Woodside Energy Group Ltd · ASX:WDS
Woodside Energy — Woodside Petroleum — Credit Suisse 8th Australian Energy Conference 2021
17 slides from Woodside Energy's conference presentation, Jun 8, 2021
Slide 1: ASX Announcement
ASX Announcement Woodside Petroleum Ltd. ACN 004 898 962 Mia Yellagonga Tuesday, 8 June 2021 11 Mount Street Perth WA 6000 ASX: WPL Australia OTC: WOPEY T +61 8 9348 4000 www.woodside.com.au CREDIT SUISSE ENERGY CONFERENCE PRESENTATION In accordance with the Listing Rules, please see attached announ
Slide 2: Credit Suisse 8th Australian Energy Conference
CREDIT SUISSE 8TH AUSTRALIAN ENERGY CONFERENCE Meg O’Neill | 8 June 2021 www.woodside.com.au investor@woodside.com.au
Slide 3: Disclaimer and important notice
Disclaimer and important notice Disclaimer and risks transportation up to a reference point. For offshore oil projects the reference point is defined as • This presentation contains forward looking statements that are subject to risk factors associated the outlet of the floating production storage a
Slide 4: Unchanged 2021 priorities
OVERVIEW Unchanged 2021 priorities DISCIPLINED BUILD OUR CREATE AND PROTECT VALUE EXPENDITURE SUSTAINABLE FUTURE Achieve targeted 1 2 3 4 Cost and efficiency Deliver Sangomar Deliver value through transformation Scarborough FID Phase 1 the energy transition in H2 2021 Customer focused | Low cost | L
Slide 5: Sustained price recovery
MARKET Sustained price recovery Dated Brent oil price (LHS) 80 Average LNG spot price (JKM, RHS) 18 Woodside average realised price (LHS) 70 16 14 Continuing to see strong oil demand 60 50 12 recovery in 2021 $/MMBtu US$/boe 10 40 45 44 8 Investment and 30 activity levels rising in tandem with 6 32
Slide 6: Transforming operations to maintain low cost
DISCIPLINED EXPENDITURE Transforming operations to maintain low cost How Risk based maintenance • Doing the right maintenance at the right time Why Condition based maintenance • Sensors to generate work orders and permits • Maintain cost competitiveness in a Maintenance planning • Dynamic tools to r
Slide 7: Scarborough: Transformative impact
SCARBOROUGH Transformative impact 1,433 < 7 yr million barrels of Scarborough oil equivalent1 floating payback period3 production unit Pluto platform ~$ 35 Pluto LNG ~ 0.1 % billion net Proposed Pluto CO2 in reservoir cash flow2 Train 2 12% Dampier to 2021 H2 Bunbury > Natural Gas Pipeline internal
Slide 8: Long lead items delivery
SCARBOROUGH Long lead items delivery Floating production unit (FPU) contractor team has ramped up Manufacturing the fifth subsea tree Trunkline bends and buckle arrestors delivered Wellhead testing ROV accessibility checks Xmas tree assembly Credit Suisse 8th Australian Energy Conference 7
Slide 9: Drilling to commence in coming weeks
SANGOMAR Drilling to commence in coming weeks Ocean BlackRhino drillship Halliburton liquid mud plant Sumitomo Yard 1 Halliburton gravel pack pumps Vessels Facilities Logistics Equipment • Drillship scheduled to arrive • Top tier contractors • All contracts executed • Equipment deliveries arriving
Slide 10: FPSO tanker refit progressing
SANGOMAR FPSO tanker refit progressing VLCC Astipal at Dalian shipyard FPSO turret at Penglai Bow removed from VLCC Astipal Ongoing yard progress Procurement activities Team mobilisation • Tanker conversion commenced in • Activities are on-schedule • Team has been mobilised and in- Dalian country •
Slide 11: Resilient international subsea supply chain
SANGOMAR Resilient international subsea supply chain Norway Umbilicals and pipe spooling Denmark Flexibles Germany Subsea control system Pipe manufacturing complete United Kingdom Installation engineering Italy Subsea valves complete Malaysia Xmas trees and wellheads Interface testing (above) Austra
Slide 12: Construction on schedule
PLUTO-KGP INTERCONNECTOR Construction on schedule Executed agreements to process gas from Pluto and Waitsia through KGP Module assembly nearing completion Targeting start-up in 2022 Piping installation, Pluto Piping installation, KGP Scrubber column, Pluto Credit Suisse 8th Australian Energy Confere
Slide 13: Implementing a lower-carbon future
ENERGY TRANSITION Implementing a lower-carbon future EMISSIONS 15% 30% Net zero Hydrogen Ammonia REDUCTION aspiration by NEW ENERGY by 2025 1 by 2030 2 TARGETS 2050 Hynet H2TAS Vote on climate reporting RENEWABLE TRANSPARENCY Burrup solar import at 2022 AGM POWER Screening for CARBON Building a dive
Slide 14: Renewable power integration
ENERGY TRANSITION Renewable power integration Pluto LNG • Proposed import of renewable power • Facility could require approximately 210,000 solar panels • Potential to supply: • 50MW for Pluto LNG • Additional 50MW for the proposed Perdaman urea plant Proposed Proposed transmission Perdaman site cor
Slide 15: Green hydrogen and ammonia
ENERGY TRANSITION Green hydrogen and ammonia • Initial concept for 10MW green hydrogen production • Investigating expanded H2TAS design concept to include green ammonia • Heads of agreement signed with IHI and Marubeni to study green ammonia export • Utilises abundant hydroelectric power in northern
Slide 16: Unchanged 2021 priorities
SUMMARY Unchanged 2021 priorities DISCIPLINED BUILD OUR CREATE AND PROTECT VALUE EXPENDITURE SUSTAINABLE FUTURE Achieve targeted 1 2 3 4 Cost and efficiency Deliver Sangomar Deliver value through transformation Scarborough FID Phase 1 the energy transition in H2 2021 Customer focused | Low cost | Lo
Slide 17: Head Office: Woodside Petroleum Ltd
Head Office: Woodside Petroleum 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.au Woodside Petroleum Ltd ABN 55 004 898 962 woodside.com.au
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