Origin Energy Limited · ASX:ORG
Origin Energy — Corporate Update (June 2009)
113 slides from Origin Energy's corporate update, Jun 30, 2009
Slide 1: ASX announcement cover note: presentations
For personal use only To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 30 June 2009 From Bill Hundy Pages 113 Subject PRESENTATIONS Attached for your information are presentations being made by Origin’s senior management to investors and analysts at a visit to Darling
Slide 2: Investor Site Visit: Darling Downs Power Station and Queensland CSG Assets
For personal use only Investor Site Visit Darling Downs Power Station and Queensland CSG Assets 30 June & 1 July 2009
Slide 3: Important Notice
Important Notice This presentation does not constitute investment advice, or an inducement or recommendation to acquire or dispose of any securities in Origin, in any jurisdiction (including the USA). This presentation is for information purposes only, is in a summary form, and does not purport to b
Slide 4: Safety
Safety • Your safety, and the safety of our workforce For personal use only and the communities, in which we operate is of primary importance to Origin • At each site you visit you will be provided with a safety briefing prior to arrival • It is imperative that you follow these safety briefings, and
Slide 5: Investor Site Visit agenda
Investor Site Visit Darling Downs Power Station and Queensland CSG Assets For personal use only Tuesday 30th June Frank Calabria Presentation: Energy Markets Executive General Manager, Energy Markets Andrew Stock Presentation: Major Development Projects Executive General Manager, Major Development P
Slide 6: From hostile bid defence to APLNG transaction
Last year Origin was defending a hostile bid from BG and conducting a CSG monetisation process… As at 31 December 2008 For personal use only Undrawn Available Adjusted Committed Funding (1) (2) (1) Gross Debt Cash Debt Facilities Capacity Source: Origin … the subsequent completion of the APLNG trans
Slide 7: APLNG provides additional channel to market
The APLNG transaction has provided an additional channel to market to accelerate the monetisation of Origin’s extensive CSG position… For personal use only 400 LNG Demand Asia Pac 1,800 Gas Demand by Sector 350 1,600 300 1,400 Gas demand (PJpa) 1,200 250 1,000 mmtpa 200 800 600 150 400 100 200 0 50
Slide 8: APLNG joint venture with ConocoPhillips
Origin’s 50:50 joint venture with ConocoPhillips called APLNG continues to develop its CSG resources with the objective of establishing a new export channel to market APLNG is progressing well For personal use only • $2.3 billion work program to FID underway • IAS submitted and project declared as S
Slide 9: Strategy of fuel integrated generator retailer
The continued growth of Origin is based on our strategy of being a fuel integrated generator retailer For personal use only Origin continues to invest in assets that grow the business, particularly in upstream, generation and eventually LNG 8
Slide 10: Well positioned for growth across the value chain
Origin is well positioned for growth across the value chain in domestic energy markets… For personal use only Fuel Generator Retailer Access to substantial gas Competitive portfolio of existing A leading position in Retail reserves and renewable assets and diversified options with opportunity for gr
Slide 11: Energy Markets
For personal use only Energy Markets Frank Calabria Executive General Manager Energy Markets 30 June 2009
Slide 12: Important Notice
Important Notice This presentation does not constitute investment advice, or an inducement or recommendation to acquire or dispose of any securities in Origin, in any jurisdiction (including the USA). This presentation is for information purposes only, is in a summary form, and does not purport to b
Slide 13: Integrated strategy provides opportunities for growth
Origin’s integrated strategy provides opportunities for growth… Fuel Generator Retailer For personal use only Significant equity and contracted As price volatility and forward A leading retailer and portfolio supports the prices increase, Generation wholesaler of energy with Generation and Retail po
