Project overview Integrated LNG project on track for first LNG in 2015 Location Queensland, Australia Santos (30% and operator), PETRONAS, Total and Project partners KOGAS Drilling 800 CSG wells over 2011-15, in addition to…
Safety performance Over 68 million hours worked since FID, including 17 million hours worked to date in 2014 2014 YTD lost time injury (LTI) frequency rate 0.35 per million hours worked Recent milestones for the workforce…
Project progress Strong construction progress across the integrated project in 2014 Gas LNG plant and Gas supply transmission port pipeline Over 560 wells drilled since FID Marine crossing tunnel is All 82 Train 1 modules…
Upstream Fairview Hub 05
Fairview well performance Performance of Fairview wells continues to exceed expectations average gas capacity of 2.2 TJ/day per well Reservoir performance better Fairview well performance as at 31 May 2014 183 wells connected than…
Fairview field performance Deliverability of existing wells continues to exceed expectations and well performance demonstrates high turn down ratios Fairview 118 well - actual production Large number of free flow Gas Water gas wells…
Roma well performance Roma wells online and dewatering, supporting individual well capacity of 0.5 TJ/day 52 development wells online: Roma well performance as at 31 May 2014 22 development wells that are dewatering into the Roma…
Drilling and completions Continuing to drive down well costs Over 560 wells drilled since FID Over 30% reduction in drilling and completion costs per well since FID Average 2013 D&C cost of 1.35 million per development well (30%…
Upstream infrastructure Integrated upstream development with connections to APLNG and QCLNG Wallumbilla 11 GLNG INVESTOR VISIT - JUNE 2014
Upstream construction Hub construction is nearing completion 160 TJ/day gross gas capacity Fairview Hub 5 4 ML/day water handling facilities Commissioning is underway 250 TJ/day gross gas capacity 20 ML/day water handling…
Fairview Hub 5 Hub 5 has been handed over to the commissioning 160 TJ/day capacity team, focus is on commissioning the GTAs, GTCs and nodal compressors Fairview Hub 5 160 TJ/day gross gas capacity and 4 ML/day water handling…
Fairview Hub 4 Hub 4 construction is 98% complete, with 250 TJ/day capacity commissioning to commence in the coming weeks Fairview Hub 4 250 TJ/day gross gas capacity and 20 ML/day water handling facilities 14 GLNG INVESTOR VISIT -…
Roma Hub 2 Hub 2 construction is 97% complete focus on 145 TJ/day capacity handover of sub-systems for commissioning Roma Hub 2 145 TJ/day gross gas capacity and 10 ML/day water handling facilities 15 GLNG INVESTOR VISIT - JUNE 2014
Pipeline compressor Construction of the pipeline compressor station is station (PCS) complete and commissioning has commenced Connection point to the gas transmission pipeline to Gladstone PCS is the collection point for all of…
Roma underground RUGS provides significant gas storage capacity storage (RUGS) adjacent to the Wallumbilla gas hub Gas storage in three depleted conventional Roma gas fields: Pleasant Hills, Grafton Range and Pickanjinnie 7…
Incremental gas supply Investing in incremental field development and and infrastructure infrastructure projects In addition to the project scope approved at FID, the following projects have been sanctioned: Fairview Eastern Flank…
Fairview Eastern Flank Brownfield development that utilises the existing capacity at Fairview Hub 4 Sanctioned in November 2013 Comprises the development of 2P reserves in the Bandanna coals along the eastern flank of the Fairview…
Fairview Infill Drilling of infill wells in the core Fairview area, which will result in 1-kilometre well spacing across the current development area Sanctioned in December 2013 Brownfield development - will use the existing…
Roma West Phase 2A Incremental Roma field development Sanctioned in June 2014 Development includes: Drilling, completion and connection of 88 wells Completion and connection of 6 pilot wells Approximately 100 kilometres of gas…
CRWP Loop Construction of 120-kilometre CRWP Loop more than 40% complete Sanctioned in April 2013 Comet Ridge to Wallumbilla pipeline (CRWP) looping will increase the capacity of the existing pipeline to 910 TJ/day Follows the…
