Pilot Energy Limited · ASX:PGY
Pilot Energy — Kwinana Major Projects Conference 2023
29 slides from Pilot Energy's conference presentation, Aug 21, 2023
Slide 1: Kwinana to Cliff Head: Seaborne CO2 export and permanent offshore storage
Kwinana to Cliff Head Seaborne CO2 export and permanent offshore storage Kwinana Major Projects Conference 21 August 2023 PILOT ENERGY LIMITED ASX:PGY
Slide 2: 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 CO2 Storage resources which is based on and fairly Any mat
Slide 3: Key messages
Key messages The Cliff Head CO2 Storage Project is the development of a material permanent offshore CO2 storage facility • Pilot is a producing oil and gas company transitioning to supply permanent CO2 storage and clean, low-cost energy • CO2 storage in depleted oil & gas reservoirs is a proven, saf
Slide 4: Corporate Overview
Corporate Overview 4 Kwinana Major Project Conference | 21 August 2023
Slide 5: Vision
Vision Transform existing assets and infrastructure to deliver an integrated cost competitive clean energy solution Western Current Operations Integrated Clean Energy Portfolio Australia Wind Permanent Cliff Head Oil CO2 Storage Field Clean Energy Solar Resource hub & Transition & Transform Existing
Slide 6: Mid West Clean Energy Project
Mid West Clean Energy Project A Clean Ammonia export project with full carbon capture through integrated CO2 storage Carbon Storage* Clean Ammonia Production* Timing: ~2026 Timing: ~2027/2028 • Conversion of Cliff Head Offshore oil field to CCS • Targeting Clean Ammonia production of over 1.2 millio
Slide 7: Corporate Overview
Corporate Overview ASX Code: PGY PGY Shareholder Analysis Capital Structure Issued shares 1,017.7 million Former Royal Energy shareholders 18% PGY share price ~$0.030 (9/08/23) Retail holdings 35% • 52-week range ~$0.010 to $0.032 Board Management 8% Market Capitalisation ~$30 million • 52-week rang
Slide 8: Proven & Experienced Board
Proven & Experienced Board Brad Lingo Tony Strasser Daniel Chen Bruce Gordon Executive Chairman Managing Director Non Executive Director Non Executive Director 30+ years international senior Extensive oil & gas experience 17+ years of international business, Corporate Finance and Corporate Audit exe
Slide 9: Management Team
Management Team Cate Friedlander Nick Watson Jonas Jacobsen Mike Lonergan Company Secretary & General GM Corporate Development Development Director - MWCEP Head of Upstream Counsel Experienced corporate / commercial Over 20 years energy industry 20 years global experience as Michael is a petroleum g
Slide 10: Cliff Head CO2 Storage Project
Cliff Head CO2 Storage Project 10 Kwinana Major Project Conference | 21 August 2023
Slide 11: Cliff Head CO2 Storage Project – Overview
Cliff Head CO2 Storage Project –Overview Low-cost permanent offshore CO2 storage • Brownfield re-development utilizing existing Cliff Head Oil Field onshore/offshore facilities located approximately 90km south of Geraldton / 325km north of Perth • Clear Commonwealth regulatory pathway to conversion
Slide 12: Conversion from oil production to CO2 storage operations
Conversion from oil production to CO2 storage operations June 2025 commence conversion Existing oil operations Install new injection wells Convert existing wells to pressure Convert existing oil pipeline to transport CO2 management Platform upgrades and monitoring CO2 aggregation at Arrowsmith 12 Kw
Slide 13: Conversion from oil production to CO2 storage operations
Conversion from oil production to CO2 storage operations Project to be configure to receive CO2 via an onshore and offshore terminal Commence CO2 Storage operations from 2026 with CO2 source from onshore customers Targeting offshore receipt of CO2 from 2027/28 Project status • Regulatory approval un
Slide 14: Global CCS Facilities In Operation
Global CCS Facilities In Operation* Cliff Head CO2 storage project forecast to be a Global Top 10 CO2 Injection Capacity Project Carbon Dioxide Injection and Storage Capacity in million metric tons per year, 2021 Shute Creek Gas Processing Plant (United States) 7.0 Century Plant (United States) 5.0
Slide 15: Seaborne CO2 Transportation from Kwinana
Seaborne CO2 Transportation from Kwinana 15 Kwinana Major Project Conference | 21 August 2023
Slide 16: Ship transport of CO2