Slide 14: Retail business growth in eastern Australia
Origin has grown the Retail business from 4% of the eastern Australian market in 1998 to over 20% of the market in 2008, with around 2.6 million gas and electricity customers providing scale and geographic diversity… For personal use only Approximate Share of Gas and Electricity Accounts Eastern Aus
Slide 15: Fuel and retail positions provide opportunity to develop generation
Origin’s fuel and retail positions provide the opportunity to For personal use only develop generation… Peak Demand vs Peak Capacity Annual Demand vs Annual Generation • Origin has the ability to satisfy its 7,000 35 electricity requirements from either Annual Demand and Generation Dispatched (TWh)
Slide 16: Renewable energy and carbon policies shape generation investment
Investment in power generation for domestic markets will be largely shaped by renewable energy and carbon emission policies (MRET and CPRS) For personal use only • The expanded Mandatory Renewable Energy Target to 45 TWh by 2020 has a slow start and greater rate of increase in later years • When com
Slide 17: New generation capacity needed in the NEM
While the MRET will drive deployment of renewable generation to meet some of the growing demand for electricity, it is not competitively priced generation for the balance of the market... For personal use only • The NEMMCO 2008 Statement of Opportunities has forecast that new capacity is required in
Slide 18: Gas-fired and renewable portfolio in carbon-constrained environment
Origin’s portfolio of gas-fired power stations and renewable energy projects is well placed to benefit in a carbon- constrained environment… MW Origin's Generation Capacity For personal use only • Addition of Uranquinty and Quarantine 7,000 expansion has more than doubled Origin’s 2,020 generation e
Slide 19: Generation fuelled by gas from Origin equity interests
Origin’s generation portfolio is primarily fuelled by natural gas increasingly sourced from Origin equity interests… For personal use only Gas Available to Domestic Energy Markets By Source By Geography 4,000 150 3,500 3,000 1,150 2,500 Vic Petajoules 2,000 800 27% 1,500 SA Qld 1,000 1,045 6% 67% 50
Slide 20: South West Queensland Pipeline expansion
The expansion of the South West Queensland Pipeline adds to Origin’s transportation options… For personal use only • In June 2009 Origin entered into a conditional agreement with Epic Energy to underpin construction of new capacity on the South West Queensland Pipeline and QSN Link from Wallumbilla
Slide 21: Offshore exploration programme
Origin will continue to focus on growth of its equity gas position, and in the coming year is committed to a significant offshore exploration programme … For personal use only Offshore Otway Basin Woodside, as Operator of offshore Otway Basin permit T/34P has secured the Ocean Patriot semi submersib
Slide 22: Portfolio of renewable energy options
Origin has positioned itself to respond to carbon policies through a portfolio of renewable energy options… MW Origin'sWind Origin’s WindGeneration Generation Portfolio Portfolio 2,600 Wind For personal use only 2,400 • Origin initially invested in wind through third 2,200 parties by underwriting wi
Slide 23: Well positioned for growth across the value chain
Origin is well positioned for growth across the value chain in domestic energy markets For personal use only Fuel Generator Retailer Access to substantial gas Competitive portfolio of existing A leading position in Retail reserves and renewable assets and diversified options with opportunity for gro
Slide 24: Darling Downs Power Station
For personal use only Darling Downs Power Station Origin Investor Visit 30 June 2009
Slide 25: Important Notice
Important Notice This presentation does not constitute investment advice, or an inducement or recommendation to acquire or dispose of any securities in Origin, in any jurisdiction (including the USA). This presentation is for information purposes only, is in a summary form, and does not purport to b
Slide 26: Agenda
Agenda • Major Development Projects Overview For personal use only • MDP Power Development Projects Overview • Darling Downs Power Station Specific 3
