The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gordon Alexander Ramsay - RBC Capital Markets, Research Division - Analyst
: Just a couple of questions from me. Anthony, just on the CapEx, clearly, you've got a big spend coming up in the second half of the year. My number
is potentially over $1 billion. Can you just give us a feel for how that might be broken up? Is there any kind of 2 or 3 projects that are dominating
that spend?
Question: Gordon Alexander Ramsay - RBC Capital Markets, Research Division - Analyst
: That's good. And just a couple of other quick ones. PNG LNG, the scheme of arrangement requires shareholder approval. You've also mentioned
that you will require PNG National Court approval. Can you kind of explain what that is and what's involved in that?
Question: Gordon Alexander Ramsay - RBC Capital Markets, Research Division - Analyst
: No, that was all. Just trying to understand that whether politicians got involved, things like that.
And just lastly, on Moomba, Beach has become your partner, which we knew, but there was or is an MOU with BP. Is that still there, Moomba CCS?
Question: Nik Burns - Jarden Limited, Research Division - Analyst
: Yes. Look, I might just follow-on from Gordon's question around PNG. The Prime Minister has been pretty vocal there around the proposed merger
saying that might pass the National Interest Test. Just wondering, have you had any conversations with the Prime Minister around the merger
proposal? And if so, what assurances were you able to provide him in relation to resourcing and support?
Question: Nik Burns - Jarden Limited, Research Division - Analyst
: Got it. That makes sense. Just another question on the Bayu-Undan CCS project. Can you just talk about how that would practically work? My
understanding is that Barossa pipeline will tap into the Bayu-Undan pipeline from around mid-'23. So just thinking about how you would run the
CCS project from onshore with that tied in with the requirement to duplicate that pipeline. And if so, who pays for that?
And just also, I might just add on another question around that, just around the CO2 volumes. My understanding is most of the CO2 from Barossa
will be vented offshore at the FPSO with around 6% coming onshore. So is it thinking to just store the 6% that come to shore? Or would you look
to change how Barossa operates to try and capture more of that CO2 and look to put all of that through CCS as well.
Question: Nik Burns - Jarden Limited, Research Division - Analyst
: It sounds like there's a bit of a time factor here given obviously FPSO is now under construction and you need to change potentially what the cases
onboard. You need to compress additional volumes to take it to shore. Is that how we should think about it?
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