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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APLNG 100% capital expenditure for the half year was<br />
$2.5 billion …<br />
APLNG Capital Expenditure for the half year to Dec 11<br />
A$m Upstream Downstream Total<br />
Development expenditure 852 1,550 2,402<br />
Exploration & appraisal 91 - 91<br />
Total 943 1,550 2,493<br />
<strong>Origin</strong> cash contribution 173<br />
• APLNG capital expenditure in the table above includes:<br />
- CSG to LNG export project (total US$14 billion based on forward<br />
exchange rates assumed at the time of APLNG FID 1)<br />
- domestic operations<br />
- capitalised pre-LNG operating and maintenance costs<br />
- development of gas to supply third party LNG projects<br />
- exploration and appraisal activities<br />
• Over 2/3 of costs based in AUD, with balance primarily in USD.<br />
• Due to movements in foreign exchange rates total project cost have<br />
increased when expressed in USD and decreased if expressed in AUD<br />
APLNG FID 1 LNG project costs by currency<br />
AUD USD EUR<br />
40 |<br />
… with expected capital expenditure in line with currency splits at<br />
the time of FID for the first phase of the project
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