Slide 27: Major Development Projects
For personal use only Major Development Projects Andrew Stock Executive General Manager, Major Development Projects
Slide 28: Outstanding safety performance critical for project outcomes
Striving for outstanding safety performance is critical for effective project outcomes For personal use only Aligning to our vision Establishing effective systems & procedures With our contractors demonstrating safety leadership behaviours Upskilling our workforce Striving for outstanding performanc
Slide 29: Capability to deliver large greenfield energy projects
Origin has developed the capability to deliver large greenfield energy projects… 6 Uranquinty For personal use only 5 Mortlake Develop Mortlake Execute Cullerin Range Wind Farm Quarantine 5 Mount Stuart Expansion 4 Darling Downs Develop Darling Downs Execute $A bn 3 Kupe Develop Kupe Execute 2 Origi
Slide 30: Managing rapid build-up across countries and contractors
Managing a rapid build-up across numerous countries, companies, cultures and climates presents its challenges MDP Contractor and Staff Hours For personal use only 600,000 Bilfinger Berger (Aus) & Siemens (Germany) Bilfinger Berger (Aus) & Siemens (Germany) Leightons (Aus) 500,000 & GE (US/France) RE
Slide 31: Global sourcing of major project equipment
As major project equipment and packages sourced globally, we team with contractors with deep procurement and logistics experience For personal use only Sweden Denmark Netherlands Croatia Canada Ireland Germany Hungary Belgium Poland Romania France Czech Republic USA Spain Austria Korea Japan China I
Slide 32: Development cycle for a complex project
The development cycle for a complex project is 6 to 7 years… For personal use only Text Text SITE & Text FINAL Text Text PROJECT TECHNOLOGY INVESTMENT HANDOVER TO OPPORTUNITY TO ADD OPPORTUNITY INITIATION SELECTION DECISION OPERATIONS FURTHER VALUE STATEMENT DECISION DECISION Sample Text Sample Text
Slide 33: Project delivery systems
Project delivery systems built and applied to ensure rigour and consistency across multiple project outcomes Safety & Risk For personal use only Origin systems, Schedule Project Costs Contracts, Procure to Pay Document Records 10
Slide 34: Experienced project and services teams
Experienced project & services teams built to deliver existing For personal use only projects and establish sound foundations for future growth Project Leadership Construction Management Discipline Engineering Commissioning Cost & Schedule Quality Control & Inspection H&S, Risk & Assurance Accountin
Slide 35: MDP Power Development Projects
For personal use only MDP Power Development Projects Rob Neumann General Manager, Power Development
Slide 36: Generation is key part of fuel integrated strategy
Generation is a key part of Origin’s fuel integrated strategy For personal use only Fuel Generator Retailer Access to substantial gas Competitive portfolio of existing A leading position in Retail reserves and renewable assets and diversified options with opportunity for growth resources, with furth
Slide 37: Power developments: current program of $2.6 billion
Power Developments – Rapid construction growth leveraged past experience into a current program of $2.6 billion… Osborne PS 180 MW For personal use only Roma PS 74 MW Bulwer Island Cogen 32 MW Past Projects ('98 - '04) Ladbroke Grove PS 80 MW Quarantine PS 96 MW 462 MW Schedule Budget Uranquinty PS
Slide 38: Uranquinty fully operational; Quarantine expansion
Uranquinty Power Station is now fully operational and contributing to earnings… For personal use only All 4 completed Uranquinty PS turbines New unit at Quarantine PS Uranquinty Power Station Quarantine Power Station Expansion • 640 MW Peaking Plant (4 x 160 MW OCGT) • 120 MW expansion (1 x 120 MW O
Slide 39: Darling Downs progressing; Mortlake commenced
Darling Downs Power Station is progressing well… For personal use only Darling Downs PS Turbine Building steel erection Impression of Mortlake PS once constructed Darling Downs Power Station Mortlake Power Station • 630 MW Base Load plant • 550 MW Peaking plant • Largest CCGT plant in Australia • Si
