2012 Half Year Results Media Presentation - Origin Energy
2012 Half Year Results Media Presentation - Origin Energy
2012 Half Year Results Media Presentation - Origin Energy
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Major planned maintenance shutdowns have been undertaken on<br />
<strong>Origin</strong>‟s key offshore producing assets …<br />
Australian Offshore - Otway<br />
• Lower production (-9%) resulting from planned maintenance shutdown in November 2011<br />
• Inlet compression project being commissioned, planned to be operational in March <strong>2012</strong><br />
• The offshore Thistle-1 exploration prospect will be drilled in April <strong>2012</strong><br />
• Geographe Field Development underway; drilling planned to commence in May <strong>2012</strong><br />
Australian Offshore - BassGas<br />
• Lower production (-10%) due to commencement of Phase 1 of BassGas Mid Life<br />
Enhancement project in December 2011<br />
• Phase 2 of the project (drilling of additional wells) planned to take place over summer<br />
<strong>2012</strong>/2013<br />
Australian Onshore – Cooper, Surat and Perth Basins<br />
• Production up on prior half year (+4%) with increases across all basins<br />
• Marginally higher production in Cooper Basin despite lower gas volumes and wet weather<br />
during the December Quarter causing delays in operational and drilling activities<br />
Australian Onshore – Queensland CSG (Ironbark)<br />
• Community consultation continued<br />
• Construction on pilot ponds and gathering network commenced; a third multi-well pilot is<br />
planned for drilling in the Ironbark area in the March Quarter <strong>2012</strong><br />
New Zealand Offshore - Kupe<br />
• Production increased (+5%) reflecting reduced planned maintenance days<br />
• Kupe joint venture parties entered into 2-year agreement with BP Singapore for sale and<br />
marketing of Kupe light crude<br />
29 |<br />
… underpinning asset reliability and increased production capability<br />
into an expanding gas market
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