Woodside Energy Group Ltd · ASX:WDS
Woodside Energy — Investor Day (November 2023)
84 slides from Woodside Energy's investor day presentation, Nov 8, 2023
Slide 1: Investor Briefing Day 2023
INVESTOR BRIEFING DAY 2023 8 November 2023 www.woodside.com investor@woodside.com
Slide 2: Welcome
WELCOME Matthew Turnbull Vice President Investor Relations
Slide 3: Disclaimer, important notes and assumptions
Disclaimer, important notes and assumptions Information capacity and investments in, and development of, renewables projects, expectations and guidance with respect to production, investment expenditure and gas hub exposure, and expectations regarding the achievement of Woodside’s • This presentatio
Slide 4: Disclaimer, important notes and assumptions (continued)
Disclaimer, important notes and assumptions (continued) Notes to petroleum resource estimates (continued) and support Woodside’s current position in relation to these opportunities, or such commercial arrangements and regulatory approvals will be obtained. Additional assumptions relevant to particul
Slide 5: Evacuation route
Evacuation route Follow directions of emergency wardens Do not use lifts Leave by the nearest fire exit stairs Evacuate to an assembly point, north of Crown Sydney at the Barangaroo Reserve, or south of Crown Sydney at the Barangaroo Wharf Promenade 5
Slide 6: Introduction and welcome
Introduction and welcome Overview Meg O’Neil, lCEO and Managing Director Graham Tiver, CFO and Executive Vice President Finance Marketing and trading Mark Abbotsford, Executive Vice President Marketing and Trading Projects Matthew Ridolfi, Executive Vice President Projects Shiva McMahon, Executive V
Slide 7: Overview
OVERVIEW Meg O’Neill Chief Executive Officer and Managing Director
Slide 8: Thrive through the energy transition
Thrive through the energy transition 1 2 3 PROVIDE ENERGY FOR CREATE AND RETURN CONDUCT OUR BUSINESS FUTURE DEMAND VALUE SUSTAINABLY OPTIMISE VALUE AND SHAREHOLDER RETURNS 8
Slide 9: Providing the energy the world needs
Energy Sustainable Value demand business Providing the energy the world needs Energy supply Energy demand Affordable Population Required for equitable and stable Expected to increase by ~2 billion 1 energy transition by 2050 HEATING/ DEVICES LIGHTS COOLING GDP Reliable 2 Expected to almost double by
Slide 10: Oil and gas demand resilient for decades
Energy Sustainable Value demand business Oil and gas demand resilient for decades 1 Asia Pacific - primary energy demand (mtoe) 1 North America - primary energy demand (mtoe) 8,000 8,000 4,000 4,000 0 0 2023 2030 2040 2050 2023 2030 2040 2050 1 1 Europe - primary energy demand (mtoe) Rest of world -
Slide 11: Investment needed to meet future gas and oil demand
Energy Sustainable Value demand business Investment needed to meet future gas and oil demand 1 1 Global gas demand and supply (Mtpa) Global oil demand and supply (MMbbl/d) 5,000 120 100 4,000 80 3,000 60 2,000 40 1,000 20 0 0 2023 2030 2040 2050 2023 2030 2040 2050 2 2 2 2 3 Onstream supply Under de
Slide 12: Positioning for success in growing hydrogen and CCS markets
Energy Sustainable Value demand business Positioning for success in growing hydrogen and CCS markets 1 Low carbon hydrogen demand outlook (Mtpa) 225 Other 150 Steel Power Policy maturing in key markets 75 Transport Ammonia 0 US Inflation Reduction Act is a global catalyst 2023 2030 2040 2050 2,3 CCS
Slide 13: High-performing global business
Energy Sustainable Value demand business High-performing global business SAFE LOW COST HIGH MARGIN Refocusing on safety Portfolio cash flow breakeven ~80% cash margin 2 3 fundamentals oil price of ~$32/bbl maintained for last 5 years RELIABLE VALUE FOCUSED LOWER CARBON Outstanding LNG facility Devel
Slide 14: Executing major projects to deliver future value
Energy Sustainable Value demand business Executing major projects to deliver future value 1 Production profile with sanctioned projects (MMboe) Potential future growth projects, 225 GAS tiebacks, inorganic Trion Scarborough Sangomar and new energy opportunities ▪ Scarborough providing lower carbon,
Slide 15: Portfolio of quality investment opportunities