Slide 40: Portfolio of renewable energy options
Origin has positioned itself to respond to carbon policies through a portfolio of renewable energy options • Origin initially invested in wind through For personal use only third parties by underwriting wind-farm developments by others through long term power purchase agreements • Construction of Or
Slide 41: Darling Downs Power Station
For personal use only Darling Downs Power Station Paul Farnworth Project Director DDPS
Slide 42: Well positioned to exploit CSG and transmission links
Darling Downs Power Station is well positioned to exploit CSG resource For personal use only and major electricity transmission links to Brisbane and New South Wales 19
Slide 43: Darling Downs PS project overview
Darling Downs PS – Project Overview • Project cost of $998m (including gas pipeline) For personal use only • 1.9 million man hours during construction • Approximately 40 PJ/a gas consumption Gas Turbine and HRSG Steam turbine Generator Rotor 20
Slide 44: Technically complex and operationally flexible
Darling Downs Power Station is technically complex and For personal use only operationally flexible… Boiler 1 Boiler 2 Boiler 3 Duct firing Gas Turbine 1 Gas Turbine 2 Gas Turbine 3 Steam Turbine Air Cooled Condenser … with the ability to produce between 90 MW and 630 MW depending upon commercial re
Slide 45: Construction status January 2009
Construction of Darling Downs was well underway in January 2009… For personal use only 275kV Powerlines CCR & Warehouse WTP ST GT2 GT3 ACC GT1 HRSG3 HRSG1 HRSG2 22
Slide 46: All turbines installed by April 2009
… and by April 2009 all turbines had been installed with the project on track for completion For personal use only 23
Slide 47: Questions
For personal use only Questions
Slide 48: Overview of Origin's CSG position
For personal use only Overview of Origin's CSG position Origin Investor Visit Paul Zealand Executive General Manager Upstream Oil & Gas 30 June 2009
Slide 49: Important Notice
Important Notice This presentation does not constitute investment advice, or an inducement or recommendation to acquire or dispose of any securities in Origin, in any jurisdiction (including the USA). This presentation is for information purposes only, is in a summary form, and does not purport to b
Slide 50: Developing gas reserves close to markets
Exploring for and developing gas reserves close to markets has been a key component of Origin’s strategy For personal use only 3
Slide 51: Strong reserves growth through CSG interests
Origin has achieved strong reserves growth primarily through its CSG interests… Origin’s 2P Reserves (1) • Extensive portfolio of gas and oil exploration For personal use only and production interests near key markets in Australia and New Zealand • Leading operator and largest producer of CSG in Aus
Slide 52: Coal seam gas as long term resource
While conventional petroleum has been produced in the Surat and Bowen Basins for over 40 years… CSG resource potential 250+ tcf For personal use only • Coal seam gas - Natural gas (primarily methane) extracted from coal seams - “Adsorbed” on the surface of coal Source: CSIRO, 2007 - Proven, reliable
Slide 53: Surat and Bowen Basins
Surat and Bowen For personal use only Basins Legend All permits 6
Slide 54: Surat and Bowen Basins: APLNG CSG
Surat and Bowen For personal use only Basins Legend All permits Other CSG permits APLNG CSG 7
Slide 55: Surat and Bowen Basins: Origin conventional and CSG
Surat and Bowen For personal use only Basins Legend All permits Other CSG permits APLNG CSG Origin Conventional & CSG 8
Slide 56: APLNG acreage around Spring Gully and Walloons
APLNG acreage is focussed around the Spring Gully and Walloons areas with world-class CSG characteristics… For personal use only APLNG permit Permian Fairways Permian Fairways Permian Permian permeability permeability Sweetspot Sweetspot Permian CSG Permian CSG fields fields Conventional & Conventio
Slide 57: Gas content and permeability of areas
… which is evidenced by the gas content and permeability of these areas Gas Content For personal use only 20 Spring Gully Spring Gully // Fairview Fairview 15 m3/t 10 Walloon North Walloon North (Combabula) (Combabula) 5 0 Roma Shelf Roma Shelf (Uwalla) (Uwalla) Condabri/Talinga Spring Gully Roma Sh
