2012 Half Year Results Media Presentation - Origin Energy

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Upstream activities are ramping up with land access, drilling and gas processing facilities tracking within plan • Participated in over 200 wells during the half • Two hybrid coil tubing drilling rigs now in operation; capability to drill wells in less than 4 days per rig; more rigs to be added progressively over the coming months • On track to drill 30 wells per month by mid 2012, with up to 1,100 new production wells expected to be drilled by the end of 2015 to support initial ramp requirements for two trains • Land access on schedule; 428 well locations scouted; land access plan ensures rigs minimise down-time • First Siemens electric drive compressor completed factory acceptance testing in January, on schedule • Plant module construction awarded to BJC Thailand – first module shipment due mid 2012, on schedule • Gas processing and water treatment facilities construction on track to commence mid-2012 Milestones Date 36 | First two Savanna rigs introduced mid 2011 Initial drilling for Train 1 complete mid 2013 Mechanical completion of first gas processing plant mid 2013 Train 1 - gas processing plants complete late 2014 First gas to LNG Train 1 early 2015
Preparations for the major pipeline construction activities and gas field electrification project are on track • EPC pipeline contract awarded to McConnell Dowell, Consolidated Contracting Co. joint venture in July 2011 • Line pipe awarded to MetalOne in Japan; first delivery made in January 2012 • APLNG and QCLNG collaborating on Narrows crossing; execution by QCLNG delayed however significant float remains for APLNG • Pipeline land access arrangements progressing at rate which maintains pipeline construction productivity; agreements reached with one third of properties • Engineering on schedule and welding on track to commence in June 2012 • Train 1 electrification contracts awarded to Powerlink and on schedule Milestones Date Line pipe manufacture 2011 and 2012 Welding commences mid 2012 Pipeline completion early 2014 Train 1 electrification complete mid 2014 37 |
Page 1 and 2: 2012 Half Year Results Media Presen
Page 3 and 4: Outline 1. Performance Highlights G
Page 5 and 6: During the half Origin has made sub
Page 7 and 8: A$ million FY2012 FY2013 FY2014 FY2
Page 9 and 10: 2012 Half Year Financial Highlights
Page 11 and 12: OCAT decreased, with the increase i
Page 13 and 14: $ million Underlying EBITDA up 41%
Page 15 and 16: Origin has raised additional capita
Page 17 and 18: cents per share FY2001 FY2002 FY200
Page 19 and 20: Energy Markets ‣ Underlying EBITD
Page 21 and 22: Capacity (MW) Capacity (MW) Capacit
Page 23: Base Load/ Interm. Externally A div
Page 26 and 27: Origin continues to develop its new
Page 28 and 29: Notwithstanding planned shutdowns a
Page 30 and 31: Asset reliability is currently bein
Page 32 and 33: Australia Pacific LNG ‣ Underlyin
Page 34 and 35: APLNG‟s CSG to LNG project is und
Page 38 and 39: Curtis Island site preparations are
Page 40 and 41: APLNG 100% capital expenditure for
Page 42 and 43: Contact is one of New Zealand‟s l
Page 44 and 45: Increased portfolio diversity and f
Page 46 and 47: Building on its domestic success, O
Page 48 and 49: Based on prevailing market conditio
Page 50: Thank you Further Information Lina

2012 Half Year Results Media Presentation - Origin Energy

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