Energy Sustainable Value demand business Portfolio of quality investment opportunities Oil Gas New energy Exploration Inorganic and organic opportunities North America & Caribbean Gulf of Mexico tiebacks Scaling opportunities with market LNG Africa demand Liard Senegal Calypso Integrated carbon Asia
Slide 16: Disciplined capital allocation
Energy Sustainable Value demand business Disciplined capital allocation OIL GAS NEW ENERGY OFFSHORE PIPELINE LNG DIVERSIFIED Generate high returns to fund New energy products and lower Leveraging infrastructure to monetise undeveloped diversified growth, focusing on carbon services to reduce custome
Slide 17: Ongoing commitment to shareholder returns
Energy Sustainable Value demand business Ongoing commitment to shareholder returns Dividends paid 300 100% 92% 81% 81% 80% 80% Dividend payout ratio (% of underlying NPAT) 75% 200 Balance sheet positioned to deliver growth and returns 144 50% $6.3 billion returned since merger completion Final divid
Slide 18: Pathway to net zero aspiration by 2050
Energy Sustainable 1 Value demand business Pathway to net zero aspiration by 2050 2 Indicative Scope 1 and 2 emissions profile (annual average, Mtpa CO -e) 2 8 1 2016-2020 baseline 6 Progressing ~28 million tonnes cumulative design out and operate out Scope 1 and 2 emissions reductions 4 Design out
Slide 19: Prioritising largest emission sources using lowest cost of abatement
Energy Sustainable Value demand business Prioritising largest emission sources using lowest cost of abatement Abatement options for typical Marginal Scope 1 and 2 abatement cost curve 1 LNG emissions sources Carbon 2 Large scale abatement | Creating options price (US$/t) ▪ Exploring technology with
Slide 20: The investment case – a global energy supplier
The investment case – a global energy supplier DISCIPLINED CAPITAL POSITIONED FOR THE HIGH QUALITY MANAGEMENT ENERGY TRANSITION PORTFOLIO Resilient cash flow Advantaged locations and markets On track to deliver net emissions 1 reduction targets Committed to shareholder returns Conventional asset bas
Slide 21: Finance
FINANCE Graham Tiver Chief Financial Officer and Executive Vice President
Slide 22: Disciplined capital management
Disciplined capital management 1 2 3 EXECUTING MAJOR RESILIENT THROUGH THE SUPPORTING DIVIDENDS CAPITAL INVESTMENT PRICE CYCLE AND GROWTH Special dividends Safe, Dividend Strong reliable and Investment policy balance Share buy-backs low cost expenditure (minimum 50% sheet payout ratio) operations Ex
Slide 23: Executing major capital projects delivering future cash flows
Executing major capital projects delivering future cash flows 1 Forecast capital expenditure ($ billion) 6 2023 capital expenditure of $5.7-$6.0 billion 4 Capacity for future Maximising production from existing facilities growth projects, tiebacks, inorganic and new energy Trion opportunities Capaci
Slide 24: Strong liquidity supporting major capital investment and shareholder returns
Strong liquidity supporting major capital investment and shareholder returns Continuing strong liquidity ($ billion) 12.0 10.2 8.1 9.0 7.0 6.7 6.1 Liquidity in line with planned capital expenditure 6.0 Liquidity Undrawn facilities 3.0 Cash 1 Credit ratings of BBB+ and Baa1 0.0 2019 2020 2021 2022 31
Slide 25: Highly cash-generative business
Highly cash-generative business 1,2 Forecast production (RHS) and free cash flow (LHS) 10 250 Production (RHS) $90 8 200 6 150 Resilient cash flow profile from global asset portfolio $70 4 100 Estimated $58 million movement in free cash flow $50 per $1 movement in Brent oil price in a 2 50 12-month
Slide 26: Strong capacity for returns and investment
Strong capacity for returns and investment 1 Cash generation and uses (2024 – 2028) $50/bbl $70/bbl 30 30 Available cash for investment, financing 25 25 or additional returns 20 20 Underlying dividend 2 at 80% 15 15 10 10 3 Investing cash outflow 5 5 0 0 Cash flow from $50 Brent Cash flow from $70 B
Slide 27: Significant contributor to the Australian economy
Significant contributor to the Australian economy RECORD H1 TAX TAX PAID PAID More than A$18 billion Record A$3.7 billion paid in Australian tax paid in Australian tax and royalties since and royalties in Among Australia’s leading tax payers 3 2011 H1 2023 1 Australia’s largest payer of PRRT EFFECTI
Slide 28: Marketing and Trading
