthys project has reached a major milestone with construction now 50 per cent complete and it is great to see so many Territory-based companies getting a slice of the INPEX pie,” Chief Minister Adam Giles said.

“To date, 363 lower tier subcontracts have been awarded to 232 NT-based companies by JKC’s first tier subcontractors.

“During the first quarter of this year, JKC have also awarded four major subcontracts which are expected to have significant NT content.

“It’s not only the big firms that are seeing the benefits on INPEX’s presence here with more than 840 purchase orders and subcontracts of under $500,000, awarded by JKC to 228 NT-based firms covering work like catering, printing and even local hardware stores.

“The Territory’s economy is currently experiencing an unprecedented period of growth on the back of Ichthys and the project is on track to achieve first production by the end of 2016.

“This afternoon I will be joining the Darwin INPEX team in a live, global broadcast to commemorate the 50 per cent milestone for the Ichthys project.

“This follows my meeting with the Japanese Prime Minister Shinzo Abe and a top level business delegation in Canberra last week which included Chairman Kuroda from INPEX.

“A key topic for discussion in Canberra was Japan’s need for increasing volumes of LNG and this is something the Territory is well placed to assist with as our relationship with Tokyo goes from strength to strength.

“Since setting up in Darwin in 2012, INPEX has proven its credentials as a good corporate citizen investing almost $700,000 in local community events and charities.

“I was also thrilled to recently open the newly upgraded helipad at Royal Darwin Hospital that has been funded by the Ichthys project. It’s one of many lasting legacies INPEX will leave behind in the Territory.

“I thank INPEX for its contribution to both the Territory’s economy and community so far and wish the project well as it heads into the second half of the construction phase.”

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