Origin Australia Pacific LNG Site Tour David Baldwin, Chief Executive Officer LNG 30-31 October 2014
Safety is our first priority LNG TRIFR 7 2,500 6.0 6 2,000 5 Recordable Injuries / TRIFR 4.7 Man Hours (x1,000) 1,500 4 3 1,000 2 500 1 0 Total Man Hours LNG TRIFR (Rolling 12 Months) 3
Operational Review and Asset Visit CONDABRI - Day 1 Site Tour: - Flyover of gas operations - Bus tour Condabri Central construction area - Gas processing facilities - Water treatment facilities - Landowner visit - Flyover of…
Australia Pacific LNG has world leading operators UPSTREAM 85% complete1 DOWNSTREAM 82% complete1 Operated by Origin Operated by ConocoPhillips Over 16 years CSG production experience in Australia Over 40 years LNG production…
APLNG is on track for first LNG in mid-2015... 2,000 Turndown strategies expected to deliver opportunities through the ramp period to maximise value by retaining gas for future LNG sales Train 2 1,500 TJ/Day 1,000…
Project progress - 84% complete at 30 September 2014 bn 27.0 Project costs have been incurred Train 1 Train 2 100% ahead of project activity, with non- 24.0 22.5 operated activity and spend 21.0 21.0 91% incurred ahead of APLNG…
Origin contributed 751 million to APLNG in September 2014 Quarter m 1000 100% In Q1 FY2015, Project capital expenditure has reduced 88% 89% 89% to 75% of Origins 751 million contribution to APLNG. This 86% 85% proportion will…
FIELD PERFORMANCE/ EXPLORATION & APPRAISAL
APLNGs reserves base includes prime acreage in both known and industry accepted sweet spots in Queensland PJ 100% APLNG Reserves and Resources1 20,000 15,000 10,000 5,000 - Estimated Requirements APLNG tenure in the…
Strong reserve increases from recent acreage additions, successful appraisal Increased data density from development drilling improves understanding Successful appraisal to fill in data gaps Accelerated maturation…
Surat & Bowen Exploration & Appraisal Programme CY 15/16 targeting upside potential and application of new technology Bowen Low Perm Horizontal pilots to be drilled in CY2015. Reids Dome. Follow up drilling complete. Excellent…
Maximum well deliverability considerably higher than current production levels indicate given current turndown strategy The operated wells to be drilled for Phase 1 are expected to produce around 1,200 TJ/d1, with an additional 200…
Typical Phase 1 Well Forecast Dewatering Stable Production Stage Decline Stage Typical phase 1 well forecast to Stage have: peak gas rate 1-2 TJ/d Production Rate peak water rate 500-1000 Gas bbl/d approx 50-70% of wells…
Spring Gully Production Performance Gas performance of new Phase 1 wells continues to ramp up Phase 1 Spring Gully Gas and Water Production Spring Gully Phase 1 Production 40000 20000 Uplift due to optimisation with 35000 fixing…
Condabri Production Performance Gas performance of new Phase 1 wells tracking well Condabri - Average Well Performance 1200 Actual Gas Average 1000 Field turndown capability 800 Chart shows average performance per well…
Condabri Outlook As anticipated, well deliverability has increased over the last 6 months Condabri field 6 months production Condabri field 12 months production Condabri Gas and Water Production Condabri Gas and Water Production…
Combabula/Reedy Creek and Orana For those fields with little production data, completion rig flow tests provide an early indication of well performance Flow Test Results More Productive Water Rate (bbl/d) tested by completions…
Non-operated joint ventures progress (QGC-operated) Bellevue (ATP 610) 63 wells put on production* Bellevue CPP (220 TJ/d) 100% complete (ready for start-up and has achieved forward flow) Kenya (ATP 620) 260 wells put on…
Upstream Project Goals Health and Safety 1 Zero Harm Gathering system review underway Environment and Land 2 Honour our Commitments Phase 1 essentially complete Safe & Operable Production System 3 Automation from the central…
Upstream Project progress - 85% complete1 and on track Upstream Operated Goals HY2015 Plan Actual Progress to 30 September 2014 Orana Train 1 mechanical completion Q1 Accomplished Reedy Creek Train 1 mechanical completion Q1…
Upstream development land, environmental and stakeholder management is progressing Phase 1 Operated Drilling (no of wells) 1,200 6 109 Landholder 1,000 agreements 75 800 Drilling and 600 completion 1086 Gas and water…
Upstream development implementation Phase 1 operated well progress - September 2014 Western Fields Eastern Fields Spring Gully Combabula / Reedy Creek Condabri Talinga / Orana 25
Well head technology Key features that enable a wellhead separator to operate under a wide range of operating conditions include the following: 1. Automated Control System includes instrumentation, communication/Telemetry to a…
Upstream development implementation - Gathering 959 drilling lease preps 583 diameter-kilometres of flow lines installed (988 equivalent wells) Installation of cable, gas and water High Density Polyethylene (HDPE) pipe to wells…
Upstream development implementation Gas and Water Facilities All remaining modules in laydown or on site ready for construction Construction of all facilities to support gas production for the start of up LNG Train 1 is complete…
Upstream development implementation - Pipeline Pipeline design features: 360 km 42-inch main trunk line and 160 km lateral pipelines to gas fields The main pipeline construction is complete and commissioned on the mainland First…