MARKETING AND TRADING Mark Abbotsford Executive Vice President Marketing and Trading
Slide 29: Cost competitive portfolio positioned to navigate volatility
Cost competitive portfolio positioned to navigate volatility Global LNG prices, 2018 to year-to-date 2023 (nominal) 80 Nordstream offline US declares Russia invades Middle East national Ukraine conflict emergency for 60 Market volatility remains elevated COVID-19 Recovery from COVID-19, supply issue
Slide 30: Value-led marketing and trading strategy
Value-led marketing and trading strategy SCALE AND FLEXIBILITY ADAPTABLE, RESILIENT AND MEETING CUSTOMERS’ RESPONSIVE EVOLVING REQUIREMENTS Evaluating opportunities to build Contract positions balance upside Reliable and experienced energy global scale including cost- exposure and revenue certainty
Slide 31: LNG supports customer and country decarbonisation goals
LNG supports customer and country decarbonisation goals Japan Other (12%) China Other (11%) Scarborough sell-down China has signed up to 25 Coal (29%) reiterates the ongoing need LNG contracts since the for gas in supporting Japan’s start of 2022 delivering Coal (63%) 3 Gas (21%) energy security ove
Slide 32: Increasing price index diversification and gas hub exposure
Increasing price index diversification and gas hub exposure NEAR-TERM (2024-2025) 1 Produced total portfolio ▪ Leverage flexibility in base portfolio to maximise value ~20% ~70% ~10% ▪ Retain uncommitted production to de-risk operations and access spot market 1 Produced LNG portfolio ▪ Low volatilit
Slide 33: Delivering gas supply to the Australian energy market
Delivering gas supply to the Australian energy market WESTERN AUSTRALIA East coast Australia ▪ Meeting Woodside’s domestic gas commitments Bass Strait 1 ▪ Increasing demand for gas expected from 2024 2 ▪ Woodside’s market share ~22% EAST COAST AUSTRALIA ▪ 100% delivered to domestic market 1,3 ▪ Bala
Slide 34: Projects
PROJECTS Matthew Ridolfi Executive Vice President Projects
Slide 35: Investing in world class developments to deliver enduring value
Investing in world class developments to deliver enduring value LOW COST MAXIMISE VALUE LOWER CARBON SAFE Utilising design and High quality portfolio Design out No high consequence technology Scope 1 and 2 emissions injuries in 2023 Disciplined capital Industry collaboration to Focusing on lower Des
Slide 36: Three world-class projects in execution
Three world-class projects in execution 3 1 2 TRION SANGOMAR SCARBOROUGH Among the lowest carbon Expected carbon intensity Oil grade well suited for intensity projects for LNG of 11.8 kg CO -e/boe European refineries 2 landed in north Asia ADVANTAGES <$50 cost of supply and ~$11/boe breakeven $5.80/
Slide 37: Sangomar delivering production and cash flow from 2024
Sangomar delivering production and cash flow from 2024 DRILLING 1 ▪ 14 out of 23 Phase 1 development wells completed ▪ All remaining well drilling operations commenced SUBSEA ▪ Progressing subsea installation 1 ▪ Overall subsea scope 96% complete FPSO ▪ Topsides integration and pre-commissioning act
Slide 38: Scarborough – new LNG supply to meet North Asian demand
Scarborough – new LNG supply to meet North Asian demand PLUTO TRAIN 2 ▪ Site construction works started ▪ Module fabrication in Batam, Indonesia at peak activity TRUNKLINE AND SURF ▪ Installation of nearshore trunkline commenced ▪ Subsea trees delivered and in warehouse ▪ Fabrication of subsea flowl
Slide 39: Environmental approvals uncertainty impacting all offshore activity
Environmental approvals uncertainty impacting all offshore activity Indicative environmental plan (EP) consultation area Extensive consultation has occurred and remains ongoing Pluto platform North West Scarborough field Shelf Enfield Consultation area is based Karratha Environmental approvals proce
Slide 40: Trion – lower carbon intensity oil project with <4 year payback
Trion – lower carbon intensity oil project with <4 year payback REGULATORY ▪ Field development plan approved ▪ Positive relationship with PEMEX and regulator CONTRACTING ▪ Key contracts awarded ▪ Manufacturing and yard slots secured for facility fabrication EXECUTION Rendition of the Trion floating
Slide 41: Fulfilling decommissioning commitments