Slide 58: APLNG brings together CSG resource and experience
APLNG brings together Origin’s leading CSG resource position and development experience in Australia… CSG CSG Reserves Reserves and Resources 11 and Resources Total Total Number Number of of CSG CSG Wells Wells Participated In 22 Participated In For personal use only CSG CSG Production Production ––
Slide 59: APLNG CSG crosses most productive areas
APLNG’s CSG crosses the most productive areas of the Surat and Bowen Basins For personal use only • Exploration program has the objective of converting Contingent Resource (2C) to 2P Bowen Basin Bowen Basin reserves • Large Contingent Resource (2C) and 3P reserves position in northern and eastern Wa
Slide 60: Conversion of 2C into 2P: Combabula case study
Reserves and Resources – Conversion of 2C into 2P Case Study – Combabula Combabula - significant appraisal program to add reserves over the next 18 months For personal use only • 2P & 3P reserves based on drilling activity prior to Dec 2008 • Some additional 2C to be converted to reserves Proved and
Slide 61: Rig requirements will increase
Rigs requirements will increase as more wells come on line and some existing wells mature… For personal use only Rig Requirement Summary We are in the process of tendering Type Now 2014 for rig ramp up requirements including US/worldwide suppliers Drilling 3 8 Workover 2 12 … and we believe the acti
Slide 62: APLNG well placed to manage ramp gas
APLNG is well placed to manage ramp gas Key Infrastructure for Ramp up Management • Based on observed field performance and Source: simulation of Spring Gully/Fairview and the Origin data & Encom Undulla Nose, Origin expects that: For personal use only 50% of a fields production can be choked back
Slide 63: Spring Gully development plan: phase update
Development Plan Spring Gully Project Phase 5 Update For personal use only • 60 new wells (all drilled, 41 online) • 220km gas/water gathering lines • Strathblane Gas Plant – 60TJ/d capacity • Taloona Gas Plant – 36TJ/d capacity • 12 ML/d Reverse Osmosis Plant • Irrigation activities • Brings total
Slide 64: Spring Gully Phase 6 and beyond
Development Plan Spring Gully Project Phase 6 and beyond – 180 TJ/d Phase 6 For personal use only • Up to 31 new wells • 40km gas/water gathering lines • Taloona Gas Plant – 60TJ/d capacity • Would take total field capacity up to 180 TJ/d • 30 km high pressure export gas pipeline (Gooimbah) Post Pha
Slide 65: Spring Gully production data and forecast
Development Plan Spring Gully Forecasts and Development – Production Data and Forecast For personal use only Field is currently producing at around 140 TJ/d from 134 wells, with the aim of reaching 200 TJ/d 18
Slide 66: Leading position in water handling
APLNG is in a leading position for water handling… • Initial development of the Spring Gully field utilised water evaporation ponds while investigations into several other water handling For personal use only options were completed • Reverse Osmosis was identified as the best water treatment option
Slide 67: CSG delivery: keys to success
Project Delivery CSG Delivery – Keys to Success For personal use only Robust HSE System 5 Fit for purpose project delivery system 5 Appropriate contracting strategies and alliances 5 Repeatable development templates 5 Strong internal technical capability, including culture 5 Excellent relations with
Slide 68: Investor Visit to Talinga Project
For personal use only Investor Visit to Talinga Project Project Overview 30 June 2009
Slide 69: Talinga Development Project dimensions
Talinga Development Project Dimensions For personal use only • Development supports DDPS & RTA gas contracts Talinga Spring Gully Ph 1-4 90 TJ/d 84 TJ/d • Gas compression plant (90TJ/d expandable to 111 wells 93 wells 180TJ/d) 120kms gathering 150kms gathering • Water treatment plant 30,000 Hp compr
Slide 70: Current site workforce
