Woodside Energy (en) Exploration Drilling

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

Insert Title Here | DRIMS# 218 July 2016

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


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


Marine Seismic

December 2015

May 2016Planning to drill in 2017

AD-7 WEM (operator for

Deepwater drilling)

POSCO Daewoo

(operator for all other

activities)


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


Environment Understanding


Oil and Gas Activities Approximate Duration


Seismic


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


Stakeholder Engagement


Planning Processes and EIA


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


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


Government & Nonprofit

Woodside Energy (en) Exploration Drilling