Woodside Energy Group Ltd · ASX:WDS
Woodside Energy — Woodside Petroleum — Merger or Acquisition (November 2021)
14 slides from Woodside Energy's merger presentation, Nov 22, 2021
Slide 1: Scarborough Development Approved
SCARBOROUGH DEVELOPMENT APPROVED 22 November 2021 www.woodside.com.au investor@woodside.com.au INVESTOR PRESENTATION
Slide 2: Disclaimer and risks
Disclaimer and risks This presentation contains forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable as at the date of this presentation but they may be affected by a vari
Slide 3: Scarborough development approved
Scarborough development approved DEVELOPS WORLD-CLASS RESOURCE PROVIDES LONG-TERM RETURNS SUPPORTS DECARBONISATION 1 2 3 Offshore development of 11.1 Tcf dry gas (100%) Leverages existing infrastructure Utilises Woodside’s core capabilities Enduring value for Woodside shareholders Capital expenditur
Slide 4: Offshore development
OFFSHORE DEVELOPMENT 11.1 Tcf resource size, 100% 5Mtpa Pluto Train 2 Pluto Train 1 225 TJ/day new domestic gas capacity CO2 in reservoir ~0.1 % $5.7 billion offshore component capital cost, 100% $6.3 billion onshore component capital cost, 100% internal rate of return2 >13.5 % Assumes Woodside equi
Slide 5: Scarborough floating production unit and Pluto LNG overview
Pluto LNG Pluto Train 2 Approved Existing Conceptual image, not to scale. Net of non-saleable inerts and upstream fuel and flare. Feedgas equivalent. Scarborough floating production unit Reservoir 11.1 Tcf dry gas (100%)1 1.4 billion boe (2P, Woodside share) Floating production unit OFFSHORE DEVELOP
Slide 6: Optimised and mature offshore development
Conceptual image, not to scale. Dry not-to-exceed weight. Optimised and mature offshore development SCA 01 SCA 02 SCA 03 SCA 04 SCA 05 SCA 06 SCA 07 SCA 08 SCA 09 SCA 10 SCA 11 SCA 12 SCA 13 RFSU wells Post RFSU wells 3 4 2 Wells and reservoir Infrastructure for up to 20 wells 250 mmscf/d per well m
Slide 7: Onshore development utilising existing facilities
Export trunkline Existing Pluto Train 1 Pluto Train 2 Pluto-KGP Interconnector Conceptual image, not to scale. Onshore development utilising existing facilities Approved 1 3 4 Existing plant modifications Power generation, control room and flare integration Storage and loading rundown tie-ins for th
Slide 8: Contributing to a lower-carbon future
Contributing to a lower-carbon future Source: Scarborough Offshore Project Proposal. Dataset includes Barossa, Browse, Gorgon, Ichthys and Prelude. Where a range for reservoir CO2 was disclosed for other reserves, midpoint value taken for the chart. Source: publicly available company information. Sc
Slide 9: Assessing other opportunities to reduce emissions
Assessing other opportunities to reduce emissions Path to net zero includes Scarborough development Emissions reduced through design out Baseline is set as the gross average equity Scope 1 and 2 emissions over 2016-2020 and may be adjusted (up or down) for potential equity changes in producing or sa
Slide 10: Processing and services agreement and equity sale to GIP
Fully termed processing and services agreement (PSA) executed for processing of Scarborough gas through Pluto LNG facilities The PSA allows the Scarborough Joint Venture to access: LNG processing services at a rate of up to 8 Mtpa Domestic gas processing services up to 225 TJ/day Sale and purchase a
Slide 11: Capital cost and integrated schedule
Capital cost and integrated schedule SURF Trunkline FPU Pluto Train 2 Drilling and completions Detail design | procurement | fabrication Detail design | procurement | fabrication | coating | transport Lay | precommission Design | procurement Fabrication | yard commissioning Integration | start-up De
Slide 12: De-risked execution
De-risked execution COST Scope maturity and EPC lump sum provides cost certainty All commodities and labour rise and fall mechanisms agreed 75% of steel pricing expected to be locked in by Q1 2022 CONTRACTING Major execute contracts have been re-validated, incorporating market and commodity pricing
Slide 13: Footnotes and Scarborough development approved
IRR, Woodside cost of supply and payback period assume Woodside equity of 73.5% in Scarborough, 51% in Pluto Train 2 and 90% in Pluto LNG; includes GIP’s additional funding of ~$835m of capital expenditure from the sell-down of Pluto Train 2 and payments due on FID to ExxonMobil and BHP. IRR and pay
Slide 14: Forward-looking statements
Forward-looking statements This announcement contains forward-looking statements. The words ‘anticipate’, ‘believe’, ‘aim’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘target’, ‘plan’, ‘forecast’, ‘project’, ‘schedule’, ‘will’, ‘should’, ‘seek’ and other similar words or expressions are intended to iden
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