Pilot Energy Limited · ASX:PGY
Pilot Energy — Australian Carbon Capture, Utilisation & Storage Conference 2022
21 slides from Pilot Energy's conference presentation, Sep 16, 2022
Slide 1: Australian Carbon Capture, Utilisation & Storage Conference Presentation
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 16 September 2022 AUSTRALIAN CARBON CAPTURE, UTILISATION & STORAGE CONFERENCE PRESENTATION Pilot Energy Limited (ASX:PGY) (Pilot or the Co
Slide 2: Putting runs on the board
Putting runs on the board The Cliff Head Carbon Capture & Storage Project The Australian Carbon Capture, Utilisation & Storage Conference Presentation 16 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 • Cliff Head CCS Project is the first stage I of the Mid West Clean Energy Project • Brownfield re-development utilizing existing Cliff Head Oil Field onshore/offshor
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 – Step 1 – Prepare the reservoir
Cliff Head CCS – Step 1 – Prepare the reservoir Clear staged process to develop Cliff Head CCS Storage Reservoir Preparation Expected Prepare reservoir for CO2 Outcomes injection • Creation of at least ~6 million tonnes of CO2 storage capacity within WA-31L • Continued oil production Permitting Exis
Slide 11: Cliff Head CCS – Step 2 – Convert existing facilities
Cliff Head CCS – Step 2 – Convert existing facilities Clear staged process to develop Cliff Head CCS Facility Conversion Expected Conversion of all offshore and onshore facilities Outcomes to commence CCS injection • Prepare existing wells/infrastructure • Install onshore CO2 receiving facilities Pe
Slide 12: Cliff Head CCS – Step 3 – Commence CO2 injection
Cliff Head CCS – Step 3 – Commence CO2 injection Clear staged process to develop Cliff Head CCS CO2 Injection Operations Expected Continuous CCS operations Outcomes • Commence supercritical CO2 injection at a rate of at least 550,000 tpa for at least 15- years Permitting GHG Declaration, CO2 injecti
Slide 13: Direct offshore CO2 receipt
Direct offshore CO2 receipt Creating the opportunity for bi-directional LCO2 CCS storage to Clean Ammonia supply • Existing platform, wells & storage reservoir make Cliff Head CCS ideal for direct offshore LCO2 receipt • Targeting local industrial and international CO2 emitters seeking CCS solutions
Slide 14: 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 15: 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 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 • Engagement with prospective project partners & customers • Formulation of development funding plan Next 12-months ai
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 Australia
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