Fulfilling decommissioning commitments 1,2 Indicative decommissioning spend and near-term decommissioning activities 1.0 Managing cost through competitive tendering 0.5 and optimised scheduling of activities 0.0 Continuing engagement with regulators on 2023 2024 2025 required environmental approvals
Slide 42: International Operations
INTERNATIONAL OPERATIONS Shiva McMahon Executive Vice President International Operations
Slide 43: Efficient and sustainable International operations
Efficient and sustainable International operations LOW COST MAXIMISE VALUE LOWER CARBON SAFE No high consequence 2 Unit production cost ~98% reliability at Shenzi Lower carbon intensity injuries in 2023 1 <$10/boe basin (GoM) Developing infill and Learn from organisational Managing costs in nearfiel
Slide 44: Optimising for low cost, reliable operations
Optimising for low cost, reliable operations MANAGING COST ▪ Zero base cost management and owners’ mindset driving healthy challenge ▪ Collaboration with suppliers and third parties ▪ Shared resources across regional hubs TARGETING RELIABILITY ▪ Disciplined and proactive defect elimination Shenzi pl
Slide 45: High quality Gulf of Mexico oil assets
High quality Gulf of Mexico oil assets 1 Gulf of Mexico (GoM) reserves and resources Large, long-life assets Produced 2P reserves 2C contingent resources 484 MMboe 472 MMboe 461 MMboe Mad Dog Phase 2 delivered and ramping up Near-field expansion opportunities with Mad Dog and Atlantis Subsurface und
Slide 46: Maximising value from Trinidad and Tobago assets
Maximising value from Trinidad and Tobago assets ANGOSTURA AND RUBY ▪ Focused on personal and process safety ▪ Optimisation of maintenance program ▪ Maximising recovery of remaining reserves CALYPSO ▪ Advantaged region with existing infrastructure and industry Trinidad & Tobago central processing pl
Slide 47: Focused implementation of Scope 1 and 2 emissions reduction opportunities
Focused implementation of Scope 1 and 2 emissions reduction opportunities 2 2023 oil emissions intensity kgCO -e/boe 2 Global oil average 23 Global deepwater 16 1 Gulf of Mexico contributes ~6% of Scope 1 & 2 Woodside 10 3 Gulf of Mexico Emissions sources well understood Example asset decarbonisatio
Slide 48: Disciplined delivery of production opportunities
Disciplined delivery of production opportunities 1 Production (MMboe) OPERATIONAL PERFORMANCE 225 Woodside total ▪ Maintain high facility reliability International operations ▪ Continue decarbonisation plans 150 MAXIMISING VALUE Australian 75 operations ▪ Continued optimisation of existing assets ▪
Slide 49: Australian Operations
AUSTRALIAN OPERATIONS Liz Westcott Executive Vice President Australian Operations
Slide 50: Unsatisfactory 2023 safety performance
Unsatisfactory 2023 safety performance STEPPING IN STEPPING BACK Learning from recent incidents 2023 REFLECTION External assessment of our operational safety systems Focusing on safety fundamentals Tragic death of a colleague at Collaborating with industry the North Rankin Complex on best practice E
Slide 51: Efficient and sustainable Australian operations
Efficient and sustainable Australian operations SAFE LOW COST MAXIMISE VALUE LOWER CARBON 2 Unit production cost ~98% LNG reliability Implementing asset Refocusing on safety 1 fundamentals ~$8.6/boe decarbonisation initiatives Developing infill and (Pluto and KGP) External assessment of Managing cos
Slide 52: Driving cost efficiencies
Driving cost efficiencies LEVERAGING TECHNOLOGY ▪ Cost effective corrosion management ▪ Satellite, aerial and drones for emissions monitoring ▪ Autonomous inspections of hazardous areas OPERATING MODEL ▪ Implemented a simpler, asset-based operating model ▪ Integrating and harmonising assets, systems
Slide 53: Maximising value through reliable and efficient asset management
Maximising value through reliable and efficient asset management 2 Production (MMboe) OPERATIONAL PERFORMANCE 225 ▪ Maintain high facility reliability Woodside total ▪ Improve maintenance efficiency to reduce International turnaround duration operations 150 ▪ Track record of increasing production ca
Slide 54: Pluto remote operations centre
