woodside energy (en) exploration drilling
TRANSCRIPT
Laurinda Shaw
Woodside Energy (Myanmar) Pte Ltd
11 July 2016
Exploration Drilling
This presentation contains forward looking statements that are subject to risk factors
associated with oil and gas businesses. It is believed that the expectations reflected in
these statements are reasonable but they may be affected by a variety of variables and
changes in underlying assumptions which could cause actual results or trends to differ
materially, including but not limited to: price fluctuations, actual demand, currency
fluctuations, drilling and production results, reserve estimates, loss of market, industry
competition, environmental risks, physical risks, legislative, fiscal and regulatory
developments, economic and financial market conditions in various countries and
regions, political risks, project delay or advancement, approvals and cost estimates.
All references to dollars, cents or $ in this presentation are to US currency, unless
otherwise stated.
References to “Woodside” may be references to Woodside Petroleum Ltd. or its
applicable subsidiaries.
Disclaimer and important notice
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က်ႏုုပ္တုုိ႕၏လုုပ္ငန္းကြင္းဆက္
Exploration Activities, Rakhine Basin, Myanmar 318 July 2016
• ဆုုိက္စမစ္စူးစမ္းေလ့လာျခင္း• ေရနံတြင္းတူးရွာေဖြျခင္း
ဆည္းပူးျခင္းနွင့္ စူးစမ္ရွာေဖြျခင္း
•ေရနံတြင္းတူး ထုတ္လုပ္ျခင္း•စီမံကိန္းေပးေ၀ျခင္း•တည္ေဆာက္ျခင္း
ဖြ႕ံၿဖိဳးတုုိးတက္ျခင္း လုုပ္ငန္းေဆာင္ရြက္ျခင္း
• အေထာက္အပံ့ပစၥည္းမ်ား
ေစ်းကြက္တည္ေဆာက္ျခင္း
• သုုံးစြသူဲမ်ားအတြက္ပံ့ပိုုးျခင္း
Oil and Gas Lifecycle
ACQUIRE & EXPLORE
DEVELOP OPERATE MARKET
Woodside in Myanmar
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Block JVP’s Completed Activity ~ Commenced Planned Future Activities
A-7 WEM (operator)
BG E&P
MPEP
Marine Seismic
Seabed sampling
Mid Nov 2015 Flexibility to drill depending on
outcomes of seismic survey
AD-5 WEM (operator)
BG E&P
Marine Seismic Mid Nov 2015 Flexibility to drill depending on
outcomes of seismic survey
A-6 MPRL E&P
(Government liaison
operator)
WEM Operator save in
respect of government
liaison)
Total E&P
Exploration Drilling
Marine Seismic
December 2015
May 2016Planning to drill in 2017
AD-7 WEM (operator for
Deepwater drilling)
POSCO Daewoo
(operator for all other
activities)
Exploration Drilling
Marine Seismic
February 2016
March 2016Planning to drill in 2017
A4 BG E&P (operator)
(WEM, MPEP)
Marine Seismic
Seabed Sampling
Nov 2015
AD2 BG E&P (operator)
(WEM)
Marine Seismic
Seabed Sampling
Nov 2015
WEM – Woodside Energy (Myanmar) Pte LtdMPEP – Myanmar Petroleum Exploration & Production Company Limited (MPEP)BG E & P – BG Exploration and Production Myanmar
Social Understanding
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Environment Understanding
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Oil and Gas Activities Approximate Duration
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Seismic
Exploration Drilling
Construction
Operations
Months Years Decades
3 weeks – 6
months
3 -5 years
1 Month – 12-18
months
20+ years
ApproximateTiming
Environmental Aspects of Offshore Drilling
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Stakeholder Engagement
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Planning Processes and EIA
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Commence
Operations
Planning (approximate months)
Environmental Impact Assessment (approximate months)
Commit to well and drill rig
Commence project Planning
Commence EIA Planning
Submit EIA
Pre-Operational
Env Planning
Complete approval assessment
Submit Project Proposal Report
Submit Terms of Reference Report
$ $$ $$$$$
18 months
Certainty as to process, timing and form of approval to inform decision making
Commit to long lead items
ACTIVITY ASSESSMENT
TIMING as per EIA
Procedure
(working days)
Project Proposal
Report
15
Terms of
Reference
Scoping Report
15
Environmental
Impact
Assessment
Report
90
Total Assessment
Time
120
Approximate EIA Timelines
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Intra-governmental process and timing uncertainty
Woodside applies a risk based approach to assessments
Regulatory process that has timing and content certainty
Clarity regarding the requirements at each stage of assessment and
approval process
Conclusion
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