Origin-APLNG Operational Review and Asset Visit David Baldwin, Chief Executive Officer LNG 29 & 30 May 2014
Safety is our first priority LNG TRIFR LNG TRIFR 8 2,500 7.3 7 2,000 6 Recordable Injuries / TRIFR Man Hours (x1,000) 5 1,500 4.7 4 1,000 3 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 - Wellhead - Water treatment - Gas facilities - Flyover of Curtis Island, Gladstone…
Australia Pacific LNG has world leading operators UPSTREAM 71% complete DOWNSTREAM 70% complete Operated by Origin Operated by ConocoPhillips Over 16 years CSG production experience in Over 40 years LNG production experience…
Upstream Project Delivery
APLNG is progressing in line with budget and is on track for first LNG in mid-2015 2,000 Demand demand 1,800 Production 1,600 Demand includes domestic 1,400 contracts, committed ramp Gas Production Rate, TJ/d gas sales…
Upstream Project Goals 1 Health and Safety Zero Harm 2 Environment and Land Honour our Commitments 3 Safe & Operable Production System Automation from central control room 4 Project within schedule and budget On track…
Upstream Project progress - 71% complete and on track at 30 April 2014 Upstream Operated Goals FY2014 Plan Actual Progress to 30 April 2014 First gas and water production from Reedy Q3 Accomplished May 2014 Creek (western area)…
Upstream development land, environmental and stakeholder management is progressing 1200 1000 18 330 397 800 Lease acquisition 600 969 400 766 700 Drilling and completion 200 Gas and water gathering 0 Approvals…
Upstream development implementation Phase 1 operated well progress April 2014 Western Fields Eastern Fields Spring Gully Combabula / Reedy Creek Condabri Talinga / Orana 11
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…
Upstream development implementation - Gathering Progress Update (30 April 2014) 791 drilling lease preps 452 diameter-kilometres of flow lines installed (766 equivalent wells) Installation of cable, gas and water High Density…
Upstream development implementation Gas and Water Facilities All 15 compressor trains and modules in Queensland Construction under way on all gas processing and water treatment facilities First production wells in Condabri Central…
Upstream development implementation - Pipeline Pipeline design features: 360 km 42-inch main trunk line and 160 km lateral pipelines to gas fields with 50 year design life The main pipeline construction is complete including…
Upstream development implementation - Electrification Power available in the East Western region progressing supported by temporary power stations 275kV/132 kV Network Power Stations: Wandoan South to Eurombah Transmission…
Upstream development implementation - Water Eastern water management systems are in place and operating, Produced water connections between Condabri, Talinga, Orana and QGC Kenya facility completed Treated water connection…
Commissioning and Operational Readiness
Well Commissioning Overview 1. Well Commissioning Team resourced to meet 2 well/day capability East/West development split now established with resources in place across both fields. Technical Lead and Delivery Manager roles…
Gas Facilities Commissioning Overview Eastern Region 1. Condabri a) Full commissioning team in place for Train 1 Condabri Central b) 100% of process systems achieved mechanical completion; instrumentation loop testing 97%…
Pipelines Commissioning Overview 1. Pipelines a) Wet commissioning completed on Condabri Talinga water pipeline b) Orana Talinga water pipeline pre-commissioned c) Condabri Talinga high pressure gas pipeline hydrocarbon packed d)…
Operations Readiness Key Focus Areas Current Focus Areas Safe Start Up of Condabri Central with Pre-Start Up Safety Review scheduled end of May Brisbane Control Room ready to commission increasing number of wells and facilities…
Field Performance / Key Exploration & Appraisal Areas of Focus
Origin has over 16 years of CSG production experience APLNG tenure in the Surat and Bowen basins at 30 April 2014 APLNG has prime acreage in both sweet spots in Queensland, with 2P reserves more than sufficient to cover gas…
Looking ahead, APLNG has significant remaining development in high confidence areas with proven success Gilbert Gully followed by development expanding into greenfield areas ( ) 26
Maximum well deliverability considerably higher than current production levels indicate The operated wells to be drilled for Phase 1 are expected to produce around 1,200 TJ/d1, with an additional 200 TJ/d1 from non-operated assets…