Pluto remote operations centre Pluto facility now fully operated from Perth 100% remotely operated LNG plant Enables future integration of Scarborough Consolidated and Enhanced decision Remote collection Improved safety DELIVERING VALUE integrated making and and interpretation of risk management ope
Slide 55: Implementing asset decarbonisation plans
Implementing asset decarbonisation plans TARGETING PLUTO SOLAR EFFICIENT POWER DELIVERED FID 2023 IMPORT GENERATION Utilising solar energy to reduce fuel gas Optimising power generation at KGP and Pluto LNG consumption for electrical power generation Expected emissions reduction: Delivered emissions
Slide 56: Decarbonising Pluto and Scarborough
Decarbonising Pluto and Scarborough Scope 1 and 2 emissions Pluto/Scarborough offshore (in execute) Pluto Train 1 (delivered) Efficiency Efficiency ▪ Waste heat recovery on gas turbine ▪ High efficiency air filters installed on gas turbines ▪ Flow coated trunkline to reduce roughness ▪ Optimised pow
Slide 57: Technology Deployment
TECHNOLOGY DEPLOYMENT Daniel Kalms Executive Vice President Technical Services
Slide 58: Deploying technology across our portfolio
Deploying technology across our portfolio LOWER CARBON SAFE LOW COST MAXIMISE VALUE Autonomous Integrity management Digital strategies driving Protects base business inspections, crewless enabling older facilities increased production, and supports customer deployment reduces to operate at lower cos
Slide 59: Driving safer outcomes through drones and robotics
Driving safer outcomes through drones and robotics ROBOTICS DRONES ▪ Mitigate work over the side risk to ▪ Mitigate confined space entry risk ▪ Mitigate hazardous area inspections personnel ▪ Reduce duration of vessel inspection ▪ Reduce time for inspection by ~90% ▪ Reduce time in field by up to 40
Slide 60: Driving lower cost through applied technology
Driving lower cost through applied technology ONLINE MONITORING IoT SENSORS 3D PRINTING ▪ $12 million saving on obsolete subsea part ▪ Online humidity under insulation▪ ~$600 wireless IoT sensors (versus purchase of new model) (versus stripping insulation and (versus ~$12,000 equivalent commercial i
Slide 61: Driving value through digitalisation
Driving value through digitalisation FUTURE FOCUS DELIVERED OPTIMISATION ▪ Lifted nameplate capacity at Pluto LNG through a range of ▪ Machine learning and AI asset and digital optimisations ▪ End to end optimisation to maximise value ▪ Improved asset energy efficiency ▪ Optimised maintenance planni
Slide 62: Assessing technologies to reduce Scope 1 and 2 carbon emissions
Assessing technologies to reduce Scope 1 and 2 carbon emissions Marginal Scope 1 and 2 abatement cost curve Carbon price 1 Large scale abatement | Creating options (US$/t) DEVELOP & ASSESS | >$80/t CO -e 2 Exploring a range of technology ▪ Exploring technology with an aim to reduce decarbonisation c
Slide 63: Vision for Pluto net zero
Vision for Pluto net zero Woodside Scope 1 and 2 emissions Abatement options for typical LNG Possible implementation timeframe 1 2 (LNG/non LNG) emissions sources Post-2030 Pre-2030 100 Post combustion capture + carbon sequestration Mechanical Electrification drives ~50% 75 H2 fuelling + carbon sequ
Slide 64: New Energy
NEW ENERGY Shaun Gregory Executive Vice President New Energy
Slide 65: Value focused new energy and lower carbon services strategy
Value focused new energy and lower carbon services strategy INTEGRATED CARBON CUSTOMER COLLABORATION NEW ENERGY SOLUTIONS Targeting hydrogen, ammonia and Developing carbon credits, CCS and carbon Working with customers to catalyze emerging fuels production leveraging utilisation solutions to reduce
Slide 66: Strategically located to serve growing markets
Strategically located to serve growing markets 2 Woodside new energy portfolio and potential trade flows APAC Europe ▪ Collaborations in hydrogen and carbon value chain 1 Multiple targets between Japan, Korea, Singapore and Australia across APAC ▪ Building opportunities to deliver from multiple site
Slide 67: Hydrogen and ammonia solutions
Hydrogen and ammonia solutions 1 Develop new energy solutions to assist our customers with their decarbonisation pathways NEW ENERGY STRATEGY INDUSTRIALS HEAVY DUTY SHIPPING AND POWER AND TRANSPORT AVIATION CHEMICALS Decarbonise mobility Decarbonise coal- Decarbonise Provide lower carbon FOCUS secto
