Upstream spotlight: Cultivating Unconventional Gas Ian Davies, Managing Director and CEO DUG Australia Conference, Brisbane, 29 July 2015
Agenda Senex overview Market opportunity Surat Basin coal seam gas Exploration, appraisal & development Cooper Basin unconventional gas Exploration Inspections at Senex acreage in the Surat Basin 2 DUG Conference, Brisbane 29 July…
Senex overview A growth focused oil and gas exploration and production company Australian S&P/ASX 200 energy company 30 years operating experience Two operating regions: Cooper-Eromanga and Surat Basins Diversified portfolio of…
Senex overview Extensive acreage position 70,000 square kilometres with majority operatorship Todays focus areas 4 DUG Conference, Brisbane 29 July 2015
Senex overview A material growth pipeline Moving material unconventional gas assets along the maturity curve Surat Basin coal seam gas 2P reserves 83 mmboe OIL Cooper Basin GAS Conventional Oil Cooper Basin MATURITY CURVE…
Market opportunity East coast market remains strong Potential demand from domestic and export customers Unprecedented demand growth from new LNG plants Supply pressures expected to place sustained upward pressure on gas…
Surat Basin Coal seam gas Exploration, appraisal & development 7 DUG Conference, Brisbane 29 July 2015
Surat Basin coal seam gas Why Material long-term supply opportunity in a short market Strong market dynamics Well-located permits de-risk project, with prior development and adjacent infrastructure Scarcity of remaining available…
Western Surat Gas Project Summary Senex permits over 2,000 km2 990 km2 defined as the Western Surat Gas Project area Strategically located, close to existing infrastructure and transmission facilities Early planning work…
Western Surat Gas Project Project credentials Resource Geology relatively well understood with pilots to test reservoir performance Resource Encouraging peer results in neighbouring acreage Market Market Multiple commercialisation…
Western Surat Gas Project Forward plan Achieving an investment decision Assess Select Define FID Execute & Operate Demonstrate feasibility Select best full- Define Deliver (pilot testing) scale development selected concept concept…
Western Surat Gas Project Development approach Targeting low cost field development Manufacturers mindset low cost, repeatability Entry into FEED in FY16 Initial Concept Select study has delivered initial surface facility design and…
Western Surat Gas Project Pilot production testing Enhancing understanding of the reservoir Bring existing pilot locations online during FY16 Data is used confirm development planning assumptions: Drilling (locations, completion…
Seismic survey vehicles as part of the Senex-Origin Energy Joint Venture work program to explore for unconventional gas Cooper Basin Tight gas / basin centred gas / deep coal Exploration 14 DUG Conference, Brisbane 29 July 2015
Cooper Basin unconventional gas Why Material long-term supply opportunity in a short market Significant resource prospectivity Maturity of play in Cooper Strong east coast gas market and Basin Tight technology provides support for…
Cooper Basin unconventional gas Summary Exploring in a proven basin with Origin Energy Joint venture with Origin Energy - a partner with a long history and understanding of the Cooper Basin Permit areas provide exposure to strong…
Cooper Basin unconventional gas Play types Targeting tight gas and basin centred gas plays Tight gas: Structural or stratigraphic Potentially regionally extensive Fracture stimulation required Focus for south area of project…
Cooper Basin unconventional gas Southern play Chasing potential stratigraphic extensions to existing discoveries Allunga Trough play characteristics: Shallower and lower temperature than the Nappamerri Trough Gas, liquids and…
Cooper Basin unconventional gas Northern play Chasing basin centred gas and stratigraphic traps Patchawarra Trough play characteristics: Lower temperature and lower pressure than the Nappamerri Trough Gas, liquids and condensate…
Conclusion Cultivating unconventional gas Surat and Cooper Basins well positioned to meet gas market demand Materiality and scalability of unconventional assets are key Senex assets are well located in proximity to existing…
Questions Image: Senex led the launch of the first night-vision capable helicopter in the Cooper Basin in 2014, supporting workers and community in remote South Australia. 21 DUG Conference, Brisbane 29 July 2015
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