Pilot Energy Limited · ASX:PGY
Pilot Energy — Good Oil & Gas Energy Conference 2022
21 slides from Pilot Energy's conference presentation, Sep 7, 2022
Slide 1: Good Oil & Gas Energy Conference Presentation (ASX announcement)
Pilot Energy Limited ABN 86 115 229 984 1/85 Elizabeth Street Paddington, NSW 2021 E: info@pilotenergy.com.au www.pilotenergy.com.au Announcement to ASX ASX: PGY 7 September 2022 GOOD OIL & GAS ENERGY CONFERENCE PRESENTATION Pilot Energy Limited (ASX:PGY) (Pilot or the Company) is pleased to advise
Slide 2: Delivering the Mid West Clean Energy Project
Delivering the Mid West Clean Energy Project Through Cliff Head Carbon Capture & Storage Good Oil Conference Presentation 7 September 2022 PILOT ENERGY LIMITED ASX:PGY
Slide 3: Compliance statements
Compliance statements Disclaimer Competent Persons Statement This investor presentation has been prepared by Pilot Energy Limited ABN 86 115 229 984 (Pilot or the Company). This announcement contains information on conventional petroleum and carbon storage resources which is based on and fairly Any
Slide 4: Key messages
Key messages • Pilot is focussed on transitioning existing oil & gas operations into clean, low cost energy production & supply • Carbon capture & storage (CCS) is proven, safe and effective means of permanent reduction in GHG emissions • Cliff Head Oil Field is highly suitable for low cost, low ris
Slide 5: Vision
Vision Transform existing assets and infrastructure delivering an integrated cost competitive clean energy solution Western Current Operations Integrated Clean Energy Portfolio Australia Wind / Solar Carbon Capture & Cliff Head Oil Storage (CCS) Field Clean Energy Clean Resource hub H2 / Ammonia & T
Slide 6: Mid West Clean Energy Project
Mid West Clean Energy Project Staged development of blue hydrogen and ammonia production starting with CCS Stage 1 – Carbon Capture & Storage Stage 2 - Blue H2 Production Stage 3 H2 Expansion to Export Ammonia Timing: ~2025 CCS Timing: 2025 - 2027 Timing: 2027 - 2030 • Conversion of Cliff Head Offsh
Slide 7: Cliff Head CCS – Project Overview
Cliff Head CCS – Project Overview Key enabler of low cost clean hydrogen and ammonia production for the Mid West Clean Energy Project • Stage I of the Mid West Clean Energy Project is the development of a carbon capture and storage project located on the Mid West Coast located 270km north of Perth I
Slide 8: Why CCS?
Why CCS? CCS essential to meeting GHG reduction targets and key enabler of lowest cost Clean Hydrogen and Ammonia • Proven technology – 40 mmtpa now operating • Safe – CO2 has been safely and reliably transported since 1972 with zero fatalities over its 50-year history • Permanent - CO2 stored in ap
Slide 9: Global CCS Facilities In Operation
Global CCS Facilities In Operation Cliff Head CCS is a Global Top 10 CO2 Injection Capacity Project Carbon Dioxide Capture Capacity in million metric tons per year, 2021 Shute Creek Gas Processing Plant (United States) 7.0 Century Plant (United States) 5.0 Petrobras Santos Basin Pre-Salt Oil Field C
Slide 10: Cliff Head CCS – Project Development Pathway
Cliff Head CCS – Project Development Pathway Clear staged process to develop Cliff Head CCS Storage Reservoir Preparation Facility Conversion CO2 Injection Operations Expected Prepare Cliff Head Oil Field reservoir for CO2 Conversion of all offshore and onshore Continuous CCS operations Outcomes inj
Slide 11: Cliff Head CCS Social Impact
Cliff Head CCS Social Impact 0.5 35,000 57 million p.a. million tpa p.a. Initial planned annual Cliff Equivalent hectares of Equivalent number Head CCS CO2 agroforestry planting per of tree plantings per sequestration annum(1) annum(2) Sources 1. Source: The FLR Carbon Storage Calculator applies dat
Slide 12: Stage II – Blue Hydrogen
Stage II – Blue Hydrogen Cliff Head CCS will enable cost competitive industrial scale blue hydrogen production Blue hydrogen production with direct/integrated Cliff Head CCS Levelized cost of hydrogen (LCOH) in the range of • Feasibility studies indicate production capacity of 43,000 tpa of blue hyd
Slide 13: Why Blue Hydrogen?
Why Blue Hydrogen? Blue hydrogen is both clean and will be cheaper for the foreseeable future Blue hydrogen Made from natural gas with carbon capture and storage — will be cheaper to produce in Norway for another two decades before being undercut by green hydrogen produced with renewable energy, acc
Slide 14: Mid West Renewables provides growth platform
Mid West Renewables provides growth platform Large cost-competitive renewable energy resources identified in the vicinity of the Mid West Clean Energy Project • Over 18 GW of renewable resource potential in the area identified from feasibility studies Mid West Clean Energy Project Total Identified R
Slide 15: Enabling technology
Enabling technology Unique opportunity to integrate CCS, hydrogen, ammonia and renewables using proprietary 8 Rivers technology 8 Rivers 8RH2 technology • Proven technology which is currently deployed at scale Renewables & Electrolysers H2 • High hydrogen production efficiency while LOX requiring mi
Slide 16: Stage III – Clean Ammonia Production
Stage III – Clean Ammonia Production Ammonia from blue hydrogen is both a low cost and clean energy source and supply vector for hydrogen Clean ammonia emerging as a cost competitive LNG Levelized cost of ammonia (LCOA) in the range of A$370 replacement to A$400 per tonne, leveraging CCS and renewab
Slide 17: Mid West Clean Energy Project – bringing it all together
Mid West Clean Energy Project − bringing it all together Stage II Blue Hydrogen • Hydrogen production integrated with Cliff Head C02 Hub CCS utilising 8 Rivers 8RH2 technology Blue Hydrogen C02 to CSS Production • Ability to accept C02 rich raw gas with ≥97% direct carbon capture of CO2 already at p
Slide 18: Cliff Head CCS Project Video
Cliff Head CCS Project Video 17 Good Oil Conference Presentation | 7 September 2022
Slide 19: Key next steps
Key next steps Over the next 12-months Pilot (as operator) together with JV Partner Triangle Energy will be focused on the activities to deliver the Cliff Head CCS Project Corporate • Analyse & implement feasibility studies • Engagement with prospective project partners Next 12-months aimed at Proje
Slide 20: Key messages
Key messages • Pilot is focussed on transitioning existing oil & gas operations into clean, low cost energy production & supply • Carbon capture & storage (CCS) is proven, safe and effective means of permanent reduction in GHG emissions • Cliff Head Oil Field is highly suitable for low cost, low ris
Slide 21: Contact details
Contact details Pilot Energy Limited Level 1, 85 Elizabeth Street Paddington, NSW 2021 www.pilotenergy.com.au Brad Lingo Tony Strasser Nick Watson Chairman Managing Director Head of Renewables & Commercial blingo@pilotenergy.com.au tstrasser@pilotenergy.com.au nwatson@pilotenergy.com.au 20 Good Oil