Current Site Workforce For personal use only Major Companies Max Current Scope Include Personnel Personnel East Coast Pipelines Gathering network and sales gas lines 40 34 Shamrock Civils Pond B Construction 24 11 Fabtech Pond Liners 12 0 Watpac JMS WTF Feed pond and bulk earthworks 27 27 Lanskey Co
Slide 71: Landholder, community, environmental and cultural heritage
Landholder, Community, Environmental & Cultural For personal use only Heritage • Landholder relations team negotiate access and agreements • Community relations and responsibilities are key to our long term participation in the community • Cultural heritage is part of our duty of care to honour and
Slide 72: DDPS Pipeline
DDPS Pipeline For personal use only Wallumbilla to DDPS via Talinga • 205km and potentially up to 400TJ/d to Darling Downs PS • Pipeline installed and commissioned with low pressure gas Origin’s Darling Downs Pipeline 5
Slide 73: PL226 outline
PL226 Outline For personal use only • Full PL226 development: 160+ wells • Current development: 111 wells in the most prospective region • Major infrastructure located on APLNG owned properties 6
Slide 74: Key infrastructure and facilities
Key Infrastructure/Facilities For personal use only Located on APLNG Properties Turinga and Rockwood Turinga Rockwood 7
Slide 75: Typical well arrangements
Typical Well Arrangements For personal use only Pumping Completion Free Flow Completion Well Head Well Head C C C C 1 1 Ground Level Ground Level Ground Level Ground Level 9-5/8" Cemented Surface 80 mRT 80 mRT 9-5/8" Cemented Surface Casing Casing 7" Production Casing 7" Production Casing (Cemented
Slide 76: Wellhead surface facilities
Wellhead Surface Facilities For personal use only Plus: - pump drive Separated Gas - microturbine power pack Discharge - metering Inlet Flow to - telemetry Separator - chemical injection - fuel gas Two Phase Flow from Well Water to Gathering Gas to Network Gathering Network 9
Slide 77: Gathering system
Gathering System For personal use only • All HDPE (Poly) pipe 125mm to 560mm diameter trenched into ground • Relatively low operating pressure (<200kPa) • Approx 120kms pipe to be installed • Small bore pipe is coiled • Large bore pipe in 20m lengths – strung and welded • High point vents and low po
Slide 78: Gas plant detail
Gas Plant Detail For personal use only Stage 2 Screw Flare Compressors Stage 1 Screw Compressors Stage 2 Screw Compressors Plant inlets Recip Power station Compressors & Switchroom Control Room Oil Storage Stage 1 Sales gas meter Wetlands Stage 2 Sales gas meter Construction Status: stage 1 screw pl
Slide 79: Water treatment plant overview
Water Treatment Plant Overview For personal use only • Feed Pond Water Treatment Facility Effluent Pond Construction Status: earthworks well advanced 12
Slide 80: Water treatment plant close-up
Water Treatment Plant Close-up For personal use only Secondary RO Permeate Tank Power•Station (3MW) Primary RO Chemical Handling Microfiltration Effluent Pond Water treatment reduces pondage from 750Ha to 90Ha 13 Change in Government policy has mandated change to lined ponds
Slide 81: Water disposal (permeate)
Water Disposal (Permeate) For personal use only • Raw water usage is relatively limited (eg. Stock watering) • Initial disposal of the permeate will be to the Condamine River to supplement environmental flows • Beneficial use of the water by 3rd parties is at advanced stages of discussion: - Industr
Slide 82: Water disposal (reject)
Water Disposal (Reject) For personal use only • Reject water from water treatment facility is concentrated brine (various chlorides and phosphates) • Will be pumped to long term storage ponds – eg. Ponds B/D • Potential beneficial uses emerging • Possible reinjection strategies under consideration B
Slide 83: Infrastructure: the hidden project
Infrastructure – the hidden project For personal use only Construction requires: Long term operations depend on: - Site offices - Office & admin facilities - Temporary camps (290 beds) - Permanent camp (40 beds) - Communications (temporary) - Communications - Vehicle washdown and weed - Vehicle wash
Slide 84: Site tour safety requirements
