Origin Energy Limited · ASX:ORG
Origin Energy — Corporate Update (2000)
18 slides from Origin Energy's corporate update, 2000
Slide 1: The Bass Basin - Energy to Power Tasmania
The Bass Basin - Energy to Power Tasmania
Slide 2: Welcome to Origin Energy
Welcome to Origin Energy • We are the new face of Boral Energy • Total assets* of $2.4 billion • 1.2 million customers • More than 130 petajoules of gas sales per annum • Vertically integrated, interests in every Australian State • We are here to deliver your energy requirements *Boral Limited Schem
Slide 3: Origin Energy in Tasmania
Origin Energy in Tasmania • Business activities in Tasmania date back to 1858 • Exclusive rights to the supply network for gas in the Launceston area • LPG business – Import terminals – Offices in Launceston, Devonport and Hobart • Bass Basin exploration
Slide 4: Origin Energy in Australia
Origin Energy in Australia • Oil and gas exploration and production • Development of gas-fired electricity projects • Retail of natural gas, electricity and LPG • Management of natural gas network assets • Gas and electricity trading • Innovation – NGV, solar research, e-commerce capabilities, clean
Slide 5: Origin in the last 12 months
Origin in the last 12 months • $474 million dollar acquisition of Energy 21 retail business in Victoria • Roma, Ladbroke Grove and Bulwer Island generation projects • Acreage and producing assets in the Otway Basin • Gas contracts signed – Peat Coal Seam Methane (CSM) – Moura CSM – Onshore Otway Bas
Slide 6: Origin Energy: Exploration in Tasmania
Origin Energy: Exploration in Tasmania. • Active in the Bass Basin since early 1980’s • Yolla 2 and White Ibis 1 drilled in 1998 - $50 million gross • 3D seismic planned in T/25P – approximately $5 million gross • Prospective and challenging area • Aggressive exploration likely to follow field devel
Slide 7: The Yolla Project – viable now
The Yolla Project – viable now • Resource viable now pending commercial arrangements • Yolla 2 – Confirmed reserves base • Technical developments – Cost reductions – Process improvements • Commercial – Greater Tasmanian focus – Resource fits market • Initial development planned for 15 PJ/a for 20 ye
Slide 8: Natural gas to industry and households
Natural gas to industry and households Market Annual Volume (PJ) North Coast Industrials 9 North Coast Reticulation 2 Southern Industrials# 2 Southern Reticulation# 2 Total 15 Electricity Generation or market 8+ expansion* # Subject to transmission network extension to Hobart * Accelerated developme
Slide 9: Price
Price • The landed price of gas is expected to be below four dollars per GJ • Target price for high load factor gas ex-onshore plant is in the mid-three dollar range • Price will vary according to the level of service required and final market demand • Local transmission and distribution charges wil
Slide 10: The Benefits of Liquids
The Benefits of Liquids. • High annual yield of LPG and condensate (light oil) – Over 40,000 tonnes of LPG (comparable to current demand) – Over 600,000 barrels of condensate • Natural gas cheaper • Back-up fuels cheaper • Remote industries benefits • Less imports • Possible mini-refinery • Jobs and
Slide 11: Clean Electricity Solutions
Clean Electricity Solutions • Tasmania faces a well publicised long-term electricity shortage – BassLink will address some of these areas • Natural gas addresses other opportunities: • Small scale solutions tailored to individual requirements • Medium scale co-generation • Conversion / construction
Slide 12: Local Jobs for Tasmanians
Local Jobs for Tasmanians • Construction phase could employ up to 100 people • Onshore plant, shore base, mini- refinery, distribution and marketing could employ a similar number long term • Construction of co-generation facilities, power plants • Flow-on effects in distribution • More competitive i
Slide 13: Future Developments
Future Developments • Phase 1 – Field development – Onshore plant – Basic infrastructure – LPG distribution – Around 15 PJ/a
Slide 14: Future Developments
Future Developments • Phase 1 – Field development – Onshore plant – Basic infrastructure – LPG distribution • Phase 2 – New fields – Build the market – Electricity generation
Slide 15: Future Developments
Future Developments • Phase 1 – Field development – Onshore plant – Basic infrastructure – LPG distribution • Phase 2 – New fields – Build the market – Electricity generation • Phase 3 – Pipeline to Victoria – Additional sales or import / export
Slide 16: Next Steps
Next Steps • Direct contact with customers to commence in April 2000 • Discussions welcomed with all potential users of natural gas and its by- products • Discussions with gas transmission service provider • Target – first gas in 2003
Slide 17: Benefits to Tasmania
Benefits to Tasmania • Cheaper gas than alternative sources. • Jobs and infrastructure for Tasmania. • Local supply of liquid products for domestic use and export. • Viable project now, does not rely on major new industry. • Complements BassLink, but does not depend on it. • Longford pipeline not ne
Slide 18: The Bass Basin – Energy to Power Tasmania
The Bass Basin – Energy to Power Tasmania