Upstream development implementation - Electrification Power operational in the East Western region progressing supported by temporary power stations Western Region Electrification 275kV/132 kV Network Power Stations: Wandoan…
Upstream development implementation - Water Eastern water management systems are in place and operating: - Produced water connections between Condabri, Talinga, Orana and QGC Kenya facility are operational - Treated water…
COMMISSIONING & OPERATIONAL READINESS
Well Commissioning Overview 1. Well Commissioning Team now delivering 70+ wells per month across the development 2. First well commissioned at Reedy Creek in late May 2014, at Orana in early July 2014 and at Combabula in…
Gas and Water Facilities Commissioning Overview Eastern Region 1. Condabri - Condabri Central Train 1 commissioned during June 2014 - Condabri Central Train 2 commissioned in mid October 2014 - Condabri South Train 1…
Pipelines Commissioning Overview 1. Pipelines a) Ruby spur line and Condabri/Talinga pipeline commissioning complete b) Gas received into Main Pipeline South in October 2014 c) Condabri Lateral North commissioning complete and line…
Operations Readiness Key Focus Areas Current Focus Areas Safe Start Up of Orana T1 and Reedy Creek T1 Managing defects impacting production and safety from the Phase 1 project Handover to operations for Condabri Central T1 critical…
SUSTAIN PHASE
Drilling continues in the Walloons and Spring Gully areas through to 2020 Development focused on Walloons and Spring Gully in period to 2020: Moving out from, and infill drilling in, initial development areas 75% of wells in the…
APLNG is targeting a 30% decrease in drill and connect costs through improved execution & design improvements Seeking a significant decrease in drill and Average drill and connect cost / well connect costs through: (m/single…
APLNG is targeting decreases in cost/GJ and increased productivity through application of new well concepts 1 Horizontal wells in Spring Gully deliver increased production/well. Increased drill costs offset by reduced connections…
In addition to operational readiness, the focus is on increasing well availability to drive down costs and increase production efficiency As more wells come online, we aim to realise scale benefits, driving down operating costs, with…
DOWNSTREAM PROJECT DELIVERY
Curtis Island has been designated as an LNG precinct by the State and Federal governments 44
APLNG Downstream Facilities Liquefaction of natural gas is an established technology. The project utilises the Optimised Cascade Technology similar to the Darwin LNG project which has operated since 2006 Two trains of 4.5 mtpa…
Optimised Cascade Process 46
Downstream Project progress 82% complete1 and on track HY2015 Downstream Operated Goals Actual Progress to 30 September 2014 Plan Accomplished: September 2014 Complete loading platform for LNG jetty Q4 FY14 (no consequential…
Project Highlights Downstream project completion at 82% at 30 September 2014 Engineering and Procurement are both 99% complete All materials needed for Train 1 start-up are now available with no impediments to construction…
Downstream project current status - Construction LNG TRAINS MARINE FACILITIES Train 1 construction 77% complete (at 30 All concrete pours are complete. Electrical works September 2014). All modules and major are complete on the…
Construction Pipe and Cable Installation Progressing Hydro testing complete on both LNG Tanks 50
Full operations Key data 4.5 mtpa per LNG train 730TJ/day gas rate per train 30,000m3/day of LNG per train 6 days to fill a Tank when one train running, 3 days to fill a tank when two trains running Ship every 6 days with one…
Train 1 August 2014 Train 1 Pipe connections between Compressor Building and Module 101D (Cryo Coolers) 54
Train 2 Area August 2014 55
Train 2 August 2014 Large-Bore Spools Ready for Pneumatic Testing Setting Module 202NB (Propane Condenser) 56
LNG Tanks August 2014 57
Permanent Buildings August 2014 Train 1 Compressor Control Building, Cable Pulling under Floor 58
LNG Jetty August 2014 59
Module Yard August / September 2014 Shipment of Propane Condenser Module 202NA 9 August Cryo/AGRU Rack 202EA Shipped 19 September 60
Module Yard October 2014 Shipment of Inlet Air Chiller Loose Spools 3 October 2014 Cryo/AGRU Rack (202DB) & Methane/NRU Cold Box Rack (202GA) Sailed away 6 October 2014 61
APPENDIX 1 - METRICS 62
The first full year of earnings and cash flows from both APLNG trains is expected to be FY2017 With the phased start up of Train 1 and Train 2, APLNGs FY2016 financial results will be subject to the following factors: The rate at…
APLNG Reference Information Reference information in respect of the APLNG project and operations Sales Reference Metric Source LNG Train Capacity 9.0 mtpa FID2 Presentation 4 July 2012 Contract LNG Export Volumes 8.6 mtpa FID2…
APLNG Reference Information Operating Expenditure Reference Metric Source Operating expenditure Key components comprise May 2014 site tour presentation Downstream liquefaction costs Upstream operating expenditure includes:…
APLNG Reference Information Upstream Sustaining Capital Expenditure Reference Metric Source Upstream sustaining capital Expect around 300 operated wells drilled per May 2014 site tour presentation expenditure year in near term…
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