Typical Phase 1 Well Forecast Dewatering Stable Production Stage Stage Decline Stage Typical phase 1 well forecast to have: Production Rate peak gas rate 1-2 TJ/d Gas peak water rate 500-1000 bbl/d approx 50-70% of wells…
Spring Gully Production Performance ... gas performance of new Phase 1 wells tracking well Spring Spring Gully Gully Phase Phase 1 1Average Gas RateWell Comparison Performance 1400 Chart shows average performance Actual Gas…
Condabri Production Performance ... gas performance ramping up towards targeted rates Condabri Condabri AverageGas Well Performance Rate Chart shows average performance 900 per well for the online duration of Actual Gas Average…
Condabri Outlook ... water performance lower than Talinga (as expected) but still very productive, expect gas performance to grow with time Condabri field 6 months production Talinga field5 years production Condabri Gas and Water…
Combabula/Reedy Creek ...early water rates are in line with expectations Chart shows water Flow Test Results production rate More Productive observed during Water Rate (bbl/d) tested by completion rig completion operation…
CSG Water Update on Brine Solutions Base case strategy for brine management Going forward, the focus is on the base (outlined in the EIS) is holding brine in case and Brine Injection ponds prior to storage in a mixed salt…
Bowen E&A Northern Bowen programme CY14/15 Multi-well vertical pilots underway. Frac Pilots and Horizontal well pilots planned. Looking forward, Exploration & Appraisal is focused on areas outside the core high confidence…
Surat E&A Exploration programme Upside Deep Conventional Test CY14/15 Walloons Low Perm encouraging pilot results. Frac Condabri South Pilots underway. Prove up reserves & secure tenure as PL 35
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…
A key focus of the sustain phase is optimisation of current Drill Complete Connect costs of approximately 3 million per well Opportunities for reducing Drill Complete Connect costs: Process improvement Contracting strategy…
Extracting scale benefits, utilising new technologies and maximising productivity to drive operating cost reductions As more wells come online expect to realise scale benefits, driving down operating costs, with specific areas of…
Metrics
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 This presentation Downstream liquefaction costs Upstream operating expenditure includes: Upstream well &…
APLNG Reference Information Upstream Sustaining Capital Expenditure Reference Metric Source Upstream sustaining capital Expect around 300 operated wells drilled This presentation expenditure per year in near term Drill, complete,…
Downstream Project Delivery
Curtis Island has been designated as an LNG precinct by the State and Federal governments 46
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…
Optimized Cascade Process 48
Downstream Project progress - 70% complete and on track at 30 April 2014 FY2014 Downstream Operated Goals Actual Progress to 30 April 2014 Plan First cryo modules set Q3 Accomplished: Feb 2014 Last Train 2 refrigeration…
Project Highlights Downstream project is on schedule Engineering is effectively complete with no holds for construction remaining Procurement is in line with plan. All major equipment has now been delivered and set. Minor…
Downstream project current status - Construction LNG TRAINS MARINE FACILITIES Train 1 construction approaching 60% Piling has been completed. The loading arms complete. All equipment has been set. One have been installed module…
Downstream project current status - Construction Train 2 Cold Boxes loaded out for shipment Module 101DA delivered to site 52
Full operations Key data 4.5mmtpa per 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 &…
Curtis Island Site May 2014 Construction Facilities Accommodation Village RO/RO Control & Ramp Utilities Maintenance Ferry & Rock Causeway Train 2 Train 1 MOF Tank B Tank A LNG Jetty 56
Train 1 May 2014 Hot Oil Heater/Incinerator Area Piping Installation Propane Refrigeration Area Setting Candy Cane on Propane Suction Drum 59
Train 2 Area May 2014 60
Train 2 May 2014 Propane Suction Drums Set Compressor Substation being moved into position 61
LNG Tanks May 2014 62
Permanent Buildings May 2014 63
LNG Jetty May 2014 Loading Platform & Trestle Loading Arms installed on Platform 64
Module Yard April / May 2014 Final Train 1 Module (Propane Chiller 101JA) & First Train 2 Module (Sub-Cooler 202 NE) shipped on 22 April Propane Condenser 202ND shipped 13 May 65
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