Ship transport of CO2 A flexible, economic transportation solution • Ship transport of CO2 is mature and technically feasible1 • CO2 ship transport has been taking place for 35-years / First dedicated CO2 tanker launched in 19882 • As a flexible option requiring less fixed infrastructure, shipping i
Slide 17: Kwinana Industrial Area CO2 Aggregation Project
Kwinana Industrial Area CO2 Aggregation Project Opportunity to deliver material reduction in CO2 emissions from Western Australia’s major industrial precinct • Kwinana Industrial Area (KIA) is a primary centre of CO2 emissions in Collective emissions of KIC members Scope 1* Western Australia KIC mem
Slide 18: Seaborne CO2 transportation
Seaborne CO2 transportation Pilot has formed alliance with Knutsen NYK Carbon Carriers to provide a seaborne CO2 transportation solution for Kwinana • June 2023 – Pilot entered MOU with Knutsen NYK Carbon Carriers (KNCC) to collaborate on offering an integrated solution for marine transportation and
Slide 19: KNCC LCO2-EP export terminal storage solutions
KNCC LCO2-EP export terminal storage solutions LCO2-EP storage solution is flexible, scalable and suited for deployment both onshore/offshore providing seamless export system 19 Kwinana Major Project Conference | 21 August 2023
Slide 20: Kwinana CO2 export terminal solutions
Kwinana CO2 export terminal solutions Multiple options for providing both onshore and offshore temporary storage and export terminal facilities that can be deployed to support seaborne CO2 exports from Kwinana Industrial Area Concept 1 - CO2 Export Terminal, offshore barge storage utilizing existing
Slide 21: Kwinana CO2 Exports – The journey from Kwinana to Cliff Head
Kwinana CO2 Exports – The journey from Kwinana to Cliff Head A manageable distance with dedicated Jettyless CO2 receiving facilities makes LCO2-EP shuttle tanker operations an attractive transport option Port of Fremantle (Perth) to Port of Geraldton Approximately 190 nm to Cliff Head CCS Project Of
Slide 22: Direct offshore CO2 receipt & storage
Direct offshore CO2 receipt & storage Offshore location of Cliff Head CO2 Storage Facility combined with KNCC LCO2-EP shipping technology provide opportunity for efficient transport and direct CO2 delivery for permanent storage • Existing offshore facilities make Cliff Head CO2 Storage Facility idea
Slide 23: Kwinana to Cliff Head – From CO2 capture to permanent storage
Kwinana to Cliff Head – From CO2 capture to permanent storage Putting it all together - a straight-forward solution opening the door to material CO2 emissions reduction for Kwinana Customer Pilot KNCC Pilot CO2 emission Capture Temporary Shore to ship Marine Permanent source storage loading at trans
Slide 24: Cliff Head CCS Project Video
Cliff Head CCS Project Video Visit the Pilot web page to watch a short video on the Cliff Head CCS Project To watch Cliff Head CCS Project video (7 September 2022) please visit Pilot Energy videos at: https://www.pilotenergy.com.au/videos-webcasts 24 Kwinana Major Project Conference | 21 August 2023
Slide 25: Safeguard Mechanism: Benefits of abatement through CO2 storage
Safeguard Mechanism Benefits of abatement through CO2 storage 25 Kwinana Major Project Conference | 21 August 2023
Slide 26: Safeguard mechanism: business case for emissions reduction
Safeguard mechanism*: business case for emissions reduction Significant revenue potential can flow from investment in abatement versus operating cost from purchasing offsets Safeguard facility emissions reduction abatement vs offset case study** • Safeguard Mechanism Facility Annual Production = 2.2
Slide 27: Next Steps
Next Steps 27 Kwinana Major Project Conference | 21 August 2023
Slide 28: Key next steps
Key next steps Over the next 12-months Pilot will be focused on the activities to deliver the Cliff Head CCS Project Corporate • Engagement with prospective project partners & customers Project implementation Next 12-months aimed at • Cliff Head CO2 Storage Project permitting securing all necessary
Slide 29: Contact Details
Contact Details Pilot Energy Limited Suite 301, 35 Spring Street Bondi Junction, NSW 2022 www.pilotenergy.com.au Brad Lingo Tony Strasser Nick Watson Chairman Managing Director GM Corporate Development blingo@pilotenergy.com.au tstrasser@pilotenergy.com.au nwatson@pilotenergy.com.au 29 Kwinana Major
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