Site Tour For personal use only Safety Requirements • Heavy equipment and machinery at all locations on site • PPE - Steel-toed boots, long sleeves, long pants - Vests, hard hats, hearing protection and glasses at door - Travelling around site by bus - Designated stopping and alighting points - Stay
Slide 85: Tour route and features
Tour Route & Features For personal use only 18
Slide 86: Tour route and features
Tour Route & Features For personal use only 19
Slide 87: Tour route and features
Tour Route & Features For personal use only 20
Slide 88: Tour route and features
Tour Route & Features For personal use only 21
Slide 89: Enjoy the visit
For personal use only Enjoy the visit
Slide 90: Comparative geological setting of conventional and CSG resources, Surat/Bowen Basin
For personal use only Comparative geological setting of conventional oil and gas fields and CSG resources in the Surat/Bowen Basin, Queensland Origin Asset Visit, SE Queensland 30 June 2009 R.J. Willink Executive General Manager, Geoscience & Exploration New Ventures
Slide 91: Important Disclaimer
Important Disclaimer For personal use only This presentation does not constitute investment advice, or an inducement or recommendation to acquire or dispose of any securities in Origin, in any jurisdiction (including the USA). This presentation is for information purposes only, is in a summary form,
Slide 92: Purpose of this presentation
Purpose of this presentation, to advise… For personal use only Primarily… • Why conventional oil and gas fields and CSG resources in these basins are located where they are from a structural and stratigraphic perspective. ..and in the process • How the reservoir properties of coals differ from those
Slide 93: Distinguishing attributes: conventional gas reservoirs
Some distinguishing attributes…. For personal use only Conventional Gas Reservoirs • Gas is trapped in the interstitial pore spaces (porosity) between sand (or other clastic) grains and is commonly composed of methane plus lesser amounts of higher molecular weight hydrocarbons including hydrocarbon
Slide 94: Distinguishing attributes: CSG reservoirs
Some distinguishing attributes…. CSG Reservoirs • Gas, mostly methane, is trapped by molecular bonding (adsorption) on the internal surfaces of micropores For personal use only within the coal. • Gas is generated in situ by microbial activity and/or thermogenic processes. Pore size <2 nm (10-9m) • “
Slide 95: Fundamental properties of coals
Some fundamental properties of coals Gas prone Oil prone Key to Macerals Vitrinite (midtones) Inertinite (light) Liptinite (dark) Coal Macerals For personal use only Coal maturation and hydrocarbon generation Biogenic Methane Nitrogen Jurassic-Average coal composition Carbon Dioxide Vitrinite 77% *
Slide 96: Well, seismic and coal coverage in Surat/Bowen Basin
P German Ck Many petroleum wells and coal bores have been drilled and many kilometres of seismic have been P Blackwater acquired in the greater Surat/Bowen For personal use only T Callide Basin, over the last five decades P Moura • Seismic in existing exploration permits Conventional oil/gas and CSG
Slide 97: Structural elements and field location map
Structural Elements & Field Location Map For personal use only Conventional & CSG Denison Trough fields *300 Bcf recovered Permian CSG fields *3P> 8 Tcf Jurassic CSG fields *3P> 22 Tcf Conventional Western Surat fields *500 Bcf recovered Moonie oil field *5 MMbbl recovered *32 MMbbl recovered Study
Slide 98: Petroleum systems on regional seismic line
Key elements of the petroleum systems operative in the Surat/Bowen Basin can be represented on a selected regional seismic line through the basin For personal use only Jurassic Coal Measures Surat Basin Mimosa Syncline Thickening of Jurassic section Moonie- Goondiwindi-Fault Taroom Trough Permian Co
Slide 99: Flattened seismic line to mid Jurassic
This regional seismic line can be “flattened” to show the form of the basin in the mid Jurassic, 160 million years ago For personal use only Absence of section due to uplift erosion Jurassic Coal Measures Surat Basin Thickening of Jurassic section Permian Coal Measures Bowen Basin
Slide 100: Regional well correlation traverse
