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Woodside purchases Apache assets – Woodside Petroleum Ltd.

Woodside Petroleum Ltd. · Dec 16, 2014 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 1
    Woodside purchases Apache assets Peter Coleman CEO and Managing Director 16 December 2014 Wheatstone LNG, image courtesy of Chevron Wheatstone LNG, image courtesy of Chevron
  2. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 2
    Transaction overview Delivers value-adding growth while demonstrating disciplined capital management Acquisition Apaches interests in the Wheatstone LNG, Balnaves oil and Kitimat LNG projects for US2.75 billion Earnings Immediately…
  3. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 3
    Acquisition rationale A natural fit for Woodside providing value-enhancing opportunities Why World class asset with 1.16 Mtpa LNG production capacity, first gas targeted from late 20161 Wheatstone Why Immediate oil production…
  4. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 4
    Steps to closing Woodside is targeting transaction close by end Q1 2015 Today End Q1 2015 Approvals Transition Binding SPAs signed Closing Umbrella Sale Agreement, ACCC/FIRB approval Closing is targeted for one SPA for…
  5. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 5
    Strategic rationale Artist impression of the Wheatstone platform Wheatstone LNG, image courtesy of Chevron
  6. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 6
    Reserves growth Delivers reserves uplift of 19% in proved reserves, and 20% in proved plus probable reserves Proved reserves (at 31 Dec 2013) Proved plus probable reserves (at 31 Dec 2013) 2,000 2,000 279 10 1,725 1,500 7 1,436…
  7. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 7
    Production growth The transaction will increase Woodsides LNG production profile 10 Existing and Sanctioned Production 8 Pre-FID projects Potential LNG 6 Browse: 4.7 Growth Tcf dryProjects gas, LNG (Mtpa) 138 MMbbl…
  8. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 8
    Development pipeline Acquisition builds Woodsides development pipeline 2014 2015 2016 2017 1H 2H 1H 2H 1H 2H 1H 2H Browse NWS GWF 1 Persephone GWF 2 Lambert Deep Pluto-Xena Greater Enfield 1 Balnaves2 Wheatstone Kitimat…
  9. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 9
    Capital management Fully funded by existing cash and debt while maintaining our dividend guidance Exploration and committed and sustaining capital Category Description expenditure outlook 1,500 Woodsides near term capital structure…
  10. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 10
    Overview of assets Artist impression of the Wheatstone platform Wheatstone LNG, image courtesy of Chevron
  11. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 11
    Asset overview Complements our existing portfolio Wheatstone Balnaves Kitimat Item Project facilities Julimar-Brunello Downstream Horn River and Liard basins Basin Carnarvon Carnarvon Horn River and Liard Equity 13%2 65%1 65%1…
  12. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 12
    Wheatstone LNG Wheatstone delivers material near-term production and cash flow Gas Field Oil Field Wheatstone LNG project facilities 8.9 Mtpa two-train LNG development (1.16 Mtpa Woodside share) North West Shelf fields 200 TJ/d…
  13. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 13
    Balnaves oil Balnaves delivers immediate production Gas Field Light oil field adjacent to the Brunello gas field in the Carnarvon Oil Field basin North West Shelf Discovered in 2009, with FID taken in 2011 fields Wheatstone…
  14. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 14
    Kitimat LNG Growth option in emerging LNG province Yukon Northwest Kitimat LNG downstream infrastructure Territories Initial capacity of 10 Mtpa1 (5 Mtpa Woodside share) Liard Horn River Horn River and Liard basins upstream gas…
  15. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 15
    Key messages 1 Delivers value-adding growth and demonstrates disciplined capital management 2 Fully funded by existing cash and debt while maintaining our dividend guidance 3 A natural fit for Woodside providing value-enhancing…
  16. Woodside purchases Apache assets – Woodside Petroleum Ltd. – slide 16
    Woodside Contingent Resource Estimate for Kitimat LNG Project Contingent resources are based on SPE-PRMS 1. 1C, 2C and 3C Contingent Resource estimates are based on deterministic development scenarios. 2. All volumes quoted as sales gas…

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