Capital expenditure and US18.5 billion1 capex from FID to the end of 2015 opex guidance 2016-20 average capex estimate A1 billion pa Vast majority of 2016-20 expenditure is the upstream, and Capital expenditure estimate includes: FID…
Third party gas supply Third party gas generates significant value for the project Attractive oil-linked Supplier Quantity TJ/day Starts Term Delivery point Price basis gross margins Santos portfolio 750 PJ 140 2015 15 years…
Produced water Our aim is to maximise re-use of produced water Uses of Roma produced water Uses of Fairview produced water Irrigation 45% Irrigation 10% 5% Managed aquifer recharge Release to Dawson 7% 50% River 3% Brine…
Economic benefits and We strive to be a valued and respected member of the community investments local communities which host our activities 8.9 billion worth of work to businesses across Australia, including 5.1 billion to…
Gas transmission pipeline Pipeline push through the marine crossing tunnel
Gas Transmission Pipeline Hydrotesting and de-watering complete, final drying in progress 42 inch diameter 420-kilometre pipeline Strong progress as pipeline draws to completion: All of the 420-kilometre pipeline is in the…
Interconnect with The Mt Larcom interconnect has been completed and QGC pipeline pre-commissioned, and construction is complete on the Curtis Island interconnect Allows for one trains volume of gas to flow from one project to the…
Pipeline commissioning Commissioning of the pipeline is planned to and operations commence in Q3 2014 Commissioning team in place Operations Day-to-day control from Brisbane Operations Centre Team in place who will participate…
LNG plant and port Overhead view of GLNG LNG plant, 30 May 2014
Curtis Island workforce Focused on construction completion Approximately 3,400 people currently working on the GLNG plant and port GLNG camp accommodation for 1,680 people on Curtis Island Operational workforce of 160…
GLNG plant site, Curtis Two-train LNG plant with a nameplate capacity of Island 7.8 mtpa GLNG plant site, May 2014 Utilities Area Includes Central Control Camp Building Accommodation 1,680 beds Gas Inlet and Refrigerant…
LNG Train 1 All 82 Train 1 modules set, work continues on cable pulling and piping hook-up LNG Train 1, May 2014 34 GLNG INVESTOR VISIT - JUNE 2014
LNG Train 2 11 of 29 Train 2 modules set, 7 modules in transit to site and 11 under assembly in Batangas LNG Train 2, May 2014 35 GLNG INVESTOR VISIT - JUNE 2014
Outside Battery Limits Train 1 utilities area construction substantially Utilities Area complete and Train 2 utilities well underway OSBL Utilities Area, May 2014 36 GLNG INVESTOR VISIT - JUNE 2014
LNG tanks LNG tanks progressing well hydrostatic testing of first tank planned for early July LNG Tank B (foreground) and Tank A (background) with combined capacity of 280,000 m 3, May 2014 37 GLNG INVESTOR VISIT - JUNE 2014
LNG loading jetty Over 95% complete with the installation of quick release mooring hooks, capstans, fenders, vessel access gangway tower and loading arms completed LNG jetty, 360 metres long and suitable for ships with capacity up to…
Commissioning and Teams recruited and commissioning plans in place operations Integrated Bechtel/GLNG commissioning and start-up team mobilising on site LNG plant commissioning team includes GLNG operators Experienced GLNG…
GLNG Significant milestones achieved over last 12 months; GLNG remains on track for first LNG in 2015 Milestone Date Marine crossing tunnelling commenced April 2013 First LNG tank roof raise completed June 2013 Second LNG tank…
Reference slides Voyage 24, carrying four modules, leaving Batangas for Curtis Island. The module yard team has now despatched 18 of 29 Train 2 modules and 100 of 111 modules overall.
Curtis Island, 31 May 2014 APLNG QCLNG GLNG 42 GLNG INVESTOR VISIT - JUNE 2014
GLNG capex summary FID to Dec 2013 Capex estimate from FID 2013 capex capex until the end of 2015 billion A1 A1 US2 A3 LNG project capex (100%) 5.7 13.7 18.5 20.7 Santos 30% share 1.7 4.1 5.6 6.2 Non-LNG project capex (Santos…
Contact information Head Office Adelaide Andrew Nairn Ground Floor, Santos Centre Group Executive Investor Relations 60 Flinders Street Direct: + 61 8 8116 5314 Adelaide, South Australia 5000 Email: andrew.nairnsantos.com GPO Box…