The stratigraphic relationships between the formations that make up the Surat/Bowen Basins can also be displayed on a regional well correlation traverse West East For personal use only Surat Basin Bowen Basin
Slide 101: Permian coal seams consistent in thickness and distribution
Individual Permian coal seams are remarkably consistent in thickness and regional distribution due to their deposition in “high stands” as ice house conditions ameliorated and sea levels fluctuated • Section width 80km West East For personal use only 500km Ob River - Russia Western Surat Basin/Taroo
Slide 102: Walloon coal seams thinner and harder to correlate
Individual Walloon coal seams are generally thinner and more difficult to correlate regionally, due to their deposition under warmer climatic conditions West East For personal use only Thickening of Walloon section Thickening of net coal thickness Undulla Nose Walloon net coal thickness Net coal thi
Slide 103: Resolving seismic line into petroleum system components
Resolving the seismic line into its petroleum system components For personal use only
Slide 104: Major structural elements
Western Platform Balonne Nose Taroom Trough Undulla Nose Moonie High For personal use only Legend • Major structural elements
Slide 105: Major unconformities
Western Platform Balonne Nose Taroom Trough Undulla Nose Moonie High For personal use only Present Day Base Jurassic Base mid Triassic Legend • Major structural elements • Major unconformities Basement
Slide 106: Coal measures and effective maturity
Western Platform Balonne Nose Taroom Trough Undulla Nose Moonie High For personal use only Present Day Walloon Springbok Moolayember Hutton Base Jurassic Evergreen/Boxvale/Precipice Effective Maturity VR=1 Showgrounds Tinowon Thermal cracking of coals expelling oil & gas Base mid Triassic Bandanna/T
Slide 107: Conventional and CSG discoveries across the section
Emu Apple New Royal Beranga Sth Overston Walloon CSG Fairway (proj) Kincora Myall Creek Bennett Berwyndale/Talinga (proj.) Kogan Ck Tipton Coal Mine Moonie (proj) Western Platform Balonne Nose Taroom Trough Undulla Nose Moonie High For personal use only Present Day Walloon 200-300m 1000m 250-600m Sp
Slide 108: To the north: Fairview and Spring Gully
Fairview To the north…. Spring Gully Scotia Peat Durham Ranch (proj) (proj.) Western Platform Balonne Nose Taroom Trough Undulla Nose Moonie High For personal use only Present Day Deeper erosion of section Moolayember Surface 700-900m 700-800m A A Base Jurassic R Effective Maturity VR=1 S R S Base m
Slide 109: To the far north: Blackwater and Moura
To the far north…. Blackwater Moura CSG Coal Mine (proj.) Moura Coal Mine (proj.) (proj.) Western Platform Balonne Nose Taroom Trough Undulla Nose Moonie High For personal use only Present Day Even deeper erosion of section Base Jurassic Surface Base mid Triassic Bandanna/Tinowon/Baralaba Legend • M
Slide 110: What makes a good CSG producer
What makes a good CSG producer 1. High net effective coal thickness 4. High permeability confined to coal seams For personal use only 2. Laterally extensive coals 5. Shallow depth (low cost to drill) 3. High gas content/saturation 6. Low CO2 content Comparative properties of wells drilled in the CSG
Slide 111: Origin position
Origin Position For personal use only Permian CSG field Origin conventional oil & gas permit Origin CSG permit Permian Fairways Permian permeability Sweetspot Permian CSG fields Conventional & CSG Denison Trough fields Jurassic CSG fields Permeability & net coal Conventional Sweetspot Western Surat
Slide 112: Future of the Surat/Bowen Basin: CSG
What will the future hold for the Surat/Bowen Basin? As LNG projects materialise and existing CSG resources are developed, the driver to secure additional gas reserves for both domestic and export markets will remain strong. For personal use only CSG The existing Walloon and Permian coal measure fai
Slide 113: Future of the Surat/Bowen Basin: conventional
What will the future hold for the Surat/Bowen Basin? ...Continued As LNG projects materialise and existing CSG resources are developed, the driver to secure additional gas reserves for both domestic and export markets will remain strong. For personal use only Conventional Although exploration for co