Public Relations Group, Corporate Communications Unit

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

February 16, 2022

INPEX Announces Organizational Changes and

Associated Personnel Changes

TOKYO, JAPAN - INPEX CORPORATION("INPEX") announced today a series of organizational changes and associated personnel appointments at the General Manager level as described below, effective April 1, 2022. The organizational changes and associated personnel appointments are aimed at building a framework to achieve the goals outlined in "INPEX Vision @2022 | INPEX CORPORATION" announced on February 9, 2022.

1. Overview

  1. Reorganization of "Technical Division"
    The current "Operated Projects Support Unit" and "Technical Support Unit" will be restructured into the "Projects Support Unit" and "Technical Lead Unit," respectively, to more flexibly and efficiently utilize technological resources for energy transformation and divert and apply these resources to new business fields.
  2. Reorganization of "Domestic Energy Supply & Marketing Division"
    The current "Strategy Planning & Coordination Unit," "Gas Marketing Unit," "Oil Products Marketing Unit," "Naoetsu Administration Unit" and "Gas Supplying Unit" will be restructured into the "Strategy Planning & Coordination Unit," "Administration Unit," "Supply & Demand Management Unit," "Energy Marketing Unit" and "Pipeline Transportation Unit," respectively, to strengthen the division's business foundation and resilience towards making gas materials and petroleum products cleaner and diversifying energy supply.
  3. Reorganization of "New Ventures &Global Exploration Division"
    The current "Exploration Strategy Unit" and "New Exploration Ventures Unit" will be restructured into the "Exploration Strategy Unit" and "Exploration New Ventures Unit," respectively, to strengthen the division's business execution framework by seamlessly undertaking all steps from strategic technical evaluations to new project acquisitions and business management.

1

  1. Reorganization of "Renewable Energy & New Business Division"
    The current "Renewable Energy Unit" and "Geothermal Unit" will be restructured into the "Commercial Coordination Unit" and "Technical Unit," respectively, to promote the acquisition of new projects and expand the company's renewable energy business as a key component of the five net zero businesses outlined in the medium-term business plan, with a focus on efficient human resources allocation and business execution.

2. Associated personnel changes (effective April 1, 2022)

Name

Previous Title

New Title

Managing Executive Officer

Senior Vice President,

Technical Headquarters

Managing Executive Officer

Hideki Kurimura

General Manager,

Senior Vice President,

Technical Planning & Coordination

Technical Headquarters

Unit

Technical Division

Fellow, Technical Headquarters

Fellow, Technical Headquarters

(Chief Technical Lead, Reservoir

(Chief Technical Lead, CCUS

Tatsuo Shimamoto

Engineering andCCUS

Development, Technical Research

Development, Technical Research

Center)

Center)

General Manager,

General Manager,

Technical Research Center

Takeshi Yoshida

Technical Research Center

Technical Division and

Technical Division

Chief Lead, I-RHEX

General Manager,

General Manager,

Yoshihiko

Technical Planning & Coordination

Operated Projects Support Unit

Kurokawa

Unit

Technical Division

Technical Division

Commercial Coordination Unit

General Manager,

Masato Okuno

Oceania Projects Division

Projects Support Unit

(INPEX Browse, Ltd.)

Technical Division

2

Name

Previous Title

New Title

General Manager,

General Manager,

Takeshi Nakanishi

Technical Support Unit

Technical Lead Unit

Technical Division

Technical Division

Vice President,

Domestic Energy Supply & Marketing

Vice President,

Koichi Ogino

General Manager,

Domestic Energy Supply &

Gas Supplying Unit Domestic Energy

Marketing

Supply & Marketing Division

General Manager,

General Manager,

Strategy Planning & Coordination

New Business Development Unit

Shigeru Tode

Unit

Renewable Energy & New Business

Domestic Energy Supply & Marketing

Division

Division

Deputy General Manager,

General Manager,

Strategy Planning & Coordination

Gas Marketing Unit

Go Yamamoto

Unit

Domestic Energy Supply & Marketing

Domestic Energy Supply &

Division

Marketing Division

Manager, Gas Solutions Group and

General Manager,

General Manager,

Energy Marketing Unit

Yoshihisa Kishimoto

Gas Marketing Unit

Domestic Energy Supply &

Domestic Energy Supply & Marketing

Marketing Division

Division

General Manager,

Domestic Energy Supply &

Tetsuo Sasagawa

Oil Products Marketing Unit

Marketing Division

Domestic Energy Supply & Marketing

(INPEX LOGISTICSJAPAN

Division

CO.,LTD.)1

3

Name

Previous Title

New Title

General Manager,

Naoetsu Administration Unit

Domestic Energy Supply & Marketing

General Manager,

Division and

Planning & Coordination

Kenji Ishii

General Manager,

Administration Unit

Planning & Coordination

Domestic Exploration & Production

Administration Unit

Division

Domestic Exploration & Production

Division

Manager, Administration Group

Strategy Planning & Coordination

Unit

Domestic Energy Supply & Marketing

General Manager,

Division and

Administration Unit

Tomoyuki Isono

Senior Coordinator,

Domestic Energy Supply &

Administration Group

Marketing Division

Planning & Coordination

Administration Unit

Domestic Exploration & Production

Division

Manager, Gas Resources Group

General Manager,

Strategy Planning & Coordination

Supply & Demand Management Unit

Norio Takeda

Unit

Domestic Energy Supply& Marketing

Domestic Energy Supply & Marketing

Division

Division

Manager, Pipeline Asset Group and

General Manager,

Coordinator, Technical Group

Pipeline Transportation Unit

Hirotake Ochiai

Gas Supplying Unit

Domestic Energy Supply& Marketing

Domestic Energy Supply & Marketing

Division

Division

General Manager,

General Manager,

Hiroyuki Matsui

Exploration Strategy Unit

Exploration Strategy Unit

New Ventures & Global Exploration

New Ventures & Global Exploration

Division

Division2

4

Name

Previous Title

New Title

General Manager,

General Manager,

Koji Ochiai

New Exploration Ventures Unit

Exploration New Ventures Unit

New Ventures & Global Exploration

New Ventures & Global Exploration

Division

Division

General Manager,

Toshio Todoroki

New Business Development Unit

Vice President,

Renewable Energy & New Business

Renewable Energy & New Business

Division

General Manager,

General Manager,

Yasutoshi Seki

Geothermal Unit

Commercial Coordination Unit

Renewable Energy & New Business

Renewable Energy & New Business

Division

Division

General Manager,

General Manager,

Yoshiro Konda

Renewable Energy Unit

Technical Unit

Renewable Energy & New Business

Renewable Energy & New Business

Division

Division

  1. Tetsuo Sasagawa is scheduled to assume the role of Director, Executive Vice President of INPEX LOGISTICSJAPANCO., LTD. at the company's meeting of shareholders on March 25, 2022 and will be seconded as of April 1, 2022.
  2. The organization name in English remains unchanged.

About INPEX

INPEX CORPORATION is Japan's largest exploration and production (E&P) company, and is currently involved in projects across multiple continents, including the Ichthys LNG Project in Australia as Operator. Through building a cleaner upstream business and advancing hydrogen and renewables solutions, INPEX aims to become a leading energy company and continue providing a stable and efficient supply of energy to its customers while pioneering energy transformation towards a net zero carbon society by 2050. For more information, visit https://www.inpex.co.jp/english/index.html.

Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233

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Inpex Corporation published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 06:33:04 UTC.