Perth Basin Renaissance Bruce Clement, Managing Director AWE Limited Petroleum Club of WA 8 September 2015
The Perth Basin: Dawn of the WA Gas Industry 3 1964 - Oil from Yardarino No 1 well
Over 50 years in the Perth Basin 1964 - Yardarino discovery (which led on to the nearby Dongara discovery). 2015 Rig at Irwin-1 2014 Drilling at Senecio-3 The Premier, David Brand, the Minister for Mines, Arthur Griffith and Robin…
History of oil and gas success Significant oil and gas fields in the Perth Basin: o Beharra Springs* New image o Cliff Head* o Corybas* o Dongara* o Gingin West* o Hovea o Jingemia o Red Gully* o Redback* o Woodada o Xyris…
Importance of Natural Gas to WA 6
Importance of natural gas to WA WA energy sources WA domestic gas demand by sector 2% 13% 8% supplying 21% 44% 50% 35% 28% Mineral processing / mining Electricity generation Gas Oil Coal Renewables Industrial /…
Benefits of onshore gas industry WA is Australias largest consumer of gas by state, with c.50% of WAs energy requirements consuming gas as a fuel source The onshore domestic gas industry provides far ranging benefits to the State,…
Offshore growth to service export markets 9
Renaissance in the Perth Basin 10
Shale and tight gas exploration 11
Exploration driven by Independents Companies active in the onshore Perth Basin include: AWE Empire Eneabba Gas Key Petroleum Latent Norwest Rey Resources Titan Energy Transerv Active drilling program in 2015: AWE Empire…
AWE in the Perth Basin Extensive acreage position o Approximately 3,482 Km2 (gross) across 11 licences Infrastructure in place o Parmelia pipeline o Dampier to Bunbury pipeline Access to markets and major customers o Good…
Renewed appetite for exploration Wells drilled by AWE and its partners since 2011: Waitsia-2 Irwin-1 Waitsia-1 Senecio-3 Senecio-2 (recompleted) Arrowsmith-2 (pictured) Woodada Deep-1 14
Discovery of a new play Senecio-3 Depth to top of Dongara 2,633m TVDRT Depth to top of Kingia 3,153m TVDRT 15
Waitsia Gas Field S-3 W-1 IRWIN-1 WAITSIA W-2 16
Exploration and appraisal success High Perm Sand Low Perm Sand Shale 10 100+ mD 0.1…
New 2P Reserves and 2C Resources New Perth Basin gross 2P Reserves and 2C Contingent Resources totalling over 700 Bcf: Waitsia Field gross 2P+2C - 484 Bcf (242 Bcf or 43 mmboe net to AWE) Senecio/Synaphea/Irwin gross 2C - 237 Bcf (117…
Eye on the prize Largest onshore Australian conventional discovery for over 30 years Likely to be one of the largest onshore fields by remaining reserves New play has re-invigorated Perth Basin exploration & development Good for WA…
New low cost producer Senecio-3 WA long term domestic gas prices forecast to grow over next 5-10 years Onshore Perth Basin will be the low cost producer o Well serviced by existing infrastructure o Lower cost of onshore drilling…
A part of the community 21
Stakeholder Engagement AWE recognises social licence as an integral part of good business practice Social licence is maintained by demonstrating: compliance within regulatory framework best practice in HSE disclosure and…
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