Woodside Energy Group Ltd · ASX:WDS
Woodside Energy — Corporate Update (June 2023)
14 slides from Woodside Energy's corporate update, Jun 20, 2023
Slide 1: Woodside approves investment in Trion development
WOODSIDE APPROVES INVESTMENT IN TRION DEVELOPMENT 20 June 2023 www.woodside.com investor@woodside.com
Slide 2: Disclaimer, important notes and assumptions
Disclaimer, important notes and assumptions Information risks, uncertainties, assumptions and other factors, many of which are beyond the control of Woodside, its related bodies • This presentation has been prepared by Woodside Energy Group Ltd (“Woodside”). corporate and their respective Beneficiar
Slide 3: Disclaimer, important notes and assumptions (continued)
Disclaimer, important notes and assumptions (continued) Additional information for US investors concerning resource estimates Contingent Resources. • The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, 5. Woodside reports its petro
Slide 4: Woodside approves investment in Trion development
Woodside approves investment in Trion development LARGE, HIGH- MATURE DISCIPLINED CLIMATE CONFIDENCE QUALITY DEVELOPMENT INVESTMENT STRATEGY INVESTING IN RESOURCE MEXICO Large conventional Well-characterised Exceeds capital Woodside net equity Aligned joint-venture resource; targeting subsurface and
Slide 5: Key project information
Key project information 100,000 floating production barrels per day unit semi capacity -submersible >16% internal rate of return and 950,000 barrels floating storage capacity <four-year payback period4,5 DEVELOPMENT 24 development development wells, in phased AND RESOURCE growth Balance opportunitie
Slide 6: Mature development concept
Mature development concept 1 Floating production unit (FPU) • 100 kbbl/d oil, flexible to 120 kbbl/d during plateau • 145 MMscf/d gas, 100% gas injection capability at 415 bara • 140 kbbl/d seawater treatment and injection • ~60 MW power generation • ~24,700t hull and ~19,700t topsides1 2 Floating s
Slide 7: Confidence in development plan, cost and execution
Confidence in development plan, cost and execution Structure map High-quality seismic supplemented with ocean bottom node seismic Six well penetrations, dispersed across field MATURE >210m of core acquired and analysed DEVELOPMENT Facilities FEED complete following 30 months of engineering, CONCEPT
Slide 8: Capital cost and integrated schedule
Capital cost and integrated schedule Indicative annual capital expenditure, Woodside share 1 Forecast capital cost of US$7.2B (100%); US$4.8B Woodside share1 billion 0.5 $ Targeting first Peak spend 2025 oil 2028 0 2023 2024 2025 2026 2027 2028 2029 2030 2031 Indicative schedule FPU Engineering | pr
Slide 9: Final investment decision considered climate-related factors
Final investment decision considered climate-related factors Climate considerations Expected >16% IRR and <four-year payback period, exceeding capital allocation framework targets1 1 Investment attractiveness Expected all-in breakeven of <US$50/bbl (<US$43/bbl excluding capital carry) Woodside’s eco
Slide 10: Global oil demand through the energy transition
Global oil demand through the energy transition Oil supply demand chart1 Legend2 IEA STEPS IPCC C1 (1.5°C) IEA APS interquartile IEA NZE range IPCC C1 (1.5°C) Interquartile Range Supply with investment Demand for oil expected to continue across a range of in existing fields climate scenarios Supply
Slide 11: 37% reduction in forecast emissions intensity achieved through design
37% reduction in forecast emissions intensity achieved through design Estimated emissions intensity for Trion1 kgCO2-e/boe 20 4.5 15 3.2 10 19.4 Focus on design out and operate out has reduced expected Trion carbon intensity to 11.8 kgCO -e/boe 5 11.8 2 over life of field 0 Without initiatives desig
Slide 12: Investing in Mexico
Investing in Mexico Long history of oil and gas in country Trion is aligned with country ambition to grow production GOVERNMENT AND REGULATORY >US$10 billion in cumulative taxes and royalties to Mexico (100%)1 Field development plan is the key regulatory approval; to be submitted after joint venture
Slide 13: Glossary
Glossary MMscf Million standard cubic feet per day MW Megawatt Net equity Scope 1 and 2 Woodside’s equity share of net Scope 1 and 2 greenhouse gas emissions $, $m, $B US dollar unless otherwise stated, millions of dollars, billions of dollars greenhouse gas emissions A$, AUD Australian dollar Net z
Slide 14: Head Office: Woodside Energy Group Ltd
Head Office: Woodside Energy Group Ltd Mia Yellagonga 11 Mount Street Perth WA 6000 Postal Address: GPO Box D188 Perth WA 6840 Australia T: +61 8 9348 4000 F: +61 8 9214 2777 E: companyinfo@woodside.com Woodside Energy Group Ltd ABN 55 004 898 962 woodside.com 14