Slide 68: Aligning H2OK with market demand
Aligning H2OK with market demand Purchased 94 acres of land in Ardmore, Oklahoma LAND, POWER Power and water supply terms finalised & WATER ENGINEERING Technical work progressing with ongoing design optimisation Estimated capital expenditure range of US$0.8-$1.0B DESIGN Working together with local g
Slide 69: Portfolio of new energy opportunities
Portfolio of new energy opportunities H2OK ▪ Targeting up to 60 tpd of liquid hydrogen ▪ Leverages existing transport network ▪ Centrally located for US truck market Southern Green Hydrogen Heliogen ▪ Proposal for renewable ammonia ▪ Initial 5 MW concentrated solar production facility energy system
Slide 70: Developing the integrated carbon solutions business
Developing the integrated carbon solutions business SUPPORT GROWTH UNLOCK VALUE ENABLE BASE BUSINESS Today Tomorrow Future CCS and carbon utilisation Exploring options to scale and grow Leverage experience and capability carbon solutions as a service developed since 2018 Cost efficiencies through sc
Slide 71: Integrated carbon solutions
Integrated carbon solutions CARBON SOLUTIONS Develop carbon solutions to enable our base business, support growth and deliver future value STRATEGY CARBON CAPTURE AND CARBON CREDITS CARBON UTILISATION STORAGE (CCS) Originate carbon credits Invest in technologies to Secure high quality and purchase f
Slide 72: Diverse portfolio of >20 million carbon credits
1,2 Diverse portfolio of >20 million carbon credits 6 6 Woodside's portfolio by geography Woodside's portfolio by method Geographically diverse portfolio Renewables, energy ~35% efficiency and waste management Australia ~50% 3 Average cost of supply <$20/t Invested >$150 million with focus on projec
Slide 73: Assessing CCS opportunities
Assessing CCS opportunities Bonaparte CCS Browse CCS Positioning to decarbonise operations 1 Potential to store >3 Mtpa CO by 2030 2 Future growth projects with potential to store customer emissions Leveraging subsurface knowledge, advantaged asset base South East Angel CCS and full value chain expe
Slide 74: Close
CLOSE Meg O’Neill Chief Executive Officer and Managing Director
Slide 75: Thrive through the energy transition
Thrive through the energy transition 1 2 3 PROVIDE ENERGY FOR CREATE AND RETURN CONDUCT OUR BUSINESS FUTURE DEMAND VALUE SUSTAINABLY OPTIMISE VALUE AND SHAREHOLDER RETURNS 75
Slide 76: Distinctive investment differentiation
Distinctive investment differentiation 1 3 2 STRONG MARGIN HIGH DIVIDEND YIELD GAS WEIGHTED 1 2 3 EBITDA margin (%) Last 12 months yield % gas in portfolio 15% Dividend yield Buyback contribution 80% 90% 60% 10% 60% 40% 5% 30% 20% 0% 0% 0% Dataset: Woodside versus industry peers (peer set includes A
Slide 77: The investment case – a global energy supplier
The investment case – a global energy supplier DISCIPLINED CAPITAL POSITIONED FOR THE HIGH QUALITY MANAGEMENT ENERGY TRANSITION PORTFOLIO Resilient cash flow Advantaged locations and markets On track to deliver net emissions 1 reduction targets Committed to shareholder returns Conventional asset bas
Slide 78: Break
BREAK
Slide 79: Question & Answer
QUESTION & ANSWER
Slide 80: Appendix
APPENDIX
Slide 81: Glossary
Glossary $, $m, $B US dollar unless otherwise stated, millions of dollars, billions of dollars cps Cents per share 2P Proved plus Probable reserves To avoid, reduce or offset greenhouse gas emissions. It can apply to both the production Decarbonise and the use of products and services 2C Best Estima
Slide 82: Glossary
Glossary Woodside has set its Scope 1 and 2 greenhouse gas emissions reduction targets on a net Wood Mackenzie defines low carbon hydrogen in its Q3 2023 Global Hydrogen Market Net greenhouse basis, allowing for both direct emissions reductions from its operations and emissions Tracker. There are th
Slide 83: Glossary
Glossary Oil and gas joint venture participants will typically appoint one company as the operator, References to sustainability (including sustainable and sustainably) are used in the context which will hold the contractual authority to manage joint venture activities on behalf of the of Woodside’s
Slide 84: Head Office contact details
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